Tourism Equity Fund

About the Opportunity

The Tourism Equity Fund (TEF) is a collaborative initiative between the Department of Tourism and the Small Enterprise Finance Agency (sefa). As part of South Africa’s Economic Reconstruction and Recovery Plan, this fund aims to drive transformation through advancing equitable opportunities in the sector to ensure inclusive economic growth in the Tourism sector.

The objectives of the TEF are as follows:

  1. To fund commercially viable and sustainable majority black-owned (minimum 51%) tourism enterprises including enterprises in rural areas and townships, to promote the alleviation of poverty, inequality, and the growth of black-controlled tourism enterprises.

  2. To de-risk, the funding provided to tourism enterprises through patient capital that will ease the debt repayment ability of black-controlled enterprises.

  3. To facilitate the participation of targeted groups such as women and youth in the priority tourism sectors as defined by the Amended tourism B-BBEE sector codes.

The minimum project value for TEF applications is R10 million. The funding provided to a successful applicant will include a grant up to a maximum of R 20 million, a concessionary loan, a sefa loan up to a maximum of R15 million and the balance to be covered by a loan from a commercial bank.

The Fund will focus on tourism enterprises in the following sub-sectors:

  1. Accommodation, e.g. hotels, lodges, resorts and self-catering units, and backpacker facilities.

  2. Hospitality and related services, e.g. conference and convention venues attached to a substantial accommodation element, privately owned attractions in already developed tourism nodes.

  3. Travel and related services, e.g. tour operators.

  4. Any other tourism-related products and initiatives not referred to above which supports tourism development imperatives and economic impact in terms of job creation, geographic spread, and strengthening the tourism offering of South Africa.

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Contact Details:

Call Centre : +27 (0) 860 868 747 / 0860-TOURISM (Tholakele)

Call Centre E-mail :

Switch Board Number : +27 (0) 12 444 6000

Switch Board Fax : +27 (0) 12 444 7000

Physical Address 17 Trevenna Street, Tourism House, Sunnyside Pretoria 0001

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