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n AfricaGrowth Agenda - Alternative financing structure for greening South African cities

Volume 17, Issue 3
  • ISSN : 1811-5187

 

Abstract

The National Development Plan compels all cities to create sustainable environments for their communities (RSA, 2012: 37-38). However, the challenge throughout South African cities is the lack of f inances needed to provide the green infrastructure required to drive the sustainable cities agenda, while cleaning up the environment (SANC, 2016: 198-199). Therefore, this paper follows a qualitative, literature-based approach to discuss alternative financing models which include private investors as well. Obviously, as per literature a self-funding municipality could result in cost savings and/or the attraction of outside investment which might be a good idea for South Africa considering its current economic status. However, it seems that in the current situation South African municipalities do not have the finance to kick-start such a process. Therefore, based on satisfactory results from a collaboration between Singapore and China on the transition of greening its cities since 2009, an alternative financing structure for greening South African cities is proposed. This may serve as a guiding tool for policy makers on greening South African cities.

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/content/afgrow/17/3/ejc-afgrow_v17_i3_a
2020-07-01
2021-01-17

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