Re-thinking the role of regional development funds in South Africa: Reflections on international experience
In 2010 the national government actively considered the introduction of a regional development fund to support the objectives of regional development in South Africa. Against this backdrop, this article critically reviews the historical application of regional incentives under apartheid and the recent international application of regional development funds. It is argued that a narrow focus on regional incentive funds represents an element of the ‘old’ paradigm of regional theory and regional development practice. In addressing the widening imbalances that exist in the space economy of contemporary South Africa it is prudent to link the application of ‘regional development funds’ to the modern paradigm of regional development planning. Within this framework, the regional development fund is no longer simply an enterprise-oriented fund centred on manufacturing. Instead, the regional fund is re-defined as a channel for supporting wider comprehensive interventions across multiple sectors and targeted to build regional competitiveness.
How to Cite
Copyright: Copyright is transferred to the author(s) when an article is accepted for publication.
Publishing rights: When an author/s publish an article in Town and Regional Planning, the author/s enter into a non-exclusive publishing agreement. This means that author/s may upload a second copy to institutional repositories.
All articles are published under a Creative Commons Attribution Licence (CC BY 4.0); readers are welcome to reproduce, share and adapt the content without permission provided the source is attributed.
Disclaimer: Views and opinions expressed in this article are those of the author(s). Publication thereof does not indicate that the Editorial Staff or the University of the Free State accept responsibility for it.