South African Shipyards (SAS) is a shipbuilding and repair company operating from the Port of Durban. The company was established in the 1960s and is the only black-owned and managed shipyard in South Africa.
In 2010 SAS came to the KZN Growth Fund to secure funding for its proposed expansion plans and through our investment SAS was able to successfully complete the expansion; stimulating growth and job creation in the surrounding community.
Project particulars:
- R42,7 million invested by the KZN Growth Fund
- Part of the funding went into securing one of only two privately owned floating docks in SA
- The floating dock has the capacity to launch vessels up to 5000 tons
- The SAS employs about 270 people and this increases with each additional contract secured
- In line with the KZN Growth Fund mandate, SAS plays a significant role in employment creation, job preservation and skills development in KwaZulu-Natal
