This study investigates monetary policy shocks and industrial production in BRICS countries. The study is presented in four separate but related essays. The first (chapter three) employs a Panel Structural Vector Autoregressive model (𝑃−𝑆𝑉𝐴𝑅) to investigate how monetary policy shocks affect industrial output in BRICS countries using monthly data for the period 1994:1 to 2013:12. A nine variable 𝑃−𝑆𝑉𝐴𝑅 with short-run restrictions among the variables is constructed for the analysis. The study finds that variations in the exchange rate have the largest impact on industrial output in the BRICS countries. It is also observed that inflation rates significantly increase industrial output, peaking after about 11 months. This suggests that monetary authorities should be cautious when formulating policies aimed at reducing the inflation rate because of the spill over effect on industrial output. Further analysis reveals that interest rates have a marginal effect on exchange rates, while money supply makes a relatively large contribution to exchange rate fluctuations. Again, it is observed that changes in money supply exert a very large impact on variations in the rate of inflation. Thus, money supply plays an important role in curbing inflation. The study also analyses variations in interest rates, money supply and inflation and recommends that monetary authorities in the BRICS countries adjust interest rates, and not money supply, in response to inflation expectations. The second essay (chapter four) models exchange rate behaviour in the BRICS countries. This study examines global shocks and variations in the BRICS countries local currency/United States dollar exchange rate using the symmetric Generalized Autoregressive Conditional Heteroscedasticity (GARCH), Exponential Generalized Autoregressive Conditional Heteroscedasticity (EGARCH) and Asymmetric Power Autoregressive Conditional Heteroscedasticity (APARCH) models to determine the relationship between the two. The GARCH, EGARCH and APARCH are employed under normal (Normal Gaussian) and nonnormal (Student‘s t and Generalized Error) distributions. Using monthly exchange rate data covering the period 1994:01–2013:12, the study finds that exchange rates in Brazil, Russia and India can well be modelled by the symmetric GARCH (1,1) model while in China, the three models perform well. In South Africa, the results of the three models also perform well but the EGARCH (1,1) model is found to be the best. Further analyses of the models reveal that the Student‘s t distribution produces better fit for estimating exchange rate variations and global shocks in BRICS countries compared to the Normal Gaussian and GED values under the nonnormal distributions. Overall, the study recommends that the BRICS countries should consider the impact of oil prices and global interest rates when formulating and implementing policies that impact on exchange rates. The third essay (chapter five) examines whether the five BRICS countries share similar business cycles and determines the probability of any of the countries moving from a contractionary regime to an expansionary regime. The study further examines the extent to which changes in monetary policy affect industrial output in expansions relative to contractions. Employing the Peersman and Smets (2001) Markov-Switching Model (MSM) and monthly data from 1994:01 – 2013:12, the study reveals that the five BRICS countries have similar business cycles. The results further demonstrate that the BRICS countries‘ business cycles are characterized by two distinct growth rate phases: a contractionary regime and an expansionary regime. It is observed that area-wide monetary policy has significantly large effects on industrial output in recessions as well as in booms. It is also established that there is a high probability of moving from state 1 (recession) to state 2 (expansion) and that on average, the probabilities of staying in state 2 (expansion) are high for each of the five countries. It is, therefore, recommended that the BRICS countries should sustain uniform policy consistency (monetary policy), especially as they formulate and implement economic policies to stimulate industrial output. The fourth essay (chapter six) investigates the long run and short run dynamics between industrial production and the factors affecting production in the emerging market economies of BRICS countries. Using the Chudik and Pesaran (2013) P-ARDL model and monthly data from 1994:01 – 2013:12, the study finds evidence of a cointegrating relationship between industrial production and selected variables. It is further observed that capital, labour, per capita income and exports have a positive long run impact on industrial production in the BRICS countries. However, a currency appreciation (an increase in the exchange rate) has a negative impact on industrial production. In the short run, it is found that imports, exports, exchange rates, labour, capital and per capita income significantly affect industrial production. The policy implication stemming from the analysis is that a sound economic policy is important for output production and industrialization in BRICS countries while poor policy will result in a nexus of constraintsfrom which escape may be difficult (or impossible). The industrial sector, therefore, should also be listed as a sector that can actualize the diversification process and boost economic performance in the EMEs. There should also be policy consistence in curtailing the declining trend of industrial production. Show less

