Economy
The Durban Metropolitan Area (DMA) has a large and diversified economy with strong manufacturing, tourism, transportation, finance and government sectors. Its coastal location and large port gives it comparative advantage over many other centres in South Africa for export-related industry. Durban's subtropical climate, warm marine current and culturally diverse population has also provided a drawcard for tourism to the region.
Durban remains the third richest city in South Africa.
The city has revitalised its inner areas with the new Durban Point Waterfront development south-east of downtown sporting uShaka Marine World and many new residential and leisure developments. It is hoped efforts by the city to clean up the business district, new developments in Point and the 2010 FIFA World Cup stadium north of the CBD (Moses Mabidha Stadium) will aid in the economic turnaround. In 2010 Durban was rated a Gamma Class World City.
Read more about this topic: Durban
Famous quotes containing the word economy:
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—Ralph Waldo Emerson (1803–1882)