• Ros Nightingale

Tourism Equity Fund faces court challenge, but tourism minister is defiant

BL PREMIUM / 16 FEBRUARY 2021 - 18:18 / LINDA ENSOR



One of the grounds for the challenge is that the fund violates the government’s own BBBEE policy


Tourism minister Mmamoloko Kubayi-Ngubane faces legal action against the R1.2bn Tourism Equity Fund (TEF), launched in January to assist the development of black-owned businesses in the sector.



But the minister has defended the equity acquisition fund, saying that transformation in the tourism sector — which contributed about 8.6% of GDP before Covid-19 — had regressed over the last few years and worsened during the pandemic. She said she would defend any court action against the fund...


CONTINUE READING HERE : https://www.businesslive.co.za/bd/national/2021-02-16-tourism-equity-fund-faces-court-challenge-but-tourism-minister-is-defiant/


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