Renishaw Hills, the thriving, secure lifestyle development situated on the outskirts of Scottburgh on the mid-South Coast of KwaZulu-Natal, has been recognised by President Cyril Ramaphosa for its substantial investment contribution to the region.

The estate was among the ‘infrastructure, property development, and logistics’ initiatives announced as positively contributing towards the country’s investment potential at the 5th SA Investment Conference at the Sandton Convention Centre in April.

To date, R500m has been spent on this 25-hectare Renishaw Hills project out of an anticipated R1b. And this is just the start, as Renishaw Hills is the first development located in the 1 300-hectare, mixed-use Renishaw Coastal Precinct, which will account for a total spend of around R15b upon completion.

A first of its kind in the area and arguably one of the country’s biggest development projects right now, the self-sustaining Renishaw Coastal Precinct will consist of five interconnected nodes, bringing massive socio-economic benefits to local communities and to the country. The entire precinct is expected to bring around 2 500 residential options to the mid-KZN South Coast, accommodating roughly 7 500 people and creating thousands of job opportunities along the way.

Having been congratulated on stage by President Ramaphosa, the MD of Renishaw Coastal Precinct, Barto Van Der Merwe, said they were honoured to receive acknowledgement at this level.

“We believe this will finally unlock the economic potential of the mid-KZN South Coast. The investment value of this precinct is immense, but we are equally excited about the incredible boost the region will enjoy through job opportunities, improved infrastructure, and increased property value.”

The success of Renishaw Hills and the anticipated success of Renishaw Coastal Precinct bodes well, not only for the region but for the country as well. Van Der Merwe said there are three important reasons why such infrastructure and development investment is so beneficial. These are economic growth, tourism, and property.