This study investigates monetary policy shocks and industrial production in BRICS countries. The study is presented in four separate but related essays. The first (chapter three) employs a Panel Structural Vector Autoregressive model (𝑃−𝑆𝑉𝐴𝑅) to investigate how monetary policy shocks affect industrial output Show more

The main aim of the study was to identify interventions and incentives needed to improve the number of enterprises, including state-owned tourism attractions that embrace responsible tourism management practices (RTMP’s) with the view to improve adherence to the National Standard for Responsible Tourism (SANS 1162). The study was conducted in five provinces (Gauteng, Kwazulu-Natal, Limpopo, Mpumalanga & Western Cape) targeting Product owners, Stakeholders, Tourists and Certification Bodies. A multi-method research approach was followed, in which qualitative and quantitative research methods were combined in order to provide a more completed set of findings. The quantitative data was analysed using the SAS® 9.4 whilst qualitative data was analysed through content analysis method. Two case studies involving an establishment that has implemented RTM practices without any support as well an establishment that has implemented RTM practices with support were developed from the study. The study identified some of the key barriers such as financial constraints faced by the sector when implementing RTMP’s, together with interventions and incentives necessary for the development of a sustainable tourism sector in South Africa. The study has recommended that all three spheres of government involved in tourism i.e. the National Department of Tourism (NDT), SAT, Provincial government and Municipalities should have responsibility to drive the adoption of responsible operating practices in the tourism sector. Show less

The main aim of the study was to identify interventions and incentives needed to improve the number of enterprises, including state-owned tourism attractions that embrace responsible tourism management practices (RTMP’s) with the view to improve adherence to the National Standard for Responsible Tourism (SANS 1162). The study Show more

Mapungubwe serves both as National Park and World Heritage Site (inscribed in ethnic3) due to its extraordinary contribution to the country and the world’s historical and natural heritage. Activities include bird watching, game viewing (the big five), tree top walks overlooking the Limpopo River, guided heritage walks to Mapungubwe (Jackal) Hill, rock art walks, night drives, and the Vhembe Wilderness trails. From a positive perspective, amongst others, it was observed that staff members are mostly helpful and professional with some exceptions, walkways are universally accessible, picnic areas have sufficient facilities and there is adequate signage. Show less

Mapungubwe serves both as National Park and World Heritage Site (inscribed in ethnic3) due to its extraordinary contribution to the country and the world’s historical and natural heritage. Activities include bird watching, game viewing (the big five), tree top walks overlooking the Limpopo River, guided heritage walks to Show more

. The oceans economy offers significant development opportunities for sectors such as sustainable fisheries and aquaculture, renewable marine energy, marine bio-prospecting, maritime transport and marine and coastal tourism as indicated by United Nations Conference on Trade and Development UNCTAD. Marine and coastal tourism has great potential to unlock sustainable socio-economic development, generate multifarious benefits for local communities and the nation, and simultaneously contribute to protecting and conserving biodiversity of marine and coastal environments in South Africa and developing countries more generally. The theoretical framework for this study is based on the New Public Governance theory, which is premised on the acknowledgement that apart from the government, various public and private institutions can be centres of power on different levels, as long as their authority of power is recognized by the public. To explore such multiple centres of power, Stakeholder theory is used. Lastly, the study is theoretically and conceptually informed by the use of Common property resource theory. The information derived from the literature and policy review as well as primary data collection will be analysed thematically according to key themes, notably the opportunities and challenges of governance and coordination of coastal and marine tourism; the level of accessibility, transparency and effectiveness in coastal and marine tourism; how marine and coastal tourism could be sustainably governed and coordinated at national, provincial and local levels; level of engagement of key public and private stakeholder bodies whose policies and actions impact on coastal and marine tourism development; implementation of national policies and governance processes at the local level; and the effectiveness of local governance capacity and community engagement structures. The methodology for this research firstly involves conducting a desk-top study to examine relevant literature as well as to identify international best practices and national and sector specific (cruise tourism, beach tourism and events, adventure tourism, accommodation and facilities, etc.) trends in the South African context. This is followed by a critical policy review and primary data collection based on a case study approach. Personal and telephonic semi-structured interviews will be undertaken with purposively sampled key informants, who hold positions in the community, government and tourism business. In addition, a structured questionnaire survey will be used to gain responses from randomly sampled tourism businesses (focusing on direct users of marine and coastal tourism). The research was screened by the UKZN Research Ethics Committee in terms of the university research ethics code. All relevant ethical measures were put in place for the purpose of the research and protecting the participants. The findings of the study identify certain key blockages and challenges in the current policy implementation processes and governance structures. They include issues of coordination, communication, and consultation. Although there is tourism legislation that reflects local roles and responsibilities of stakeholders, the current legislation needs to be enhanced to ensure that certain regulations do not hold back costal and marine tourism development. Show less

