TOWARDS SUSTAINABLE FINANCING OF PROTECTED AREAS: A CASE STUDY OF THE SWAZILAND NATIONAL TRUST COMMISSION
Cliff Dlamini
WWF South Africa, Table Mountain Fund

 

Abstract
Conservation of biological diversity is one of the main elements of sustainable development, given its economic, financial, social, cultural, environmental and ecological benefits. The current and potential role of Protected Areas in biodiversity conservation cannot be overemphasized. The objective of the study was to provide protected area managers with financing innovations to move towards a state of sustainable financing, including methods to improve and diversify funding sources. The study design was a case study that followed a qualitative research methodology where a purposive sample of various levels of management of the Swaziland National Trust Commission’s (SNTC) Protected Areas was selected for interviews. It can be concluded that the SNTC has great potential for the conservation of the natural and cultural heritage in Swaziland, as well as venturing into tourism. However, the SNTC is faced with financing challenges and needs interim models to ensure sustainable financing through the transition phase (restructuring and commercialisation) which might take a long time. Seven recommendations were made. These are: development of a sustainable tourism framework; adopting a business approach; embarking on a joint natural product enterprise development; designing a set of criteria for a viable marketing strategy; considering project finance as an option; developing investment proposals; and a theoretical framework for long-term financing of SNTC’s protected areas
Presentation Topic
TOWARDS SUSTAINABLE FINANCING OF PROTECTED AREAS: A CASE STUDY OF THE SWAZILAND NATIONAL TRUST COMMISSION
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