On 26 January 2021 President Cyril Ramaphosa launched the Tourism Equity Fund to support businesses in the tourism sector crippled by COVID-19 and the subsequent lockdown. The fund will provide a combination of grant funding, concessionary loans and debt finance, which will cater to the specific needs of black-owned businesses to acquire equity, invest in new developments or expand existing developments. Financial support for projects will be provided on the following basis: Funding to acquire...