. The oceans economy offers significant development opportunities for sectors such as sustainable fisheries and aquaculture, renewable marine energy, marine bio-prospecting, maritime transport and marine and coastal tourism as indicated by United Nations Conference on Trade and Development UNCTAD. Marine and coastal tourism Show more

This study investigates monetary policy shocks and industrial production in BRICS countries. The study is presented in four separate but related essays. The first (chapter three) employs a Panel Structural Vector Autoregressive model (𝑃−𝑆𝑉𝐴𝑅) to investigate how monetary policy shocks affect industrial output in BRICS countries using monthly data for the period 1994:1 to 2013:12. A nine variable 𝑃−𝑆𝑉𝐴𝑅 with short-run restrictions among the variables is constructed for the analysis. The study finds that variations in the exchange rate have the largest impact on industrial output in the BRICS countries. It is also observed that inflation rates significantly increase industrial output, peaking after about 11 months. This suggests that monetary authorities should be cautious when formulating policies aimed at reducing the inflation rate because of the spill over effect on industrial output. Further analysis reveals that interest rates have a marginal effect on exchange rates, while money supply makes a relatively large contribution to exchange rate fluctuations. Again, it is observed that changes in money supply exert a very large impact on variations in the rate of inflation. Thus, money supply plays an important role in curbing inflation. The study also analyses variations in interest rates, money supply and inflation and recommends that monetary authorities in the BRICS countries adjust interest rates, and not money supply, in response to inflation expectations. The second essay (chapter four) models exchange rate behaviour in the BRICS countries. This study examines global shocks and variations in the BRICS countries local currency/United States dollar exchange rate using the symmetric Generalized Autoregressive Conditional Heteroscedasticity (GARCH), Exponential Generalized Autoregressive Conditional Heteroscedasticity (EGARCH) and Asymmetric Power Autoregressive Conditional Heteroscedasticity (APARCH) models to determine the relationship between the two. The GARCH, EGARCH and APARCH are employed under normal (Normal Gaussian) and nonnormal (Student‘s t and Generalized Error) distributions. Using monthly exchange rate data covering the period 1994:01–2013:12, the study finds that exchange rates in Brazil, Russia and India can well be modelled by the symmetric GARCH (1,1) model while in China, the three models perform well. In South Africa, the results of the three models also perform well but the EGARCH (1,1) model is found to be the best. Further analyses of the models reveal that the Student‘s t distribution produces better fit for estimating exchange rate variations and global shocks in BRICS countries compared to the Normal Gaussian and GED values under the nonnormal distributions. Overall, the study recommends that the BRICS countries should consider the impact of oil prices and global interest rates when formulating and implementing policies that impact on exchange rates. The third essay (chapter five) examines whether the five BRICS countries share similar business cycles and determines the probability of any of the countries moving from a contractionary regime to an expansionary regime. The study further examines the extent to which changes in monetary policy affect industrial output in expansions relative to contractions. Employing the Peersman and Smets (2001) Markov-Switching Model (MSM) and monthly data from 1994:01 – 2013:12, the study reveals that the five BRICS countries have similar business cycles. The results further demonstrate that the BRICS countries‘ business cycles are characterized by two distinct growth rate phases: a contractionary regime and an expansionary regime. It is observed that area-wide monetary policy has significantly large effects on industrial output in recessions as well as in booms. It is also established that there is a high probability of moving from state 1 (recession) to state 2 (expansion) and that on average, the probabilities of staying in state 2 (expansion) are high for each of the five countries. It is, therefore, recommended that the BRICS countries should sustain uniform policy consistency (monetary policy), especially as they formulate and implement economic policies to stimulate industrial output. The fourth essay (chapter six) investigates the long run and short run dynamics between industrial production and the factors affecting production in the emerging market economies of BRICS countries. Using the Chudik and Pesaran (2013) P-ARDL model and monthly data from 1994:01 – 2013:12, the study finds evidence of a cointegrating relationship between industrial production and selected variables. It is further observed that capital, labour, per capita income and exports have a positive long run impact on industrial production in the BRICS countries. However, a currency appreciation (an increase in the exchange rate) has a negative impact on industrial production. In the short run, it is found that imports, exports, exchange rates, labour, capital and per capita income significantly affect industrial production. The policy implication stemming from the analysis is that a sound economic policy is important for output production and industrialization in BRICS countries while poor policy will result in a nexus of constraintsfrom which escape may be difficult (or impossible). The industrial sector, therefore, should