https://www.engineeringnews.co.za
Financial|Tourism
Financial|Tourism
financial|tourism

Solidarity, AfriForum says tourism equity fund hearing to be held on April 13

12th April 2021

By: Marleny Arnoldi

Deputy Editor Online

     

Font size: - +

Trade union Solidarity and civil rights group AfriForum will be in the North Gauteng High Court on April 13 for the hearing of their case against the Department of Tourism and Tourism Minister Mmamoloko Kubayi-Ngubane.

The two institutions had instituted legal action after unsuccessful talks with the Minister about opening up funding through the Tourism Equity Fund to all tourism businesses.

The R1.2-billion Tourism Equity Fund was launched by the department on January 2, in partnership with the Small Enterprise Finance Agency, as a new financial support mechanism to stimulate investment and transformation in the tourism sector.

As a combination of grant funding, concessionary loans and debt finance, the fund caters to the specific needs of black-owned businesses to acquire equity, invest in new developments or expand existing developments.

“To drive transformation and other racial ideologies in the midst of a pandemic that has devastated an industry shows indifference to the need of the very sector the Minister has been tasked to support.

“Right now, entrepreneurs and employees in this industry really need the government’s support, but government is choosing to put its own agenda above the needs of its citizens,” says Solidarity legal head Anton van der Bijl.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Goodwin Submersible Pumps Africa (Pty) Ltd
Goodwin Submersible Pumps Africa (Pty) Ltd

Goodwin Submersible Pumps Africa is sole distributors for Goodwin electrically driven, submersible, abrasion resistance slurry pumps.

VISIT SHOWROOM 
Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (26/04/2024)
Updated 7 hours ago By: Martin Creamer
Magazine cover image
Magazine round up | 26 April 2024
26th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.07 0.123s - 138pq - 2rq
Subscribe Now