- Title
- Financing sustainable cities in South Africa
- Creator
- Ducie, Gregory Justin
- Subject
- Sustainable development -- South Africa
- Subject
- Cities and towns -- South Africa -- Economic conditions Finance -- South Africa Developing countries -- Economic conditions
- Date Issued
- 2017
- Date
- 2017
- Type
- Thesis
- Type
- Doctoral
- Type
- PhD
- Identifier
- http://hdl.handle.net/10948/15577
- Identifier
- vital:28273
- Description
- Although directives exist with respect to promoting sustainable development, financial strategies to cater for collective sustainable development, along with an increasing population, need to be formulated relevant to metropolitan and urban areas. This study determined the infrastructure investment basis of a sustainable city to investigate various funding mechanisms resulting in the design of a model for the financing of sustainable cities. For the study, first the various infrastructure investment alternatives were established from the literature, and thirteen themes and their relevant interventions were identified. Tangible and intangible methods of assessment were then identified as ways to calculate the acceptability of an intervention. A case study based on a hypothetical city was developed to determine the infrastructure investment base. Initially, only one intervention of a theme was populated and then confirmed by city development experts. Thereafter, all the themes were populated, and the acceptability of the interventions were determined. This provided an overview of the investment base of a sustainable city. The investment base facilitated deriving applicable tools and instruments to finance it. As a result, possible finance alternatives were derived for each of the identified themes. Although most of the financing of sustainable cities revolved around public sector finance, the private sector also played an important role for the financing of sustainable cities. Based on the investment base for sustainable cities and the resultant financing thereof, a model for the financing of sustainable cities was developed. The model consisted of four components. Firstly, the model included an application of financing tools and instruments relevant to the identified themes of sustainable city development. Secondly, the model included the application of financing tools and instruments with respect to an immediate interventionist focus, a facilitative focus, a gradual intervention and an enabling intervention. Thirdly, the model included financing tools and instrument types in terms of incentive, opportunity, punitive and mandatory interventions. Fourthly, the model included the application of financing tools and instruments with respect to scale in terms of a city-wide application, sector-wide application, urban application or suburban application. In addition, the model included the application of financing tools and instruments and their relation to addressing poverty within the city context. Although the public sector will always remain the key initiator behind infrastructure development, various mechanisms of financing, along with applicable financing partners and the basis of investment, are required to address future sustainable cities. This study may potentially form the basis of that platform.
- Format
- xvi, 368 leaves
- Format
- Publisher
- Nelson Mandela University
- Publisher
- Faculty of Business and Economic Sciences
- Language
- English
- Rights
- Nelson Mandela University
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