, Volume 39, Issue 1, pp 97-104

The private sector and local economic development in South Africa

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Abstract

The objective in this paper is to analyse private sector involvement in LED in South Africa. Four key spheres of private sector involvement in LED are identified and discussed: (1) as participator and occasional initiator of local development processes, (2) as major partner in the development activities of public-private sector partnerships, (3) as lead role player in certain direct initiatives for reviving South Africa's inner cities, and (4) as promoter and facilitator of local small business development. It is argued that the concept of local dependence could be usefully applied to interpret private sector involvement in LED in South Africa.