also be listed as a sector that can actualize the diversification process and boost economic performance in the EMEs. There should also be policy consistence in curtailing the declining trend of industrial production. This study investigates monetary policy shocks and industrial production in BRICS countries. The study is presented in four separate but related essays. The first (chapter three) employs a Panel Structural Vector Autoregressive model (𝑃−𝑆𝑉𝐴𝑅) to investigate how monetary policy shocks affect industrial output in BRICS countries using monthly data for the period 1994:1 to 2013:12. A nine variable 𝑃−𝑆𝑉𝐴𝑅 with short-run restrictions among the variables is constructed for the analysis. The study finds that variations in the exchange rate have the largest impact on industrial output in the BRICS countries. It is also observed that inflation rates significantly increase industrial output, peaking after about 11 months. This suggests that monetary authorities should be cautious when formulating policies aimed at reducing the inflation rate because of the spill over effect on industrial output. Further analysis reveals that interest rates have a marginal effect on exchange rates, while money supply makes a relatively large contribution to exchange rate fluctuations. Again, it is observed that changes in money supply exert a very large impact on variations in the rate of inflation. Thus, money supply plays an important role in curbing inflation. The study also analyses variations in interest rates, money supply and inflation and recommends that monetary authorities in the BRICS countries adjust interest rates, and not money supply, in response to inflation expectations. The second essay (chapter four) models exchange rate behaviour in the BRICS countries. This study examines global shocks and variations in the BRICS countries local currency/United States dollar exchange rate using the symmetric Generalized Autoregressive Conditional Heteroscedasticity (GARCH), Exponential Generalized Autoregressive Conditional Heteroscedasticity (EGARCH) and Asymmetric Power Autoregressive Conditional Heteroscedasticity (APARCH) models to determine the relationship between the two. The GARCH, EGARCH and APARCH are employed under normal (Normal Gaussian) and nonnormal (Student‘s t and Generalized Error) distributions. Using monthly exchange rate data covering the period 1994:01–2013:12, the study finds that exchange rates in Brazil, Russia and India can well be modelled by the symmetric GARCH (1,1) model while in China, the three models perform well. In South Africa, the results of the three models also perform well but the EGARCH (1,1) model is found to be the best. Further analyses of the models reveal that the Student‘s t distribution produces better fit for estimating exchange rate variations and global shocks in BRICS countries compared to the Normal Gaussian and GED values under the nonnormal distributions. Overall, the study recommends that the BRICS countries should consider the impact of oil prices and global interest rates when formulating and implementing policies that impact on exchange rates. The third essay (chapter five) examines whether the five BRICS countries share similar business cycles and determines the probability of any of the countries moving from a contractionary regime to an expansionary regime. The study further examines the extent to which changes in monetary policy affect industrial output in expansions relative to contractions. Employing the Peersman and Smets (2001) Markov-Switching Model (MSM) and monthly data from 1994:01 – 2013:12, the study reveals that the five BRICS countries have similar business cycles. The results further demonstrate that the BRICS countries‘ business cycles are characterized by two distinct growth rate phases: a contractionary regime and an expansionary regime. It is observed that area-wide monetary policy has significantly large effects on industrial output in recessions as well as in booms. It is also established that there is a high probability of moving from state 1 (recession) to state 2 (expansion) and that on average, the probabilities of staying in state 2 (expansion) are high for each of the five countries. It is, therefore, recommended that the BRICS countries should sustain uniform policy consistency (monetary policy), especially as they formulate and implement economic policies to stimulate industrial output. The fourth essay (chapter six) investigates the long run and short run dynamics between industrial production and the factors affecting production in the emerging market economies of BRICS countries. Using the Chudik and Pesaran (2013) P-ARDL model and monthly data from 1994:01 – 2013:12, the study finds evidence of a cointegrating relationship between industrial production and selected variables. It is further observed that capital, labour, per capita income and exports have a positive long run impact on industrial production in the BRICS countries. However, a currency appreciation (an increase in the exchange rate) has a negative impact on industrial production. In the short run, it is found that imports, exports, exchange rates, labour, capital and per capita income significantly affect industrial production. The policy implication stemming from the analysis is that a sound economic policy is important for output production and industrialization in BRICS countries while poor policy will result in a nexus of constraintsfrom which escape may be difficult (or impossible). The industrial sector, therefore, should also be listed as a sector that can actualize the diversification process and boost economic performance in the