One of the grounds for the challenge is that the fund violates the government’s own BBBEE policy
16 February 2021 – 18:18
Tourism minister Mmamoloko Kubayi-Ngubane faces legal action against the R1.2bn Tourism Equity Fund (TEF), launched in January to assist the development of black-owned businesses in the sector.
But the minister has defended the equity acquisition fund, saying that transformation in the tourism sector — which contributed about 8.6% of GDP before Covid-19 — had regressed over the last few years and worsened during the pandemic. She said she would defend any court action against the fund…