Business tourism biding fund – A new step of SA Government

Published on : Thursday, March 2, 2017

SA GovernmentDerek Hanekom, the tourism minister of South Africa inaugurated the meetings Africa conference in Durban saying ‘Africa is innovating.’ R494million Treasury has been kept aside for the growth, development and promotion of SA tourism over the coming the few years is one of the latest innovation of the tourism department.

More than 3.3 percent is contributed to the African GDP by the travel and tourism sector. Creating and supporting 9 million job opportunities, the total employment rate in 2017 will exceed previous years as declared by the World Travel and Tourism Council.

This new effort will enable South Africa to seize greater number of international conferences and events allocating R290 m in total and has been treasured for the next financial year 2017 and 2018 respectively. To quote Hanekom, ‘’ It will enable our National Convention Bureau, and our provincial and city convention bureaus, to support bidding processes, and will greatly enhance our chances of winning the rights to host business events.’’

For 2020 Commonwealth Games in the offing, selection of conferences and events will be done with discretion and carefulness. Because of cost challenges, Durban might lose the opportunity to host 2022 Commonwealth Games as predicted by Sports Minister Fikile Mbalula.

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