The Department of Tourism has allocated R189 billion for resuscitating small businesses hit hard by COVID-19 travel restrictions, following cabinet approval.<\/p>\n\n\n\n
The Fund is one of the interventions and enablers outlined in the Tourism Sector Recovery Plan aimed at helping the sector to recover in the short-term and achieve long-term sustainable growth.<\/p>\n\n\n\n
Tourism has a wide value chain that stimulates economic activity in other sectors such as services sector, creative and cultural industries. The COVID-19 pandemic has plunged the industry into an unprecedented crisis. There has been massive job losses at local level, as a result of distress businesses in the sector are facing. Small and medium enterprises are the worst affected, with many are facing the possibility of permanent closure.<\/p>\n\n\n\n
The Tourism Sector Recovery Plan is one of the vehicles through which economic transformation can be achieved, Tourism Minister, Mmamoloko Kubayi-Ngubane said, \u201d The Recovery Plan contains a set of interventions to protect and rejuvenate supply, reignite demand and strengthen enabling capability to support the sector\u2019s recovery. The goal is to preserve jobs and livelihoods within the sector, facilitate the creation of new job opportunities, match demand and supply as well as strengthen transformation in the sector including empowerment of women, youth and people with disabilities in the sector.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
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