QUARTERLY ECONOMIC AND BUSINESS REPORT-PIETERMARITZBURG And UMGUNGUNDLOVU DISTRICT (Report 2&3)
Pietermaritzburg and the uMgungundlovu District have achieved remarkable growth in economic activity during 2003 and 2004. Business confidence is also very favorable at present. What is particularly encouraging is that the benefits of the performance of the local economy have not only accrued to a select few, but that more and more people are experiencing the benefits. One must, however, recognise that there is still a large number of people that have not experienced these benefits, but the longer the local economy can sustain the past performance the higher the possibility that even more people will experience these benefits in the future.
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