IDEAS home Printed from https://ideas.repec.org/p/afr/wpaper/2022-034.html
   My bibliography  Save this paper

Integrating Land Value Capture Into Infrastructure Investment Planning In South Africa: A Local Government Framework

Author

Listed:
  • Faranani Gethe
  • Prisca Simbanegavi

Abstract

South Africa experiences fiscal constraints and economic contraction as a major hindrance to delivering the much-needed infrastructure development to meet the needs of a growing population and rapid urbanisation. The traditional method of funding infrastructure development by the government is overwhelmed and there is an urgent need to use alternative funding models such as Land Value Capture. Currently, this process is disintegrated in South Africa, therefore the aim of this study is to draw up guidelines towards the successful implementation of Land Value Capture using planning gain and investment theories. To do this the study analyses key relevant documents such as South African legislation and policy documents to make a comparison between conceptual guidelines developed and the findings of the document analysis. The study adopted a qualitative method in which five key relevant documents were randomly selected based on conceptual framework and research questions and analysed using content analysis and the conceptual guidelines are used as themes. Findings from document analysis are discussed how they compare, support and conflict with conceptual guidelines to draw up a more refined and evidence-based guidelines towards successful implementation of Land Value Capture. The relevance of this study lies in the fact that the South African government need to expedite infrastructure developments previously curtailed by apartheid systems. As urbanisation rises rapidly, the South African government is required to find effective ways to drive economic growth that is anchored in the imperatives of inclusive cities. The paper finds that there is significant inconsistencies on how LVC is currently being implemented (according to the document analysis) and how the conceptual framework in this study appraise it to be implemented, it further recommends a guideline towards successful implementation.

Suggested Citation

  • Faranani Gethe & Prisca Simbanegavi, 2022. "Integrating Land Value Capture Into Infrastructure Investment Planning In South Africa: A Local Government Framework," AfRES 2022-034, African Real Estate Society (AfRES).
  • Handle: RePEc:afr:wpaper:2022-034
    as

    Download full text from publisher

    File URL: https://afres.architexturez.net/doc/oai-afres-id-2022-034
    Download Restriction: no

    File URL: https://afres.architexturez.net/system/files/afres-2022-fp-10.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Government affordability; Land Value Capture; Public-Private-Partnership; Value Creation; Cost recovery; Infrastructure investments; Local government.;
    All these keywords.

    JEL classification:

    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:afr:wpaper:2022-034. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Architexturez Imprints (email available below). General contact details of provider: https://edirc.repec.org/data/afresea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.