Support for ailing tourism sector will be guided by BEE, says minister
Mmamoloko Kubayi-Ngubane says preference will be given to enterprises with the highest score in terms of the empowerment
07 April 2020 - 18:25
Tourism minister Mmamoloko Kubayi-Ngubane is insisting that support for distressed firms and establishments in the sector will be guided by empowerment (B-BBEE) codes, a move that could disqualify many companies from accessing government funding to mitigate the effect of the coronavirus.
The coronavirus crisis has brought tourism activity to sudden stop across the globe as governments implement extreme measures to curb the spread of the disease. Like many of his counterparts around the world, President Cyril Ramaphosa announced a 21-day lockdown in March, which is due to end on April 16...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.