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Cyril Ramaphosa πΏπ¦ @CyrilRamaphosa
A vital element of the operation of the Tourism Equity Fund is the involvement of commercial banks, which will ensure that participants are able to access further loan financing. https://t.co/WeRZKX8BiK — PolitiTweet.org
Cyril Ramaphosa πΏπ¦ @CyrilRamaphosa
As a combination of grant funding, concessionary loans and debt finance, the Fund will cater to the specific needs of black-owned businesses to acquire equity, invest in new developments or expand existing developments. https://t.co/WeRZKX8BiK — PolitiTweet.org
Cyril Ramaphosa πΏπ¦ @CyrilRamaphosa
By providing access to finance for black-owned commercially viable tourism projects, the Tourism Equity Fund intends to address this challenge. https://t.co/WeRZKX8BiK — PolitiTweet.org
Cyril Ramaphosa πΏπ¦ @CyrilRamaphosa
The #TourismEquityFund is informed by the recognition that the capital-intensive nature of the industry prevents many black-owned tourism enterprises from growing and developing. https://t.co/WeRZKX8BiK — PolitiTweet.org
Cyril Ramaphosa πΏπ¦ @CyrilRamaphosa
One of the immediate measures identified in the plan to protect the supply side capacity of the tourism sector is transformation via a Tourism Equity Fund that facilitates the participation of black entrants, women and persons with disabilities. https://t.co/WeRZKX8BiK — PolitiTweet.org
Cyril Ramaphosa πΏπ¦ @CyrilRamaphosa
The tourism sector is resilient and can rebound from periods of crisis. That is why growing, developing and transforming tourism is one of the priorities of the Economic Reconstruction and Recovery Plan that I announced late last year. https://t.co/WeRZKX8BiK — PolitiTweet.org
Cyril Ramaphosa πΏπ¦ @CyrilRamaphosa
The Tourism Recovery Plan entails three strategic themes. Firstly, re-igniting demand. Secondly, rejuvenating supply. Thirdly, strengthening enabling capability. Β #TourismEquityFund https://t.co/pRAN98lY1w — PolitiTweet.org
Cyril Ramaphosa πΏπ¦ @CyrilRamaphosa
If the tourism sector is to play its role in aiding the economic recovery in the wake of COVID-19, it must grow and transform. The industry has responded to COVID-19 with a Tourism Recovery Plan. https://t.co/pAgGy045kS — PolitiTweet.org
Cyril Ramaphosa πΏπ¦ @CyrilRamaphosa
It is also one of the economic segments that can play a pivotal role in transforming the economy and contributing to changing patterns of ownership and control. #TourismEquityFund https://t.co/dyNOFfyoJX — PolitiTweet.org
Cyril Ramaphosa πΏπ¦ @CyrilRamaphosa
Overall the tourism sector is among those with the greatest potential for long-term sustainable economic growth. Β #TourismEquityFund https://t.co/RgyAw3aJ92 — PolitiTweet.org
Cyril Ramaphosa πΏπ¦ @CyrilRamaphosa
This is a sector that is labour-intensive and therefore has immense job creation potential. It supports a vibrant and complex value chain. It generates foreign direct investment and significant export earnings. Β https://t.co/FqKTy1MR6F — PolitiTweet.org
Cyril Ramaphosa πΏπ¦ @CyrilRamaphosa
South Africaβs tourism base is significant, and we are one of the worldβs most popular long-haul destinations. Given South Africaβs many drawcards, not least of all our spectacular natural attractions, these figures should be and must be far higher. https://t.co/USKlJM0i3m — PolitiTweet.org
Cyril Ramaphosa πΏπ¦ @CyrilRamaphosa
Tourism directly accounts for 2.9% of South Africaβs GDP and 8.6% indirectly. Β It supports about one-and-a-half million direct and indirect jobs. Β But this is not nearly enough. https://t.co/mzlliRQrgG — PolitiTweet.org
Cyril Ramaphosa πΏπ¦ @CyrilRamaphosa
The task before us now is to ensure that we do not simply return to business as usual, but that we accelerate the pace towards achieving our transformation goals. https://t.co/QQGYmcW4Lo — PolitiTweet.org
Cyril Ramaphosa πΏπ¦ @CyrilRamaphosa
As damaging as this pandemic has been β and continues to be β we can be certain that as infections are brought under control and more areas of economic activity resume, there will be a gradual recovery. #TourismEquityFund https://t.co/j6I525sP6I — PolitiTweet.org
