Tourism Minister Mmamoloko Kubayi-Ngubane has congratulated the newly appointed CEO of Thebe Tourism Group (TTG), Jerry Mabena and wished him success of their new enterprise.
Mabena and his workforce efficiently concluded a deal during which they acquired TTG property in partnership with Future Progress Asset Administration.
TTG has a major portfolio in tourism and associated industries starting from vacation spot points of interest, inbound and outbound tour operations, automotive rental, enterprise tourism and international alternate.
“That is an thrilling growth which should be recommended significantly within the present troublesome COVID-19 interval when our sector is present process difficulties. This acquisition bodes properly for the transformation of the tourism sector at an possession degree and for the creation of a rising inclusive financial system,” the Minister stated.
She wished them the very best and expressed assist for his or her endeavour to propel the trade to higher heights because the trade embarks on the rocky street to tourism restoration and in the end progress.
Because the oldest black-empowered tourism group, the division stated, TTG continues to display its dedication to the transformation of our sector and the financial system typically.
TTG is a 100%-owned subsidiary of Thebe Funding Company, one in every of South Africa’s main funding with stakes in tourism, mining sources, infrastructure, renewable power, petrochemicals, telecommunications, monetary companies, and healthcare.
Fashioned in 2001, TTG is the oldest black-empowered South African tourism group and has a major portfolio in tourism.