STAFF REPORTER|
GOVERNMENT launched the R1.2 billion Tourism Equity Fund on Tuesday, saying it was a breakthrough for women, people with disabilities and black-owned businesses.
President Cyril Ramaphosa delivered the keynote address at the virtual launch of the fund, and was joined by Tourism Minister Mmamoloko Kubayi-Ngubane and Minister of Small Business Khumbudzo Ntshavheni.
Addressing the launch, Ramaphosa said that one of the immediate measures identified in the plan to protect the supply side capacity of the tourism sector is transformation via a Tourism Equity Fund that facilitates the participation of black entrants, women and persons with disabilities.
“This Fund is aligned with the National Tourism Sector Strategy 2016-2026, which places significant emphasis on a transformative and inclusive tourism economy,” said Ramaphosa.
“One of the five pillars of this Strategy addresses the issue of broad-based benefits in the tourism sector. It specifically focuses on transformation, rural and township tourism
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