The Chief Albert Luthuli Municipality (CALM) held its first Investment Summit aimed at growing the economy and creating business and workopportunities for residents of the municipality.
During the two day Summit, held at Emanzana, Forever Resort from 29 to 30 July, the executive mayor of CALM, Daniel Nkosi, said the summit brought together a wide array of investors and businesses to an environment where deals were struck, alliances formed and investments initiated. These outcomes hold immense potential for driving economic growth, innovation and job creation.
“Our gathering has been an exceptional platform for fostering collaboration, exploring new opportunities and forging meaningful connections among investors, entrepreneurs and industry leaders. Throughout the event, we have had inspiring discussions, insightful presentations and fruitful networking sessions.
The collective expertise and diverse perspectives shared by our esteemed speakers and participants have enriched our understanding of investment trends, strategies and the evolving business landscape,” he said. Nkosi re-iterated after the highly successful event that the newly forged connections would serve as foundation for future collaborations, mentorships and partnerships, strengthening collective efforts to drive economic prosperity and social impact.
On the highly volatile issue of coal mining, Nkosi said discussions are continuing regarding the effect on employment if the sector is summarily closed down in favour of green energy. “We have a hydro system at Ekulindeni which we can utizilize with the expertise the municipality has to produce electricity that will also assist with employment in Ward 12 with its huge number of unemployed residents,”
With regards to property rates, the municipal manager raised the probability of collections through Multichoice (DSTV). As limited resources are available in the Municipality, Wi-Fi network connections in public places, especially those area where a number of people gathered, will be considered.