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Tourism SBU INFORMATION AND AWARENESS WORKSHOP Johannesburg Tebatso Matlala. 18 March 2014. Introduction. Sectors covered by SBU:. Accommodation : hotels, guest houses, game lodges (efficiency of room size currently under review)

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tourism sbu information and awareness workshop johannesburg tebatso matlala

Tourism SBU INFORMATION AND AWARENESS WORKSHOPJohannesburgTebatso Matlala

18 March 2014

introduction
Introduction

Sectors covered by SBU:

Accommodation: hotels, guest houses, game lodges (efficiency of room size currently under review)

Niche Tourism: adventure & sports tourism, business tourism, attractions (including theme parks and natural attractions), health tourism.

Exclusions: stand alone restaurants (unless linked to an attraction), casinos and gambling facilities, property development, timeshare/fractional developments.

SBU Approach to development of these sectors

  • Aligning activities with industry goals as indicated in National Tourism Sector Strategy and IPAP2/NGP
  • Proactive development of projects in subsectors through identifying potential projects, project scoping, pre-feasibility and feasibility studies.
  • Assessment and funding of applications as received
  • Support for the dti programs in some subsectors (Arts and Crafts, backpackers, avitourism)
  • Active participation and sponsorship of industry events (HICA, Sports Exhibitions, Imvelo)
financing products
Financing Products
  • IDC offers a wide array of financial instruments, including:
      • Equity
      • Quasi-equity
      • Commercial debt
      • Guarantees
  • These may be provided as a single facility or in combination
  • R3 mminimum loan amount and financial contribution of between 40%-50% from the shareholders
slide4

HIGH DEVELOPMENT RING FENCED FUNDS

Development Funds Department

IDC Business Support Unit

R 100 m

R2bn

€47m

R 1 bn

R10bn

Isivande Women’s Fund (IWF)

Unemployment Insurance Fund (UIF)

GRO – E - SCHEME

Transformation and Entrepreneurial Scheme (TES)

Risk Capital Facility (RCF)

financing criteria

Consider funding of start-ups, expansions and refurbishments

  • Project must demonstrate significantdevelopment impact
  • Securityis tailored to the transaction and may include personal suretyship, corporate guarantees, bonds over fixed and movable assets, pledge and cession of shares
  • Comprehensivebusiness planmust be submitted.
Financing Criteria
financing criteria1
Financing Criteria
  • Focused management team with ability to adapt to market forces
  • Product specifications to be in line with intended grading with upfront input from management and marketing company
  • Approved buildings plans and building cost estimates prepared by a QS
  • Clearly defined marketing strategy in terms of product offering, target market, key success factors
  • Financialcontribution of at least 40%from the shareholders
thank you

Thank you

Industrial Development Corporation

19 Fredman Drive, Sandown

PO Box 784055, Sandton, 2146

South Africa

Telephone (011) 269 3000

Facsimile (011) 269 3116

E-mail callcentre@idc.co.za