High-quality property developments in coastal regions are in high demand, and the KZN South Coast is fast emerging as a key investment destination for everything from residential to light industrial property investments. To further support the growth of this key investment sector, South Coast Tourism and Investment Enterprise (SCTIE) signed a historic memorandum of understanding (MOU) on Tuesday (June 18) with local property developers of Serenity Hills, Renishaw Coastal Precinct, and Umdoni Point Coastal Coastal Lifestyle Village.

“This signing is a momentous occasion that officially marks the strategic collaboration between ourselves and key developers within the KZN South Coast region, solidifying our joint commitment to maximise the touristic and investment potential of these estates. This collaboration will contribute meaningfully to our economic transformation agenda that seeks to uplift the KZN South Coast,” commented Dr Vusumuzi Sibiya, CEO of SCTIE. 

Hosted at Renishaw Hills, a mature lifestyle village that forms the first phase of Renishaw Coastal Precinct in Scottburgh, the ceremony was attended by Dr Sibiya, Barto Van der Merwe (managing director of Renishaw Coastal Precinct), Paul Tedder (developer of Umdoni Point Coastal Lifestyle Village), and Ayanda Masengemi (associate director of Serenity Hills) alongside media representatives.

“We’re proud to be part of this important partnership that will benefit both the stakeholders and the wider KZN South Coast. The Renishaw Coastal Precinct is rooted in community and sustainability, driving socio-economic upliftment while creating a sought-after lifestyle. We look forward to growing this vision with our partners and unlocking further investment in the region,” said Barto Van der Merwe. 

Ayanda Msengeni stated that they have seen the positive impact that SCTIE has contributed to the development of Serenity Hills. 

“There are things that we couldn’t have achieved without this support. We look forward to achieving more out of this unity of five years and beyond, as nothing can be achieved without these positive collaborations,” Msengeni shared. 

Paul Tedder noted that they were honoured to be in such an enriching partnership. Tedder said, “Umdoni Point Coastal Lifestyle Village is proud to be part of this exciting collaboration as we move forward together on an impactful journey. Together, we have already begun turning our shared vision into reality, and we are confident that, as a united team, we will continue to achieve great things over the next five years and beyond.”

ALSO READ: SCTIE continues to grow tourism investment potential on KZN South Coast

Requirements outlined in the MOU

The memorandum of understanding (MOU), valid until December 31, 2029, commits the parties to working together to unlock the full potential of three key property developments, while promoting economic transformation and regional well-being.

Under the MOU, both parties agree to:

• Foster cooperation and build a sustainable, integrated partnership;
• Collaborate to drive economic growth, job creation, and poverty alleviation by maximising  development and tourism opportunities in the area; and
• Provide mutual support to achieve each party’s development goals.

As part of the agreement, SCTIE will help connect the developers with strategic partners, including private sector and government entities, that can add value to the project. SCTIE will also assist in securing necessary consents and approvals from all levels of government to fast-track development and position the area as development-friendly.

In addition, SCTIE will promote and market the developer’s activities across suitable platforms to maximise exposure for the region. In return, they will receive regular updates on ongoing and upcoming projects, as well as supply marketing material when needed to support SCTIE’s promotional efforts.

SCTIE is mandated to unlock the full tourism and investment potential of this region, with property highlighted as a key investment sector. The three property developments are already showing significant interest.

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