16 February 2021 by LINDA ENSOR
One of the grounds for the challenge is that the fund violates the government’s own BBBEE policy.
Tourism minister Mmamoloko Kubayi-Ngubane faces legal action against the R1.2bn Tourism Equity Fund (TEF), launched in January to assist the development of black-owned businesses in the sector.
But the minister has defended the equity acquisition fund, saying that transformation in the tourism sector — which contributed about 8.6% of GDP before Covid-19 — had regressed over the last few years and worsened during the pandemic. She said she would defend any court action against the fund…
Source: Business Day at https://www.businesslive.co.za/bd/national/2021-02-16-tourism-equity-fund-faces-court-challenge-but-tourism-minister-is-defiant/