The Khayelitsha Central Business District Development Project is a joint initiative of the City of Cape Town and the Khayelitsha Community, financed by Rand Merchant Bank.

Thanks to an innovative institutional framework – which includes the Khayelitsha Community Trust (KCT) – we are guided by the core values of community participation and upliftment in the fulfillment of our KBD development objectives.

Our partners are:

The City of Cape Town for the grant for operations as well as the capital budget allocation for each financial year, which funds service delivery on the KCBD land
CoCT for making available its capable personnel to guide and support the Trust in executing its mandate

The Development Bank of South Africa for seed funding to develop a business case to be sold to RMB and other banking institutions in South Africa

Subsidiaries:

• First Rand Bank Limited; via the Rand Merchant Bank division
• KBD Retail Properties (Proprietary) Limited
• KBD Management (Proprietary) Limited
• KBD Management (Proprietary) Limited – “KBDManco” – and KBD Retail Properties (Proprietary) Limited have taken joint responsibility for the development and management of the retail centre in Khayelitsha on behalf of the Trust.

In addition, the Khayelitsha Community Trust is registered with seven trustees who represent the community of Khayelitsha.

We would like to take this opportunity to thank our partners and investors for their generosity and continuous support. Without you, the KBD Development Project – and, indeed, the Khayelitsha Community Trust – would not be possible, and we would never have been able to achieve so much in terms of improving the lives of people in Khayelitsha.