Final Adopted IDP - KZN Development Planning
Final Adopted IDP - KZN Development Planning
Final Adopted IDP - KZN Development Planning
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• Local Community Tourism Organisation<br />
• Tourism Forum for the Municipality<br />
Accommodation for tourists is provided by the Ulundi Holiday Inn (three star hotel),<br />
bed and breakfast operations, guest houses, lodges and camping sites.<br />
Promotion of SMMEs and Cooperatives<br />
The KwaZulu-Natal Department of Economic <strong>Development</strong> and Tourism has embarked on<br />
a number of initiatives to assist the development of emerging entrepreneurs:<br />
• Access to Finance – The Department has entered into an agreement with three<br />
banking institutions (Standard Bank, ABSA and Ithala Bank) to establish a joint<br />
SMME fund to assist with finance for small businesses. Contribution to this fund<br />
is on a 50 / 50 basis – the Department contributes 50% and the banking<br />
institution the remaining 50% - and it is left to the banking institution to handle<br />
all finance arrangements with the beneficiaries of this programme.<br />
• Access to Markets – By being visible through the attendance of the Department<br />
at SMME fairs and Business fairs, the opportunity is created for small enterprises<br />
to have their products marketed to a large potential customer base.<br />
Municipalities are invited to partner with the Department in the establishment of<br />
a presence at these fairs and, while promoting the SMME sector also have the<br />
opportunity of promoting the unique features of its municipal area<br />
• Training and Capacity Building – The Department provides opportunity to<br />
members of the SMME sector to attend training courses offered by FET Colleges<br />
at no cost. Courses offered include financial management, business management<br />
and courses relating to specific technical disciplines.<br />
The needs of agricultural cooperatives within the Ulundi municipal area are provided for<br />
by the <strong>KZN</strong> Department of Agriculture while, in general, any non-agricultural<br />
cooperatives will make their approach for funding to Ithala Bank. As regards funding<br />
for SMMEs and cooperatives the primary challenge is to comply with the requirements<br />
of the bank before funding can be made available. Generally the applicant is requested<br />
to prepare and present a business plan as support to the funding request which is beyond<br />
the capacity of the majority of individuals and cooperatives that comprise this<br />
particular sector.<br />
The national Department of Energy has embarked on an initiative known as the<br />
Integrated Energy Programme. An Integrated Energy Centre (IeC) is a one-stop energy<br />
shop owned and operated by a community cooperative and organised as a community<br />
project. It provides energy solutions to communities and access to affordable, safe and<br />
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