New fund will encourage inclusive growth in tourism sector, Tokozile Xasa says
Tourism Minister Tokozile Xasa is to drive a strategy of inclusive tourism growth, promoting small-and medium-sized entrepreneurs. A government-financed tourism development fund will be created in collaboration with development finance institutions to support small-and medium-sized enterprises, including community-based projects. Details of the fund will be announced by the minister in her budget vote speech in the National Assembly later in May. Tourism growth had been impressive but the minister emphasised that it was important to go beyond mere numbers and achieve inclusive growth, so that more people benefited from it. This would help achieve the "radical economic transformation" that President Jacob Zuma has prioritised as an objective of government. The minister and departmental officials addressed members of Parliament’s tourism committee on Friday, about the department’s annual performance plan. Xasa said state-owned assets and properties would be leveraged to bring in black...
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