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A Developer's Guide to Investing in Tourism Projects

3^rd EDITION

The purpose of this Developer's Guide to Investing in Tourism Projects in KwaZulu-Natal is to introduce the prospective investor to:

• The economy and geography of the province. The reader is given an introduction to the province which highlights some of the competitive advantages enjoyed by KwaZulu-Natal.
• The key characteristics of the domestic and international tourism industry in South Africa and KwaZulu-Natal. This includes an introduction to the national and provincial tourism authorities, in addition to looking at accommodation, food and beverage, casinos and gambling, and sports-, cultural- and ecotourism sectors of the market.
• The business environment in South Africa and KwaZulu-Natal. The Developer's Guide addresses taxation issues and labour relations in detail.
• The procedures involved when making land development applications. This section also includes a review of existing, recently introduced and proposed new legislation affecting land development, whether it be in a rural, urban or conservation area.
• Key role players and stakeholders in the province, especially those involved in the tourism industry. The appendices of this guide book include a list of contact names and addresses.

This Developer’s Guide does not claim to be a comprehensive step-by-step manual for investors in tourism in the province. Rather it provides an introduction to the many facets of the tourism industry. In these changing times, information can quickly become dated, hence the prudent investor will make use of the contact list provided in this guide, in order to communicate ideas and discuss intentions with consultants, tourism experts and government officials, and to learn of new developments.

South Africa is a country which is currently in a state of change. At both national and provincial level, Parliament is busy reviewing, changing, repealing and introducing new legislation. For the prospective investor in the KwaZulu-Natal tourism industry, the most noteworthy changes relate to:

• Labour legislation;
• Tax laws;
• Exchange control regulations; and
• Land development legislation.

In some instances changes are effective immediately. Alternatively new legislation is phased in over a period of time, and no clear cut indication is given as to when the old legislation will be repealed. In many instances existing and new legislative acts are planned to run in parallel for a time.

While the authors of this guide have endeavoured to include the most recent information, it will nevertheless soon become outdated. Although the publisher intends to update and revise this Developers’ Guide on a regular basis, the authors will be hard pressed to keep up with the fast pace of change in the new South Africa.

Every effort has been made to ensure the accuracy of this publication at the time of production. The KwaZulu-Natal Tourism Authority, the publisher, Graham Muller Associates CC, the authors, the editors and the printers do not accept responsibility for any omission, act, cost, loss, damage nor for the consequence thereof occasioned by reliance of any person or corporate entry upon the contents of this publication.

Chapter 1: An Introduction to KwaZulu-Natal

Chapter 2: The Tourism Industry - Key Characteristics
 

Chapter 3: Tourism Principles and Practice

Chapter 4: Tourism Business Environment

Chapter 5: Foreign Investment

Chapter 6: Labour Relations

Chapter 7: Land Development Application Procedures

APPENDIX: Useful Addresses and Contacts
 

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