Volume II - The Northern Cape Provincial Spatial Development ...

Volume II - The Northern Cape Provincial Spatial Development ... Volume II - The Northern Cape Provincial Spatial Development ...

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KEY ASPECTS OF SUSTAINABLE DEVELOPMENT INITIATIVE (SDI) An over‐arching socio‐economic development and environmental rehabilitation strategy that is enabled and funded through the utilization of the resources (capital) vested in a defined area consistent with the international definition of sustainable development. It capitalises on the efficient use of resources for the benefit of the developer, affected local communities and the environment. SDIs should be undertaken in close collaboration with the LED Forums and be supportive of LED objectives. The over‐arching objective of the SDI approach is to promote sustainable development through the following: Ensuring that large‐scale resource use contributes, in a sustainable manner, to socio‐economic growth and environmental rehabilitation. Building upon and promoting the comparative economic advantages of the area within which the SDI is undertaken. Unlocking the latent value of the land available for the core projects of the SDI. Utilizing the natural resource base in a sustainable manner. Ensuring an acceptable return on capital invested by the core project investors. Ensuring that local communities are recognised as partners in the planning and development process. Provincial Spatial Development Framework/Development & Resources Management Plan 32

CONCLUSION PSDF provides for the following: a) Directives pertaining to the desired scale, format and location of development. b) Directives for development and use of capital for the benefit of all inhabitants. c) Opportunities for innovative land use as a primary economic driver. d) Opportunities for public/private/community partnerships for the promotion of LED. e) Promotion of all economic sectors. f) Certainty regarding the future development of the Northern Cape and its component places. g) Protection and enhancement of the interests of all property owners. PSDF aims to provide ……’ incentive and security for investment’……. ….capital flows to opportunity, stability and quality !!!…. Page 33

KEY ASPECTS OF SUSTAINABLE DEVELOPMENT INITIATIVE (SDI)<br />

An over‐arching socio‐economic development and environmental rehabilitation strategy that is enabled<br />

and funded through the utilization of the resources (capital) vested in a defined area consistent with the<br />

international definition of sustainable development.<br />

It capitalises on the efficient use of resources for the benefit of the developer, affected local<br />

communities and the environment.<br />

SDIs should be undertaken in close collaboration with the LED Forums and be supportive of LED<br />

objectives.<br />

<strong>The</strong> over‐arching objective of the SDI approach is to promote sustainable development through the<br />

following:<br />

Ensuring that large‐scale resource use contributes, in a sustainable manner, to socio‐economic<br />

growth and environmental rehabilitation.<br />

Building upon and promoting the comparative economic advantages of the area within which the<br />

SDI is undertaken.<br />

Unlocking the latent value of the land available for the core projects of the SDI.<br />

Utilizing the natural resource base in a sustainable manner.<br />

Ensuring an acceptable return on capital invested by the core project investors.<br />

Ensuring that local communities are recognised as partners in the planning and development<br />

process.<br />

<strong>Provincial</strong> <strong>Spatial</strong> <strong>Development</strong> Framework/<strong>Development</strong> & Resources Management Plan<br />

32

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