The purpose of this article is to table the nature of investment climate through a perspective of public investment. The investment climate of a city is the responsibility of the city’s municipal management (Biyase & Rooderick, 2018). Thus, this article provides insight into public investment in order to highlight the public sector’s role to ensure a good investment climate. The article focuses on KwaZulu-Natal secondary cities, particularly Newcastle and the City of uMhlathuze (Richards Bay). This article followed a qualitative approach. Data was collected through semi-structured interviews. Thematic data analysis was adopted with the aid of NVivo version 12. Analysis and interpretation of the result are presented through models developed from NVivo. The key finding of this article discusses investment climate in secondary cities through the lance of the public sector’s role in attracting investment by packaging effective investment incentives, planning and executing programs and projects to attract and retain investment, and targeting countries for inflow foreign direct investment based on the city’s sectors, not political diplomacy. Moreover, key findings reveal that each of the identified cities has autonomous independence to package their own investment incentives to advance their investment climate. Respondents pointed out that Richards Bay has an industrial development zone that is aimed at attracting investors across the globe. Furthermore, respondents highlighted that the city has investment incentives, but they are not applicable to the city.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.
hi@scite.ai
10624 S. Eastern Ave., Ste. A-614
Henderson, NV 89052, USA
Copyright © 2024 scite LLC. All rights reserved.
Made with 💙 for researchers
Part of the Research Solutions Family.