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MNM2615 Assignment 3 (Portfolio) Semester 1 Memo | Due 13 May 2025

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MNM2615 Assignment 3 (Portfolio) Semester 1 Memo | Due 13 May 2025. All questions fully answered. The format of your final portfolio (Assignment 03): Section 1: Background of SME/SMME Provide a summary on the background of your chosen SME/SMME. In the background, provide information on the products or services the SME/SMME offers, where it is situated and who its current customers are. NB: Use the same background that you used for Assignment 01 and provide one background (a maximum of one page discussion). (5) Section 2: Assignments 01 corrections and suggestions You need to implement corrections and suggestions from Assignments 01. Your corrected Assignment 01 will be checked and marked when you submit your final portfolio. Therefore, it is important that you do not ignore my suggestions and corrections. Also, only work on your corrections and do not rewrite the entire assignment. NB: only work on your corrections. Section 3: Answers to Assignment 03 questions a) Discuss government institutions that support SMMEs (5 marks for the theoretical discussion). b) Provide examples on how the chosen SME/SMME can be supported by these institutions (10 marks for the practical application). (15) a) Explain opportunities for local business expansion in South Africa (5 marks for the theoretical discussion). b) Provide practical examples of how the chosen SME/SMME may use these opportunities to expand their business (10 marks for the practical application). (15) a) Discuss the developments and trends in brand promotion in South Africa (5 marks for the theoretical discussion). b) Provide practical examples of the developments and trends in brand promotions of the chosen SME/SMME (10 marks for practical application). (15) The fourth section should be a maximum of 15 pages. See the marking criteria below for the mark allocation. Section 4: Recommendations Based on the discussions above, provide recommendations to the chosen SME/SMME and substantiate your reasons (advise or recommend on what needs to be done to improve the chosen SME/SMME). In addition to that, recommendations are practical applications of the chosen SME/SMME. (15) Address the following as technical care and presentation: • Stop and accept tracked changes. • Include only ONE table of content. • Include only ONE introduction and conclusion. • Ensure the document is reader friendly (headings and sub-headings). • Use -the correct referencing technique (in-text references and reference list). (10) This is a practical assignment; however, do not explain the theory from your prescribed material ONLY. You must also consult various other academic sources and incorporate the relevant practical information about the store. The portfolio you submit must follow a logical flow. 6 Plagiarism is a criminal academic offence. Do not copy and paste information from any source – you will be penalised. Everything must be in your own words. Also, include references when you discuss the theory, since this will contribute to your technical mark.

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, PLEASE USE THIS DOCUMENT AS A GUIDE TO ANSWER YOUR ASSIGNMENT

Assignment Introduction
Small, medium, and micro enterprises (SMMEs) play a critical role in South Africa’s
socio-economic development by creating employment, promoting innovation, and supporting local
communities. This assignment focuses on ZuluCraft Creations, an SMME based in Warwick
Junction, Durban, known for producing authentic handmade Zulu beadwork, woven baskets, and
other traditional crafts. The analysis explores the business’s background, the opportunities available
for expansion within the South African market, current trends in brand promotion, and concludes
with practical, tailored recommendations. These insights aim to support ZuluCraft Creations in
strengthening its operations, extending its reach, and enhancing its impact while remaining rooted in
cultural authenticity.

 Section 1: Background of SME/SMME

1. Provide a summary on the background of your chosen SME/SMME. In the background,
provide information on the products or services the SME/SMME offers, where it is situated and
who its current customers are. NB: Use the same background that you used for Assignment 01
and provide one background (a maximum of one page discussion).

Business Overview
ZuluCraft Creations is a small to medium-sized enterprise (SME) located in the vibrant city of
Durban, KwaZulu-Natal. Founded in 2018 by Mrs. Nomusa Dlamini, the business was established
with a clear vision to preserve Zulu cultural heritage while also creating sustainable employment
opportunities for local artisans. Mrs. Dlamini, a committed and passionate entrepreneur, sought to
empower her community through the promotion of traditional craftwork, particularly focusing on the
skills and talents of women from the area.

Products and Services
The business specializes in the production and sale of handmade traditional Zulu beadwork,
intricately woven baskets, and a variety of other authentic African crafts. These products are made
using locally sourced materials and reflect the rich artistic traditions of the Zulu culture. The
craftsmanship is carried out by a team of six skilled artisans, most of whom are women, fulfilling the
company’s goal of uplifting the local community while delivering high-quality, culturally significant
items.

Location and Operations
ZuluCraft Creations operates from a modest workshop and retail outlet located within the bustling
Warwick Junction market in Durban. This strategic location serves both as the primary production
site and the main point of sale, offering direct access to a steady flow of customers, including tourists
and local residents. The market environment also supports the business's goal of maintaining close
community ties and showcasing cultural products in a lively, authentic setting.

Customer Base
The enterprise serves a diverse customer base that includes both local and international buyers.
Locally, customers range from Durban residents with an appreciation for traditional crafts to South
African tourists seeking meaningful souvenirs. Internationally, the business reaches customers
through its growing online presence, which includes a user-friendly website and active social media
platforms. The increasing use of digital tools enables ZuluCraft Creations to expand its market reach
and connect with culturally interested audiences worldwide.

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