When the public and private sectors work together, communities thrive
Tongaat Hulett Development invites investors to help empower and enhance South African communities
Coordinated public investment in public and economic infrastructure can transform township economies and catalyse private sector investment. This was emphasised in former finance minister Malusi Gigaba’s 2018 Budget speech when he referred to the Bridge City hub, north of Durban in KwaZulu-Natal, as an example of a successful public-private partnership leading to social and economic transformation. At Tongaat Hulett Developments, we are proud of the Bridge City precinct and what our collaboration with the eThekwini municipality and provincial authorities is achieving, but this is only one of several developments achieving significant upliftment through urban planning and the mobilisation of private capital. At its heart, the nature of a mixed-use development is one of the single most transforming, uplifting, empowering, innovative, opportunity-creating and value-producing basic urban principles. When we speak of mixed-use property developments, we are referring to “mixed” in a much ...
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