Battle brews over government’s ‘transformation fund’ for tourism
in

Battle brews over government’s ‘transformation fund’ for tourism

Tourism minister Mmamoloko Kubayi-Ngubane has defended her department’s plans to roll out the Tourism Equity Fund (TEF) – but opponents are getting ready to take the matter to court.

The fund was established and launched by the department in partnership with the Small Enterprise Finance Agency (SEFA), as a new financial support mechanism to stimulate investment and transformation in the tourism sector.

“The fund was set up as public/private partnership, in particular with commercial banks, in an effort to crowd-in investments in the tourism sector so as to increase diversification and the broadening of ownership of tourism attractions in South Africa,”  Kubayi-Ngubane said.

However, she noted that the fund has faced…

Read further.

Airbus space technology to reach Mars with Nasa’s rover

Oppenheimer Reaffirms Their Hold Rating on Sabre (SABR)

Oppenheimer Reaffirms Their Hold Rating on Sabre (SABR)