Cost-Benefit Analysis


August 5, 2020

The Planning Initiative (TPI) was appointed by the eThekwini Municipality to undertake an exercise of mapping development projects spatially. The overall project called for the consolidation of various projects contained within the City’s Durban Investment Dashboard and Catalytic Projects databases, as well as projects contained with a Construction Database, and thereafter, to map each of these projects including factors such as project area (hectares), number of units, project status, and the economic impact of each. Lumec was appointed by TPI to provide support by identifying the economic impact of each of the projects in terms of Gross Domestic Product (GDP), employment and taxes. The project resulted in a set of maps that located each of the major development projects within the City along with the abovementioned factors.

KZN regional multipliers were used in order to standardise the GDP, employment and tax information across the projects provided.  In total, the projects included are expected to contribute approximately R300 billion to GDP, 1.3 million jobs, and R93 billion in taxes to the KwaZulu-Natal economy (of which more than half the impact would be felt within the eThekwini economy).



November 15, 20170

LUMEC undertook an assessment of the I Heart Market in Durban in order to determine the impact that the market has had on traders, their development, turnover, supply chains, and employment. The assessment will assist the market owner to gain further support to grow the market and the SMMEs that it supports.

 



November 15, 20160

LUMEC undertook an impact assessment for DBNxFST, an extreme sports festival hosted on the Durban beachfront every year. Information was sourced from the event organisers and sponsors, and surveys were undertaken with spectators and participants in order to gauge the impact that the festival has on Durban as well as the perception of spectators, participants, and sponsors.