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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 />

82

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