It could be years for the tourism industry to recover from the COVID-19 lockdown and gain momentum to reach full capacity. This is according to Tshifhiwa Tshivhengwa, CEO of the Tourism Business Council of South Africa (TBCSA).

Companies in the tourism sector benefit from a cash injection of R1 1.2 billion:

Tshivhengwa welcomes President Cyril Ramaphosa’s announcement to ease restrictions, but says the sector is still suffering from the pandemic.

Tshivhengwa hopes the government’s vaccination program is a step in the right direction.

“The damage will be noticeable in the next few years. The world would rebound. We’ll be able to rebuild, we’ll be able to get back to where we are, if not better than where we were. You know what happened, ”he adds.

“It’s a long way for us. It’s going to be difficult. Companies would close and new ones would emerge. Many people would lose their jobs, but we still have to keep going, we have to have hope and return to a certain level of trade, ”explains Tshivhengwa.

The Ministry of Tourism, led by Minister Mmamoloko Kubayi-Ngubane, officially launched the Tourism Equity Fund at an event that took place virtually.

The fund was set up by the Ministry of Tourism in collaboration with the Small Enterprise Finance Agency to deepen the transformation of the sector.

In the following video, Minister Mmamoloko Kubayi-Ngubane speaks about the launch of the Tourism Equity Fund:

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