Thapelo Msimang was one of the youngest exhibitors at the annual Africa’s Travel Indaba in Durban last week that was attended by thousands of delegates from South Africa and Africa’s travel establishments.
Msimang said they could not ignore the premier gathering of everything concerning tourism on the continent. In fact, he said business is so good that other establishments such as timeshares and B&Bs are building near Jozini Tiger Lodge due to the demand. Even locals are hiring rooms out to local and international visitors.
The fund supports selected ventures through grant funding, debt and equity. So far this programme is working wonders because those ventures that have been supported are paying back the loans“There is a great need to transform this sector, and the TTF is one of the measures to achieve this objective.
Motsepe also mentioned the Graskop Gorge Lift Company in Mpumalanga that was supported to the tune of R40m a few years ago. This venue is popular with international tourists as it offers a unique experience.