The Treasury has allocated R120m for a new bidding fund to enable the Department of Tourism to attract more business events such as conferences to SA. Allocations are R20m for 2017-18 and R90m for the next three years to the fund, which Tourism Minister Derek Hanekom said on Tuesday would act as a catalyst to the business events industry to a higher league. "It will enable our National Convention Bureau, and our provincial and city convention bureaus, to support bidding processes, and will greatly enhance our chances of winning the rights to host business events. "We have already identified African regional meetings and conferences as potential quick wins, and the bidding fund will give us the muscle to attract them," Hanekom said in opening the Meetings Africa 2017 conference. He said the bidding fund would focus on business events aligned with the priority economic sectors government has identified for development, including manufacturing, mining and metals, business process outso...
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