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African Renaissance Conference 2017

                                                  

     

    Developing KwaZulu-Natal through Private Public Partnerships

    The past decade has seen a significant increase in the use of the public-private partnership (PPP) for African development projects.   A recent Nepad Policy Focus Series paper defined a PPP as, ‘a contract between a public sector institution and a private party, in which the private party assumes substantial financial, technical and operational risk in the design, financing, building and operation of a project”.

    According to the South African National Treasury, through PPPs the public gets better, more cost-effective services; the private sector gets new business opportunities. Both are in the interests of the nation. Indeed future infrastructure development throughout Africa may very well depend upon successful PPPs.  

    Tongaat Hulett together with the eThekwini Municipality, the provincial government of KwaZulu-Natal and the National Government has established a number of successful private public partnerships. Apart from creating employment opportunities in their initial stages, these projects will benefit the ongoing socio-economic growth of the province to the benefit of its people.