South Africa, May 15 -- The fund, established through a partnership between the Department of Tourism and the National Empowerment Fund (NEF), provides grant funding, debt, equity financing and business support to Black-owned tourism enterprises.

Speaking during a panel discussion at Africa's Travel Indaba in Durban, National Empowerment Fund CEO Muziwabantu Dayimani said the programme continues to play an important role in supporting tourism transformation and enterprise growth.

"Today, the Tourism Transformation Fund continues to demonstrate the role that targeted developmental finance can play in advancing transformation within South Africa's tourism sector," he said.

More than 1,400 jobs supported The Tourism Transformation Fund h...