Investing in the economy

CASE STUDY

Windtown   
Lagoon Resort  

 The newly built Windtown Lagoon Resort and Spa reflects the IDC’s focus to funding community-based projects that have potential to create employment opportunities in far-flung regions.

The resort also speaks to the strategy for the tourism SBU to diversify its product portfolio to include developing untapped tourism nodes such as sports and adventure tourism. Windtown Lagoon Resort and Spa, which is a 35-room facility in Langebaan, on Cape Town’ west coast, now employs no fewer than 40 people in a region that has one of the highest unemployment rates in the country.

For Western Cape residents renowned for their remarkable outdoor interest, this resort is sure to attract their interest. The Atlantic Ocean is barely a five-minute walk from the facility. Perfect winds and the cold waters of the Atlantic Ocean make this a preferred destination for kite surfing enthusiasts across the globe. In addition, owners of this facility have set up a kite surfing school at a property adjoining the resort, thus allowing for enthusiasts to take up lessons while lodging at the facility. While the project has created 40 direct jobs, this figure swells to over 60 during the peak November/December holiday season, when both foreign and local tourists visit the area.

Building partnerships

The IDC’s capacity-building interventions in South Africa and elsewhere in Africa are motivated by the benefits potentially emanating from assisting our clients and DFI business partners in developing their requisite skills and knowledge bases.

Investing in communities

The IDC has adopted a framework to guide the development of rural areas and an important part of the corporation’s leadership in industrial development strategy focuses on support for priority sectors identified in the New Growth Path and Industrial Policy Action Plan.


APPROVALS
R13.1 billion
DISBURSEMENTS
R16.0 billion
JOBS FACILITATED
18 922
JOBS SAVED
3 950
© The IDC 2013. All rights not expressly allowed are reserved. P.O. Box 784055, Sandton, 2146, South Africa