DA requests that beneficiaries of the Tourism Equity Fund be made public over fears of ANC abuse
17 February 2021
The Democratic Alliance (DA) will write to both the Tourism Minister, MmamolokoKubayi-Ngubane, and to the Small Enterprise Finance Agency (SEFA) requesting that the applicants and beneficiaries the Tourism Equity Fund (TEF) be made public.
This follows a presentation from SEFA to the Portfolio Committee of Tourism regarding the TEF. The presentation confirmed that the Fund’s real objective is to grow connected ANC elites.
The DA’s concerns are that the TEF:
Is concerned only with enterprises of a minimum of R40 million, or at the very least “over R10 million only”;