The overall objective of the KCT is the upliftment of Khayelitsha.  One of the biggest projects undertaken in order to achieve this goal was the development of the Khayelitsha Business District (KBD).

This was achieved by the KCT in the following manner:

1. We acquired land and development rights;
2. We established a development entity/entities to implement the development;
3. Through and with other parties, we procured community facilities;
4. Through and with other parties, we procured the promotion, facilitation and support access to the land and use of the land;
5. We procured the management of the KBD;
6. We introduced and implemented an empowerment strategy;
7. We raised funds and continue to raise funds to achieve the above;
8. We have determined the terms and conditions and manner in which surplus funding will be distributed/ invested.

But the objectives of KCT stretch beyond the development and management of the KBD, to empower and uplift the greater Khayelitsha area.

So we continue to ensure that our business planning is strategic and that the Trust and its investment companies become financially self-sustaining. This allows any additional revenue to be used in the funding of other socio-economic development initiatives in Khayelitsha.

As such, we have formulated short, medium and long-term goals.

Short term (one to three years) objectives

1. To capacitate the institutional structures to ensure that there are human resources in place for strategic planning, implementation, monitoring and evaluation and accountability procedures;
2. To improve collaboration with other relevant stakeholders, including the CoCT, URP, VPUU, Intersite, RMB, KDF and others (potential funders and partners);
3. To ensure that KCT is compliant with its existing contracts and has the necessary strategies in place to meet its core mandate;
4. To finalise a development framework for Phase 2 of the KBD that meets market demand and optimally utilises available bulk.

Medium term (three to eight years) objectives:

1. To finalise the construction of Phase 2 of the KBD;
2. To pay off outstanding loan amounts as efficiently as possible;
3. To maintain a creative and strategic approach to partnerships and collaboration agreements with Khayelitsha-relevant stakeholders;
4. To maintain an up-to-date community needs profile of Khayelitsha and match this with initiatives of KCT and/or other stakeholders in the area.

Long term objectives:

1. Maintaining a hands-on approach to development in Khayelitsha
2. Ensuring the sound fiscal management of the KBD properties
3. Overtime becoming debt-free and self-sustaining financially, investing in further developments and programmes which align with the primary objective of KCT to alleviate poverty in Khayelitsha

We know that our project is an ambitious one and we rely heavily on support and partnership from investors and the community of Cape Town!

Alignment with the city of Cape Town’s Integrated Development Plan (IDP)

The development of the Khayelitsha Business District (KBD) is closely aligned to the City of Cape Town’s seven strategic focus areas as expressed in the City’s Integrated Development Plan (IDP):

1. Shared economic growth and development
2. Sustainable urban infrastructure and services
3. Public transport systems
4. Integrated human settlements
5. Safety and security
6. Health, social and human capital development
7. Good governance and regulatory reform