Tourism trajectory pointing in the right direction
The industry is recovering and the government has announced initiatives including the tourism equity fund to accelerate sector transformation
Tourism, one of the sectors crippled by the pandemic, has recorded an improvement in BEE, according to the Sanlam Transformation Gauge report.
It achieved level 4 recognition in the 2022 and 2023 reports, with enterprise supplier development being the standout performer, climbing to 81.12% of target from 62% last year. Ownership rose to 85% from 78%, management increased to 68% from 66% and skills development edged up to 86.5% from 86%. ..
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