- Title
- The role of the Development Funding to promote Local Economic Development in the Sarah Baartman District
- Creator
- Kosi, Mlungiseleli Edward
- Subject
- Economic development -- Environmental aspects -- South Africa -- Eastern Cape
- Date Issued
- 2020
- Date
- 2020
- Type
- Thesis
- Type
- Masters
- Type
- MDS
- Identifier
- http://hdl.handle.net/10948/48698
- Identifier
- vital:41060
- Description
- This study concentrated on the role of development funding to promote Local Economic Development (LED) in the Sarah Baartman District (SBD). Although the research discussed the funding institutions available for Small-, Medium- and Micro- Enterprises (SMMEs) in general, the main focus of this study was the Local and Regional Economic Development (LRED) Grant Fund, which is solely established to support SMMEs in the Eastern Cape. A qualitative study was undertaken in the SBD that targeted two semi-rural municipalities in the Karoo. The Dr Beyers Naude and Koukamma Local Municipalities were targeted for this research. Both municipalities are semi-rural and located in the Karoo. The study found that in order to realise sustainable economic growth, LED must be encouraged and supported within the local space. The literature review encouraged the employment of participatory development as well as addressing issues of social structures as they reinforce limitations on growth and exposure. The District Development Model (DDM) highlights the coordination of Government programmes to a district. The model also significantly devolves Government functions and structures for integrated planning and implementation to district and metropolitan municipalities. Local government is viewed as the lowest sphere of Government, and is responsible for delivering basic services and the governance of local municipalities. This level of Government also places the performance, monitoring, evaluation, and reporting (PMER) of governance at a district level. Such PMER could enable a district to have first-hand performance reports regarding development in relevant jurisdictions. In attempting to address the problem of unemployment, poverty, and economic growth, the Department of Economic Development, Environmental Affairs and Tourism (DEDEAT) established the LRED Grant Fund, which is solely meant to assist SMMEs in the Eastern Cape. This fund is tailored to aid the initiatives and/or businesses in the following sectors: agro-processing, automotive, manufacturing, renewable energy, oceans economy, and tourism. However, there is a current concern regarding the LRED’s lack of transparency, communication, and uncertain turnaround time during application assessment and adjudication processes. The study also noted a lack of capacity, skills, and mentoring as a hinderance for projects to sustain
- Format
- xiv, 82 leaves
- Format
- Publisher
- Nelson Mandela Metropolitan University
- Publisher
- Faculty of Business and Economic Sciences
- Language
- English
- Rights
- Nelson Mandela Metropolitan University
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NMU School for Economics, Development and Tourism
| Thumbnail | File | Description | Size | Format | |||
|---|---|---|---|---|---|---|---|
| View Details Download | SOURCE1 | Kosi, ME 214189082 Treatise April 2020.pdf | 1 MB | Adobe Acrobat PDF | View Details Download |