R35 billion plan to transform one of South Africa’s most important cities forever

• The Durban Point Waterfront development plans to transform the Point area into a mixed-use waterfront precinct with residential, commercial, retail and leisure facilities, valued at between R30 billion and R35 billion.
• The project, which has been in the pipeline for more than a decade, may finally see work begin by the end of 2026, subject to the finalisation of funding arrangements, according to the eThekwini Municipality.
• The completed development could create approximately 6,750 permanent jobs and 11,000 construction jobs, and generate an estimated R200 million in annual rates revenue for the municipality.