The City of Durban has secured FDI amounting to R15.2 billion over the past six years, from 2019 to 2024. Throughout this period, the city has seen a mix of highs and lows in FDI. Since 2024, Durban has reported only one FDI in March from the Mediterranean Shipping Company (MSC), amounting to R134.99 million. This is significantly lower compared to the same period last year when the city attracted FDI worth R927.6 million. In 2023, FDI levels plummeted to R1,308.50 million, a dramatic 76% drop from the previous year, with key projects including Toyota South Africa's renewable energy initiative worth R714.38 million, Netzsch Southern Africa at R326.74 million, and Future Life at R60.29 million.
However, in 2022, Durban experienced an increase in the inflow of investments, reaching an impressive R5,424.22 million a staggering 106% increase from the previous year. This boom was driven by significant projects such as Volvo Trucks South Africa, which accounted for R1,922.10 million, Blue Projects at R426.45 million, and Rhenus Logistics at R355.89 million. Despite the ups and downs, these five years show that Durban can attract a lot of foreign investment, which is good for its economy. The fluctuations highlight the need for a stable environment to keep attracting investors and sustaining growth.