Grosvenor Tours contributes to the Tourism Enterprise Partnership
Peter-John Mitrovich, General Manager of Grosvenor Tours stated “We take the utmost pride in combining the uplifting and inspiring elements of the tourism industry with a cultural experience that not only informs visitors about the reality of South African lifestyle, but also allows them to interact in a beneficial and lasting way. With this in mind we wanted to have a national impact on the tourism industry and thus there was only one way to go and that was to support the Tourism Enterprise Partnership with a sizeable contribution to use as part of TEP’s Enterprise Development Portfolio (EDP)”. (www.grosvenortours.co.za)
Chief Executive of TEP, Dr Salifou Siddo, welcomed the investment and explained “Strong partnerships are required for expanded growth and TEP’s EDP offers a proven and sustainable solution that allows any interested organisation to invest their ED funds with TEP. The investing partner will earn upfront B-BBEE points for Enterprise Development and with business development offices situated in every province; TEP has the infrastructure to expand investment contributions to the most remote areas in South Africa”.
With their investment, Grosvenor Tours join the likes of HRG Rennies Travel, Gooderson Leisure, City Lodge, Springbok Atlas, Thebe Tourism Group and Credit Suisse, to name only a few of the public private partnerships for TEP’s EDP.
In terms of Code 600 of the B-BBEE Codes of Good Practice, companies must allocate 3% of net profit after tax to enterprise development. Many companies grapple with enterprise development as it is not part of their core business, and only about 30% of South African listed companies are currently compliant. TEP’s EDP serves as a conduit for organisations to earn points on their B-BBEE scorecards whilst contributing to job creation and transformation in South Africa.
For over a decade TEP has successfully delivered on its enterprise development mandate and consistently exceeds its targets; establishing a firm reputation for operating with integrity and sound governance principles. As a Section 21 (non-profit) organisation, TEP is geared to keep its administration and management costs to a minimum with the majority of the funds benefiting SMMEs directly.
TEP is led by a board of prominent business leaders as well as a dynamic management team (situated in Rosebank, Johannesburg) that delivers innovative leadership in tourism development projects. TEP’s EDP team is at the forefront of enterprise development in South Africa and are redefining small business development through this initiative. (www.tep.co.za)
“TEP supports the development of entrepreneurship by providing SMMEs with access to information, skills, markets and finance – a key pillar for job creation is the development of entrepreneurship” concluded Dr Siddo.
More information :
- Hannelie du Toit (Tourism Enterprise Partnership manager: market mccess and research)
- Tel: 011 880 3790