EMEs. There should also be policy consistence in curtailing the declining trend of industrial production. This study investigates monetary policy shocks and industrial production in BRICS countries. The study is presented in four separate but related essays. The first (chapter three) employs a Panel Structural Vector Autoregressive model (𝑃−𝑆𝑉𝐴𝑅) to investigate how monetary policy shocks affect industrial output in BRICS countries using monthly data for the period 1994:1 to 2013:12. A nine variable 𝑃−𝑆𝑉𝐴𝑅 with short-run restrictions among the variables is constructed for the analysis. The study finds that variations in the exchange rate have the largest impact on industrial output in the BRICS countries. It is also observed that inflation rates significantly increase industrial output, peaking after about 11 months. This suggests that monetary authorities should be cautious when formulating policies aimed at reducing the inflation rate because of the spill over effect on industrial output. Further analysis reveals that interest rates have a marginal effect on exchange rates, while money supply makes a relatively large contribution to exchange rate fluctuations. Again, it is observed that changes in money supply exert a very large impact on variations in the rate of inflation. Thus, money supply plays an important role in curbing inflation. The study also analyses variations in interest rates, money supply and inflation and recommends that monetary authorities in the BRICS countries adjust interest rates, and not money supply, in response to inflation expectations. The second essay (chapter four) models exchange rate behaviour in the BRICS countries. This study examines global shocks and variations in the BRICS countries local currency/United States dollar exchange rate using the symmetric Generalized Autoregressive Conditional Heteroscedasticity (GARCH), Exponential Generalized Autoregressive Conditional Heteroscedasticity (EGARCH) and Asymmetric Power Autoregressive Conditional Heteroscedasticity (APARCH) models to determine the relationship between the two. The GARCH, EGARCH and APARCH are employed under normal (Normal Gaussian) and nonnormal (Student‘s t and Generalized Error) distributions. Using monthly exchange rate data covering the period 1994:01–2013:12, the study finds that exchange rates in Brazil, Russia and India can well be modelled by the symmetric GARCH (1,1) model while in China, the three models perform well. In South Africa, the results of the three models also perform well but the EGARCH (1,1) model is found to be the best. Further analyses of the models reveal that the Student‘s t distribution produces better fit for estimating exchange rate variations and global shocks in BRICS countries compared to the Normal Gaussian and GED values under the nonnormal distributions. Overall, the study recommends that the BRICS countries should consider the impact of oil prices and global interest rates when formulating and implementing policies that impact on exchange rates. The third essay (chapter five) examines whether the five BRICS countries share similar business cycles and determines the probability of any of the countries moving from a contractionary regime to an expansionary regime. The study further examines the extent to which changes in monetary policy affect industrial output in expansions relative to contractions. Employing the Peersman and Smets (2001) Markov-Switching Model (MSM) and monthly data from 1994:01 – 2013:12, the study reveals that the five BRICS countries have similar business cycles. The results further demonstrate that the BRICS countries‘ business cycles are characterized by two distinct growth rate phases: a contractionary regime and an expansionary regime. It is observed that area-wide monetary policy has significantly large effects on industrial output in recessions as well as in booms. It is also established that there is a high probability of moving from state 1 (recession) to state 2 (expansion) and that on average, the probabilities of staying in state 2 (expansion) are high for each of the five countries. It is, therefore, recommended that the BRICS countries should sustain uniform policy consistency (monetary policy), especially as they formulate and implement economic policies to stimulate industrial output. The fourth essay (chapter six) investigates the long run and short run dynamics between industrial production and the factors affecting production in the emerging market economies of BRICS countries. Using the Chudik and Pesaran (2013) P-ARDL model and monthly data from 1994:01 – 2013:12, the study finds evidence of a cointegrating relationship between industrial production and selected variables. It is further observed that capital, labour, per capita income and exports have a positive long run impact on industrial production in the BRICS countries. However, a currency appreciation (an increase in the exchange rate) has a negative impact on industrial production. In the short run, it is found that imports, exports, exchange rates, labour, capital and per capita income significantly affect industrial production. The policy implication stemming from the analysis is that a sound economic policy is important for output production and industrialization in BRICS countries while poor policy will result in a nexus of constraintsfrom which escape may be difficult (or impossible). The industrial sector, therefore, should also be listed as a sector that can actualize the diversification process and boost economic performance in the EMEs. There should also be policy consistence in curtailing the declining trend of industrial production. Show less

