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Charting the Uncharted

The Entrepreneurs Remodelling Township Property Markets

Article image

Lee Middleton

01 January 2020

Development Action Group

English

uKESA Librarian 2

Case study

South Africa

This case study delves into the regulatory and financial hurdles faced by micro-developers seeking rezoning in the City of Cape Town (CoCT). It stresses the need for improved communication on rezoning requirements and calls for expedited overlay zones and potential subsidies. The study emphasises the necessity for local authorities to simplify planning approval and standardise support across all District Planning Offices, advocating for consistency in policies and application processing times.

Financial considerations are addressed, with recommendations for securing adequate finance, disbursing it efficiently, and introducing financial instruments like bridging and equity finance. Collaboration with various professionals and institutions is encouraged, highlighting the importance of early engagement and skills development in the micro-development sector. In summary, this case study offers insights into overcoming regulatory and financial challenges, fostering collaboration, and promoting sustainable micro-development in the CoCT.

 

Abstract based directly on source.

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Website References

Accommodation

Affordable housing

Built environment

Business

Cape Town

Construction

Development

Economic development

Finance

Governance

Human settlements

Land

Law

Livelihoods

Local economic development

Local government

Microfinance regulation

Planning

Policy

Poverty & inequality

Property market

Social development

South Africa

Sustainability

Urban

Zoning

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