Real Estate Investor Magazine South Africa April 2018 - 100th Issue! | Page 46
INVESTOR INTELLIGENCE
When Public and Private
Sectors Meet
Collaboration benefits communities
T
MICHAEL DEIGHTON
Michael Deighton is the
Managing Director at Tongaat
Hulett Developments. Mike has
overall responsibility for the
conversion of Tongaat Hulett’s
key strategic landholdings
from agriculture to urban and
tourism uses over time.
44
he transformative potential of
coordinated public investment
in reviving township econo-
mies through public and economic
infrastructure investments and cata-
lysing private sector investments was
emphasised in the Budget Speech
2018 by then Finance Minister Malu-
si Gigaba as he referred to Bridge City
in KwaZulu-Natal.
At Tongaat Hulett, we are proud of
the Bridge City precinct and what our
collaboration with the eThekwini Mu-
nicipality and provincial authorities is
achieving, but this is only one of sever-
al developments achieving significant
upliftment through urban planning
and mobilising private capital.
A different way of thinking
Mixed use precincts are fundamental
to urban social and economic transfor-
mation. At its heart, the mixed nature
of urban use is one of the single most
transforming, uplifting, empowering,
innovative, opportunity-creating and
value-producing basic urban princi-
ples.
We are in a unique position to work
to the benefit of all stakeholders. But
key to this is to work side-by-side with
the local authorities. eThekwini has a
land use spatial framework and we ac-
APRIL/MAY 2018 SA Real Estate Investor Magazine
tively collaborate with the municipali-
ty and other authorities to achieve the
best