Tourism Equity Fund (TEF)
Tourism Equity Fund (TEF) is a loan + grant blend from Department of Tourism offering between R 10 000 000 and R 200 000 000 for growth, established businesses across South Africa. Applications are accepted on a rolling basis.
Overview
Big funding for tourism businesses - get a mix of loans and grants. Minimum R10 million, grants up to R20 million.
Programme details last updated on 2 December 2025.
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 between R 10 000 000 and R 200 000 000 per applicant.
Who qualifies for Tourism Equity Fund (TEF)?
Tourism Equity Fund (TEF) targets growth, established businesses across South Africa. Applicants need a minimum annual turnover of R 5 000 000, at least 2 years of trading history, B-BBEE level 4 or better, at least 51% black ownership.
When is the deadline for Tourism Equity Fund (TEF)?
Applications are accepted on a rolling basis.
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