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

12th April 2021 By: Marleny Arnoldi - Creamer Media Online Writer

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.