SEFA accepting Tourism Equity Fund applications
On the back of Cabinet’s stamp of approval in September, government has announced the introduction of the Tourism Equity Fund (TEF) in an effort to promote growth and transformation, funding challenges, and stimulate job creation in the sector.
The TEF is a fund established by the Department of Tourism (DT) in collaboration with the private sector’s banking institutions in line with the existing B-BBEE legislation. It will be implemented by the Small Enterprise Finance Agency (Sefa) on behalf of the DT.