President Ramaphosa to address launch of the Tourism Equity Fund

President Cyril Ramaphosa will tomorrow, 26 January 2021, address the virtual launch of the Tourism Equity Fund aimed to drive transformation in the tourism sector.

The Tourism Equity Fund (TEF) has been established by the Department of Tourism 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 is aimed at creating an inclusive and growing tourism sector by supporting entrepreneurship and investment on the supply side of the tourism sector. The fund will offer a combination of debt finance and grant funding for large capital investment projects in the tourism sector.

The South African Economic Reconstruction and Recovery plan identifies the tourism sector as one of the key priority areas to revive the economy.

The virtual launch will be broadcast on major news channels and streamed on a range of government platforms.

Members of the media are invited as follows:
Date: 26 January 2021
Time: 16h00

Virtual links:           
Facebook: http://facebook.com/GovernmentZA
Twitter: http://twitter.com/GovernmentZA
YouTube: http://youtube.com/GovernmentZA
Zoom link: https://gcis.zoom.us/j/94336356405  


Media enquiries: Tyrone Seale, Acting Spokesperson to President Ramaphosa on 083 575 7440/media@presidency.gov.za
Hlengiwe Nhlabathi-Mokota, Spokesperson for the Ministry of Tourism on 064 754 8426/hnhlabathi@tourism.gov.za

Issued by: The Presidency
Pretoria

TOURISM-EQUITY-FUND AUDIO