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Business FocusBuffalo City Development Agency
INTRODUCTION:
The Buffalo City Development Agency (BCDA) was registered as a section 21 company with the Registrar of Companies under the Companies Act of 1973. It was established in terms of the provisions of the Municipal Systems Act (2000) and the Municipal Finance Management Act (2003). The Agency is governed by a Board and it is administered by a Chief Executive Officer. The Board was appointed in September 2005 and there are three (3) Board members
VISION:
The vision of the Agency is to change the face of Buffalo City Municipality through sustainable socio-economic development.
MISSION:
The mission of the Agency is to increase the prosperity of Buffalo City and its citizens through the identification of under-realised property assets in public ownership and the facilitation of their development by partnerships involving municipal, business and community actors.
The BCDA will undertake these developments in ways that promote the redistribution of economic opportunities, the long term fiscal sustainability of the Buffalo City Municipality and the attractiveness of Buffalo City to tourists and its citizens.
VALUES:
The BCDA upholds the following fundamental values as pillars for success and development:
• Integrity – the Agency is entrusted by the Buffalo City Municipality to facilitate development projects for the city and as such will implement its projects with utmost humility, trust and honesty for the mutual benefit of both the city and the Agency.
• Transparency - the Agency is entrusted with managing public assets and resources and will execute this function in a transparent and accountable manner.
• Equity – the Agency is established within the framework of developmental local government and will promote access and opportunities of previously disadvantaged individuals to participate in the mainstream economy of the city.
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