KCT was founded by the City of Cape Town in 2003 to develop commercial, residential and community facilities in Khayelitsha. These developments help generate economic opportunities and uplift the lives of residents. The Trust, previously a municipal entity, now trades as a non- profit organisation. A Land Availability Agreement (LAA) entered into between the City and KCT, allows KCT to assist with the KBD development and hold equity in associated developments, the returns of which are used in other developments.
- KCT’s strategic partnerships with key stakeholders
- The community benefits from all improvements made in Khayelitsha. As this directly contributes to the social and economic empowerment
- KBD has a very strong muti -sectoral impact
- Additionally, to the trustees that were originally appointed by the City of Cape Town, the community is also represented on the board of trustees by elected members of the KDF
- Preferential arrangement as prescribed in the Land Availability Agreement giving access to land at preferential rates
- In addition to KCT’s status as a community trust, it has also put in place sound corporate governance. Therefore, transparency is key to its operations and planning
- To resolve with the City of Cope Town impasse pertaining to the Land Availability Agreement in order to enable implementation of all planned projects.
- To ensure that the housing project in the Khayelitsha Central Business District (‘KBD’) provides housing that meets the demand and preferences of residents of Khayelitsha and is competitively priced and
- To capacitate KCT and its commercial arms to ensure that they are able to plan, implement and deliver projects and services required by and for the community of Khayelitsha.
- To enhance the KBD by developing infrastructure, facilities and amenities that provide business operations, public services, and recreational activities for Khayelitsha residents
- To continue to improve the functionality of the Retail Centre and improve retail offering in the CBD
- To ensure human capital development programs are put in place to augment the local community entrepreneurial skills levels.
To raise additional funds to achieve the above and to pay off outstanding loan amounts loaned to the Trust
HOW KCT’s VALUE IS MEASURED
In providing an understanding of the Trust’s values based on the five pillars of the City of Cape Town’s Integrated Development Plan (IDP), which are: