INVESTMENT OPPORTUNITIES, BUSINESS INTELLIGENCE & RELATED RESEARCH
The NMBM has targeted and prioritised specific economic sectors for robust development and investment, namely;
The Trade & Investment sub-directorate aims to provide investors with all the intelligence and advice they might need in order to make informed business/investment decisions within the economy of Nelson Mandela Bay.
If you are business investor needing specific information or advice, then our team is here to help source and interpret the information you need:
NELSON MANDELA BAY ECONOMIC UPDATE
It has been close to two years since COVID-19 reached the shores of Nelson Mandela Bay, and the economic effects of the pandemic and the resulting lockdown are still being felt. Following the recent release of revised national economic data, it is now estimated that the real GDP of the metro declined by 7.9% in 2020 and that the regional economy is predicted to grow by 4.2% in 2021.
The economy of the metropole grew by 0.8% in the second quarter of 2021 and in this same quarter, the City also saw improvements in its labour market: with 42,000 more people employed than during the hardest lockdown in the second quarter of last year.
Despite the challenging operating environment, the value of exports from Nelson Mandela Bay’s ports increased by 1.05% year-on-year in 2020 and the City also experienced an increased in container volumes this year following the severe July protests in other parts of the country.