Government's R1.2-billion Tourism Equity Fund is not only for businesses which are 100% black owned, but open to those which are at least 51% black-owned and controlled, Tourism Minister Mmamoloko Kubayi-Ngubane told the National Council of Provinces on Wednesday. "The response to the fund has been overwhelming from both black and white [people]. There are white businesses saying they always wanted partnerships with black businesses, but could not because banks were not supporting them as they did not have security. Now the fund will help ensure this," the minister said.
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