Speaking out against bureaucratic inefficiencies, De Lille described the application process as "painfully slow" and expressed concern about the pace of the disbursement of funds.Despite the application process being sluggish, TEF reportedly approved R301 million for 20 businesses across South Africa."The administration of this fund and application processing has been too slow," she said.The minister slammed the delays, warning that bureaucratic hurdles were preventing meaningful transformation in tourism."The more delays tourism businesses face in accessing finance, the more we are not achieving transformation and the creation of jobs in the sector," she said.De Lille apologised to the tourism sector for the poor performance of the application process.She pleaded with the Small Enterprise Finance Agency (Sefa) to accelerate its efforts. "I am appealing to Sefa to continue putting more meaningful work and effort into ensuring that applicants access the TEF urgently."The R1.2 billion fund, managed by Sefa, has so far supported businesses across six provinces.KwaZulu-Natal leads with five approvals, followed by Gauteng, Eastern Cape, Limpopo, Western Cape and the Free State.Launched last year, the TEF aims to provide financial support to black entrepreneurs through a blended finance approach.

Sluggish tourism funding slammed

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{{magzter}} is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 88 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.