The government has launched a R1.2bn debt and grant financing facility to help quicken the transformation of the tourism sector.

The tourism industry, which is regarded as a mainstay of the economy, accounts for an estimated 8.6% of GDP. It is one of the biggest casualties of Covid-19 lockdown, resulting in hundreds of company closures as business owners struggle to find financial support to cushion them from the pandemic...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now