Tourism Equity Fund

The Tourism Equity Fund TEF is an equity acquisition fund that will be managed by sefa on behalf of the Department of Tourism. The purpose of the Fund is to promote the participation of Black enterprises within the tourism industry.

Tourism Equity Fund

The Tourism Equity Fund that is R12 billion strong was launched by President Cyril Ramaphosa yesterday.

Tourism equity fund. The Tourism Equity Fund aims to give entrepreneurs like Mkwela a boost. The Tourism Equity Fund TEF Brochure. According to government the aim of the fund is to improve participation of black South Africans in the tourism sector.

This combination will put the value of the Tourism Equity Fund at just over R12-billion said Tourism Minister Mmamoloko Kubayi-Ngubane. The fund includes R540 million from the Tourism Dept plus R120 million from sefa and R594 million from commercial banks. R12 billion Tourism Equity Fund launched.

Funding will focus on accommodation hospitality services including conference and convention facilities travel services and initiatives which support tourism development and job creation. The government has launched the R12bn Tourism Equity Fund. The Tourism Equity Fund will offer a combination of debt finance and grant funding for large capital investment projects.

The R12-billion Tourism Equity Fund was announced by President Cyril Ramaphosa last week. The Department of Tourism has created the Tourism Equity Fund TEF to provide financial support to black-owned tourism enterprises. Valued at R12-billion the fund will offer debt finance and grant funding towards large capital investment projects in the local tourism industry.

Government on Tuesday launched the Tourism Equity Fund aimed at creating an inclusive and growing tourism sector by supporting entrepreneurship and investment on the supply side of the tourism. LICENSED DT POD P 160 PAGE01 F 11. Launched on Tuesday 26 January the R12 billion fund financed by government departments and South Africas major banks is now accessible to disadvantaged tourism operators.

President Cyril Ramaphosa will tomorrow 26 January 2021 address the. CIPC Registered Name Trading Name Type of Business Industry Sector Registration Name Registration Date D D M M C C Y Y Telephone Number Fax Number E-mail. As part of South Africas Economic Reconstruction and Recovery Plan this fund aims to drive transformation through advancing equitable opportunities in the sector to ensure inclusive economic growth in the Tourism sector.

The Tourism Equity Fund TEF is a collaborative initiative between the Department of Tourism and the Small Enterprise Finance Agency sefa. The R12-billion Tourism Equity Fund launched by government in January 2021 is in principle to be welcomed but it is unlikely to meet the objective of broad-based transformation and in its. The Tourism Equity Fund TEF is a dedicated fund that provides a combination of grant funding concessionary loans and debt finance to support equity acquisitions as well as new and expansion developments in the tourism sector by black entrepreneurs.

Sefa Product Application Form. Pippa Naude Jan 26 2021 News Travel Tourism. The Tourism Business Council of South Africa TBCSA welcomed the launch of the Tourism Equity Fund TEF by the Department of Tourism in partnership with the Small Enterprise Finance Agency SEFA.

Between international travel bans curfews and capacity limitations. The purpose of the Fund is to promote the participation of Black enterprises within the tourism industry. The Tourism Equity Fund TEF will provide financial assistance to majority black-owned enterprises.

To be completed by borrowing legal entity COMPANY DETAILS. The Department of Tourism in partnership with the Small Enterprise Finance Agency SEFA today launched the Tourism Equity Fund. R12bn Tourism Equity Fund launched to bolster transformation New funding source for black-owned small businesses and entrepreneurs in an.

Tourism Minister Mamoloko Kubayi-Ngubani said the Tourism Equity Fund is a dedicated fund that will provide a combination of debt finance and grant funding to facilitate equity acquisition as well as new project development in the tourism sector by black entrepreneurs. The fund will be used to provide debt finance and grants to black entrepreneurs in the tourism sector and especially women. The Tourism Equity Fund TEF is an equity acquisition fund that will be managed by sefa on behalf of the Department of Tourism.

Within its three-year period the 82 million tourism equity fund plans to target funding 31 companies at an average deal size of 27 million with 40 percent Black women-owned projects 30.

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