Cape Town hopes for good business in tourism

Published on : Thursday, February 22, 2018

Cape Town OverviewThe Finance Minister Malusi Gigaba hopes for funding and support for small, micro and medium-sized enterprises (SMMEs) to enrich in tourism world and also it also help in boosting the tourism.

 

 

The corporate communications manager at the Tourism Business Council of SA, Kagiso Mosue, said SMME development in Cape Town was critical to go forward the broader objective of transforming the tourism sector and advance the momentum through incentives, among other tools, to ensure that small and emerging tourism businesses have access to the market and develop to become the big businesses of tomorrow.

 

 

The Chief Executive of Cape Town Tourism Enver Duminy agreed with these sentiments, saying the SMME sector was of major importance to the economy, and tourism provided an ideal environment in which SMMEs could flourish.

 

 

According to Mosue, it was more funding for destination marketing, as well as a tax regime that was more travel-and tourism-friendly.

 

 

She said the sector operated in an environment where its rand-dominated funds had to stretch to reach tourists from around the world – more often from countries whose currencies were far stronger than the rand.

 

 

 

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