Apply for transformation fund, NDT encourages black-owned tourism businesses

Are you a black-owned tourism businesses looking to grow?  

The NDT, together with the National Empower Fund (NEF) is on a drive to help black-owned tourism businesses by providing a combination of grant funding, debt financing and equity contributions through the Tourism Transformation Fund (TTF).  

The grant funding portion is used to reduce the approved loan finance of equity contribution by the NEF.  

The grant contribution for approved applications is limited to 50% of the total loan finance and/or equity contribution approved by the NEF and is capped at a maximum of R5 million per beneficiary. 

Your business qualifies if: 

  • Your direct clients are tourists 
  • Your business is commercially viable and sustainable based on the NEF criteria 
  • Your business is majority (51%) black owned 
  • Your business is black-management controlled 
  • Shareholders must be operationally involved in the business 
  • Your business is registered as a legal entity in South Africa 
  • You are designated as a black-owned EME or QSE according to the B-BBEE Sector code. 

More information is available at www.nefcorp.co.za and applications can be submitted at NEF offices at West Block, 187 Rivonia Road, Morningside, 2057 or emailed to tourism@nefcorp.co.za.  

Share:

More News

Important Updates to the Gauteng Liquor Act 2003

1] Transfer of Liquor Licences Previously, the liquor authority issued certificates upon authorising the transfer of a liquor licence. However, section 104 of the Gauteng Liquor Act stipulates that a licence, rather than a certificate, should be issued. Effective from 5th June 2024, the authority will issue licences instead of

Read More »

INTEGRATED LABOUR SOLUTIONS

ILS is a Management Consultancy specialising in Employment Relations Consulting & Training. They have been consulting to the Hospitality Industry and has been a trusted partner to FEDHASA for over 30 years and are extremely well versed in the exigencies of our industry. ILS also advises our FEDHASA Head Office

Read More »

StatsSA International Tourism reports for April 2024

Below the StatsSA International Tourism information for April 2024 (previously entitled Tourism and Migration) StatsSA – International Tourism April 2024 Download addresses – International Tourism Full Report – https://www.statssa.gov.za/publications/P0350/P0350April2024.pdf International Tourism Key Findings – https://www.statssa.gov.za/?page_id=1856&PPN=P0350&SCH=73926 International Tourism Key Findings April 2024 In April 2024, 2 452 795 travellers (arrivals, departures,

Read More »