Urban Development Zones (UDZs) In Johannesburg Inner City

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An Investigation of the Perceptions of the Stake Holders on the Impacts of the UDZ Tax Incentive on Property Development

South Africa, like most countries world over, has undergone and continues to suffer from urban decay in varying stages.

The inner city of Johannesburg is considered as one of the most decayed cities in South Africa.

To this end, urban regeneration strategies based primarily on international models have been introduced and implemented in South Africa.

The Urban Development Zone (UDZ) tax incentive is one such strategy.

It was introduced as a post apartheid strategy to regenerate the inner cities of 16 municipalities, Johannesburg being one of them, by enhancing private investment.

This book therefore provides the perceptions of the stakeholders on the impacts of the UDZ tax incentive on property development in Johannesburg inner city.

The stakeholders included policy makers (officials from Johannesburg Development Agency, JDA, Johannesburg Property Company, JPC and Johannesburg Metropolitan Municipality) and property developers active in Johannesburg inner city.

The analysis of this research shed light on a number of issues and should be useful to professionals and scholars in the town planning, policy development and urban regeneration sectors.

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