Alternative financing model for disaster risk reduction in South Africa
This research aims to develop a new model for disaster risk management funding in South Africa which included both disaster reduction and disaster relief and recovery components. It states that the current funding model for disaster risk reduction within Government as well as the private sector does not optimally make provision for the dynamic risk profile of South Africa and its diverse public financial management system.
The following questions guided the research: (i) What are the problems associated with current disaster risk reduction funding mechanism; (ii) Is the funding mechanism adequate and effective; (iii) What are the feasible alternative funding mechanisms for disasters in South Africa; (iv) Is there a space for risk sharing and public-private partnerships; and (v) Are the institutional, policy and legislative frameworks for funding disasters adequate and effective in South Africa?
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