In a momentous occasion marked by hope and determination, His Excellency, President Cyril Ramaphosa, accompanied by Premier Nomusa Dube-Ncube, reopened the Newlyn Terminal at Bayhead in Durban, KwaZulu-Natal.

This significant event not only reaffirms the province's dedication to economic development but also underscores the crucial role of transportation infrastructure in fostering growth and prosperity.

This afternoon, as we commemorate the unveiling of this facility, it is imperative to highlight Tetra Pak's remarkable pledge of over R500 million towards the establishment of this manufacturing plant in Pinetown, made during the Presidential South African Investment Conference in 2022. Since the initiation of construction post-pledge, 74 local contractors and suppliers have been engaged, with approximately R120 million invested in the project. This substantial investment has not only led to the creation of various indirect employment opportunities across sectors such as logistics and construction but also serves as a testament to the region's potential for development.

The significance of Tetra Pak's commitment extends beyond monetary value. We are thrilled that this company chose to invest its capital in KwaZulu-Natal, South Africa. Moreover, witnessing the realization of this pledge into a tangible and valuable investment fills us all with pride.

The reopening of the Newlyn Terminal marks a significant milestone in KwaZulu-Natal's journey towards fostering inclusive economic growth and ensuring equitable development. President Cyril Ramaphosa's impassioned address emphasized the terminal's strategic importance, serving as a pivotal hub for facilitating trade, commerce, and connectivity both domestically and internationally.

At the heart of the President's message lies a vision of prosperity that reaches every corner of the province. With the Newlyn Terminal, KwaZulu-Natal is poised to enhance its global competitiveness, attract investments, create job opportunities, and advance socio-economic progress for its residents.

The significance of the Newlyn Terminal transcends its physical infrastructure. It embodies the spirit of collaboration between government, private sector stakeholders, and the community, reflecting a collective commitment to driving progress and development.

Furthermore, the launch of the Newlyn Terminal aligns seamlessly with the #InvestSA initiative, aimed at positioning South Africa as a preferred investment destination. By strengthening transportation infrastructure, KwaZulu-Natal enhances its appeal to investors, offering seamless connectivity and logistical advantages that facilitate business operations and trade.

As President Cyril Ramaphosa reiterated during his address, the Newlyn Terminal signifies more than just a mere structure; it is a testament to the province's resilience, ambition, and determination to forge a brighter future for all its citizens. With unwavering dedication and concerted efforts, KwaZulu-Natal is forging ahead towards sustainable development, leaving no one behind in its pursuit of prosperity.

“We are delighted that this company, chose to invest its capital in KwaZulu-Natal, South Africa. But more so that the pledge has today been turned into a tangible and precious investment that we are all proud of” said Premier Dube-Ncube

The launch of the Newlyn Terminal at Bayhead heralds a new era of opportunity and progress for KwaZulu-Natal. Through strategic investments in transportation infrastructure and a steadfast commitment to inclusive growth, the province is poised to realize its full potential as a beacon of prosperity in South Africa and beyond.