Government to launch Tourism Equity Fund

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.

READ: World's tourist hubs, 'ghost towns' for how long?

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.

Source
eNCA

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