Cyril Ramaphosa πΏπ¦ @CyrilRamaphosa
Many jobs in the tourism and associated sectors in the value chain have been shed. Countries like ours, which rely heavily on the income generated by tourism and associated activities, have suffered. https://t.co/5LoSJKBcpo — PolitiTweet.org
Cyril Ramaphosa πΏπ¦ @CyrilRamaphosa
The World Travel and Tourism Council 2020 recovery scenarios project that global travel and tourism will have experienced losses of over $2 billion in the best case scenario, and as much as $5.5 billion in a worst case scenario. https://t.co/mzlliRQrgG — PolitiTweet.org
Cyril Ramaphosa πΏπ¦ @CyrilRamaphosa
Many establishments have had to contend with cancellations or deferred travel. It is important to remember that we are not alone. The pandemic has had a profound impact on the tourism sector globally. https://t.co/gilj6FuG65 — PolitiTweet.org
Cyril Ramaphosa πΏπ¦ @CyrilRamaphosa
The nature of the pandemic, together with restrictions to protect public health, has dramatically impacted the tourism industry: from the smallest B&B to major hotel chains, from local tour companies to airlines. https://t.co/mzlliRQrgG — PolitiTweet.org
Cyril Ramaphosa πΏπ¦ @CyrilRamaphosa
The launch of the #TourismEquityFund is taking place when the tourism industry is facing severe challenges. The #COVID19 pandemic has disrupted activity across the economy. https://t.co/mzlliRQrgG — PolitiTweet.org
Cyril Ramaphosa πΏπ¦ @CyrilRamaphosa
It is my privilege to address the virtual launch of this ground-breaking venture: a #TourismEquityFund that will speed up transformation in one of the most crucial sectors of our economy. https://t.co/mzlliRQrgG — PolitiTweet.org
Cyril Ramaphosa πΏπ¦ @CyrilRamaphosa
#TourismEquityFund #WeDoTourism #BuildingANewEconomy https://t.co/HwlIabMVoh — PolitiTweet.org
Cyril Ramaphosa πΏπ¦ @CyrilRamaphosa
If the last year has shown us anything, it is that collaboration, partnership and solidarity are the most effective instruments we have to build a better, fairer and more prosperous world. #DavosAgenda https://t.co/COivadquee — PolitiTweet.org
Cyril Ramaphosa πΏπ¦ @CyrilRamaphosa
In the face of an unprecedented crisis here in South Africa and around the world, we have the opportunity to build a new economy that will be more just, more inclusive and more sustainable. Β #DavosAgenda https://t.co/COivadquee — PolitiTweet.org
Cyril Ramaphosa πΏπ¦ @CyrilRamaphosa
Our task is therefore not to restore the world to where it was when this pandemic struck, but to forge a new path towards a world that is just, peaceful, cohesive, resilient and sustainable. Β #DavosAgenda https://t.co/x6ZnyWeGl2 — PolitiTweet.org
Cyril Ramaphosa πΏπ¦ @CyrilRamaphosa
It is clear that the world is at a crossroads. We are facing a common threat and must therefore act together. While we must unite in defeating this disease, the challenges we must confront were not created by the virus. Β They were created by us. https://t.co/KZccDSo26F — PolitiTweet.org
Cyril Ramaphosa πΏπ¦ @CyrilRamaphosa
The World Bank has reported that extreme poverty is expected to rise globally for the first time in over 20 years as the disruption caused by the pandemic exacerbates the effects of conflict, climate change and underdevelopment. #DavosAgenda https://t.co/63hwp2Psgo — PolitiTweet.org
Cyril Ramaphosa πΏπ¦ @CyrilRamaphosa
Today, humanity is facing an unprecedented global health, social and economic crisis. The pandemic has triggered a global economic downturn of massive proportions, which has not been seen since the Great Depression of the 1930s. Β #DavosAgenda https://t.co/VO6jSQqpbY — PolitiTweet.org
Cyril Ramaphosa πΏπ¦ @CyrilRamaphosa
#DavosAgenda #wef21 https://t.co/r2Foe5kRT5 — PolitiTweet.org
Cyril Ramaphosa πΏπ¦ @CyrilRamaphosa
We all need to work together to build confidence in the vaccine, to demonstrate its effectiveness and its safety β and to emphasise its vital importance in overcoming this deadly disease. https://t.co/4RpnrzgFRH https://t.co/8JcG1wfQUz — PolitiTweet.org