This study investigates monetary policy shocks and industrial production in BRICS countries. The study is presented in four separate but related essays. The first (chapter three) employs a Panel Structural Vector Autoregressive model (𝑃−𝑆𝑉𝐴𝑅) to investigate how monetary policy shocks affect industrial output Show more

iSimangaliso Wetland Park is a unique site with international significance as a Heritage site. It contains pristine beauty and offers visitors a variety of experiences. The diversity of landscapes makes it appealing to different visitor types, from adventure seekers to family holiday goers and nature lovers. It has the potential to be a world class experience. Elements from the site observation were not conducive to the image of iSimangaliso as a tourist attraction. With some areas branding is visible, but in others not, to the extent that tourists do not always know that they are in a unique Heritage site. Confusion is created when moving through the different entry gates for iSimangaliso versus KZN Wildlife, with fees differing, separate permits having to be obtained. The quality of infrastructure and service delivery also differs across the different sections of the Park; being old and rundown in some areas, while modern and new in others. There is a clear difference between properties managed by iSimangaliso versus KZN Wildlife. This can impede on visitors’ image and perceptions about the Park as a holistic, well run attraction. Show less

iSimangaliso Wetland Park is a unique site with international significance as a Heritage site. It contains pristine beauty and offers visitors a variety of experiences. The diversity of landscapes makes it appealing to different visitor types, from adventure seekers to family holiday goers and nature lovers. It has the Show more

The concept ‘cultural industries’ refers to a wide variety of cultural activities that are often commercialised. In recent years, an increasing number of exceedingly beneficial linkages have been developing between the cultural industries and the tourism industry. Film tourism is one of the most successful examples of these linkages, and in the context of this study, the film industry as a significant sector within the creative industries will be focused on. Film tourism has in the past few decades become a burgeoning sector in the tourism industry. In fact, it is estimated that the film industry contributes £6 billion a year to the United Kingdom’s (UK) economy when one factors in spin-off benefits such as tourism. Show less

