a combination of grant funding, concessionary loans and debt finance to support equity acquisitions as well as new and expansion developments in the tourism sector by black entrepreneurs.
BBC president Sandile Zungu said the organisation was fully behind the establishment of the fund as it would transform the tourism sector. "The BBC would once again like to remind those that are against economic transformation that the policy of Broad-Based Black Economic Empowerment should be understood as a necessary mechanism to achieve a more just and equitable society,” said Zungu.
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