File: Tourism has been one of the sectors hardest hit by the COVID-19 pandemic and lockdown regulations. AFP/Rajesh Jantilal
JOHANNESBURG - Some form of relief for the country's tourism sector.
Government will officially launch the Tourism Equity Fund on Tuesday.
The fund aims to raise investment and transformation in the industry.
It's been identified as one of the key priority areas to revive the economy.
Tourism has been one of the sectors hardest hit by the COVID-19 pandemic and lockdown regulations.
READ: Tourism industry welcomes easing of international travel restrictions
President Cyril Ramaphosa is expected to address the virtual event, scheduled for 4pm on Tuesday.
The Tourism Equity Fund will offer a combination of debt finance and grant funding for large capital investment projects.
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. https://t.co/XHC7MN8FgD
— Presidency | South Africa (@PresidencyZA) January 25, 2021