The concept ‘cultural industries’ refers to a wide variety of cultural activities that are often commercialised. In recent years, an increasing number of exceedingly beneficial linkages have been developing between the cultural industries and the tourism industry. Film tourism is one of the most successful examples of these Show more

The core message of Walter Sisulu National Botanical Gardens (WSNBG) is the enjoyment of nature “where luscious nature welcomes visitors and the rushing water of the Witpoortjie Waterfall, gushing from a height of 70 metres, soothes and revitalises careworn city-dwellers.” Overall the site is beautiful and had a number of positive observations such as the interesting and unique layout of different garden sections, the Garden invites visitors to explore, very friendly and helpful staff, ample space for visitor numbers and ease of movement through a pristine environment. Some of the negative observations related to limited ablution facilities, problematic access to visitors that make use of public transport (taxi and bus routes about 3km from entrance) and limited branded signage enroute to the site. Show less

The core message of Walter Sisulu National Botanical Gardens (WSNBG) is the enjoyment of nature “where luscious nature welcomes visitors and the rushing water of the Witpoortjie Waterfall, gushing from a height of 70 metres, soothes and revitalises careworn city-dwellers.” Overall the site is beautiful and had a number of Show more

Event tourism provides an opportunity to shape the economic future of the municipality, especially its tourism sector and with that to magnify the multiplier effect of the tourism economy, and the greater spirit of the people of the municipality itself. The events provide a unifying reason for investment into tourism infrastructure, a commitment to delivery and clarity regarding the value beyond the event. From the perspective of the tourism economy, with events come the potential for dramatic increases in a number of critical destination growth and development metrics. For this reason, events are actively sought after by both national, provincial and local governments. The long-term benefits should outweigh the short-term costs. Through events, critical initiatives can be addressed, core attitudes shifted and key strategic priorities fulfilled. Despite the acknowledged economic impact of events, there is limited research which focuses on how event tourism can be used to promote LED in communities. This study therefore focuses on how event tourism can be used to promote local economic development in South Africa. Show less

Event tourism provides an opportunity to shape the economic future of the municipality, especially its tourism sector and with that to magnify the multiplier effect of the tourism economy, and the greater spirit of the people of the municipality itself. The events provide a unifying reason for investment into tourism Show more

Tourism is a Morden-day engine for growth and is one of the largest industries globally. Being a labour intensive industry with a supply chain that links across many sectors, tourism is a priority sector in the government’s planning and policy frameworks. However, the involvement of community members in a project is often dependent upon the associated project benefits that can provide for the community, such as physical development of the area, the inclusion of community requests in project planning and development and the economic returns from the project for community members. To understand the impact of community based tourism projects in KwaZulu Natal, the research used a multi-pronged approach by applying naturalistic enquiry principles. Two case studies were selected for this study namely, Ugu District Municipality and Ethekwini Municipality. The former was chosen because of its potential to provide best practices whilst the later provided a broader perspective due to the number of tourists received by the City annually. Focus group discussions, in- depth interviews and researcher administered questionnaires formed the core data collection approaches. In total 154 people participated in the study of which 135 were community members, 3 representatives from Municipalities and 16 CBT representatives. The results of the study show that CBT projects have a potential to uplift the community’s livelihoods. Although a number of community benefits were realised, the viability of CBTs is affected by other variables. Despite increasing the community’s standard of living and creating employment opportunities, collective benefits are usually not enough to cater for all the needs of the community members. Furthermore, the study also revealed that there are some conflicts arising from managing these projects. Most community members have no training to manage profitable tourism enterprises. Therefore, meaningful participation should enable stakeholders, among them the local communities who are often the intended beneficiaries to influence and share control over development initiatives, decisions and resources which affect them. CBT projects however cannot be a panacea to unemployment and poverty in the surrounding local communities but should be used as an alternative livelihood option to complement other sectors. The study notes the challenges of CBTs and recommendations are made on the future direction of CBTs. Show less

Tourism is a Morden-day engine for growth and is one of the largest industries globally. Being a labour intensive industry with a supply chain that links across many sectors, tourism is a priority sector in the government’s planning and policy frameworks. However, the involvement of community members in a project is often Show more