The Department of Tourism has announced the creation of an equity fund which aims to support small-scale stakeholders in the industry, as the sector continues to reel as a result of the global Covid-19 pandemic.
 
The Tourism Equity Fund (TEF) will provide financial assistance to majority black-owned enterprises. Launched on Tuesday 26 January 2021, the R1.2 billion fund, financed by government departments and South Africa’s major banks, is now accessible to tourism operators who meet the criteria.

Read more about it from SA Tourism here

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