Tourism Equity Fund (TEF)
Tourism Equity Fund (TEF) is a loan + grant blend from Department of Tourism offering from R 10 000 000 for growth, established businesses across South Africa.
Overview
A R1.2 billion Department of Tourism fund for majority-South-African-owned tourism businesses with at least 30 percent black ownership. Deals start at R10 million and combine a grant of up to R20 million from the Department, a SEDFA loan of up to R15 million, and commercial bank loans for the balance. The fund is currently winding down a backlog of existing applications and is effectively not taking new applicants while government changes the administrator - watch for the new arrangement before applying.
Programme details last verified on 12 June 2026.
Full Description
R1.2 billion fund offering blended finance (loans + grants) for tourism enterprises. Grants capped at R20 million. Minimum transaction R10 million. Implemented by SEDFA.
Eligibility Criteria
Frequently Asked Questions
How much funding does Tourism Equity Fund (TEF) offer?
Tourism Equity Fund (TEF) offers from R 10 000 000 per applicant.
Who qualifies for Tourism Equity Fund (TEF)?
Tourism Equity Fund (TEF) targets growth, established businesses across South Africa. Applicants need at least 30% black ownership.
How do I apply for Tourism Equity Fund (TEF)?
Check your eligibility with the free readiness check on Okhantu, prepare the required documents, then apply on the provider's website.
Prepare Your Application
Increase your chances of success with these preparation resources.
Provider Guide
Learn about Department of Tourism's application process
Document Checklist
Requirements and deadlines
Download Templates
Business plan, cash flow, projections
Legal Framework
Relevant legislation and compliance
Compliance Check
Verify your CIPC, SARS, B-BBEE status
Get Expert Help
Find a funding specialist