Diversify until vaccines are rolled out, hard-hit tourism businesses advised

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The original article can be found here.

Article highlights:

  • the warning came from Parliaments Portfolio Committee on Tourism on 1 June;
  • addressing the Committee, the Banking Association of South Africa (BASA) said that tourism enterprises should not only try to diversify one product offering, but also relook at their business models;
  • BASA also said government support could be a key factor for recovery;
  • Assistance to SMMEs should focus on providing sector specific support, drive innovation, research and development and investing in core skills.