R5 mn boost to Mpumalanga company will leapfrog development in Panorama

Along with the Graskop Gorge Lift Company, Tala Collections Private Game Reserve in KwaZulu-Natal will receive R3.6 million funding.

An R5 million boost to the Graskop Gorge Lift Company in Mpumalanga by the Tourism Transformation Fund will jumpstart more development in the popular Panorama Route.

"We are proud to announce that this project will receive R5 million funding for its next development phase through the Tourism Transformation Fund of the Department of Tourism," said Tourism Minister Derek Hanekom.

The Minister announced the funding of the next development phase of the company on Friday.

The R5 million and investment is a shave off the R120 million Tourism Transformation Fund established by the Tourism department to support black investors and communities to develop and expand tourism-related projects.

"The Graskop Gorge Lift Centre will work as a node to stimulate further development in the Panorama Route. This project, therefore, fits in neatly with the department's destination development plans which focuses on precincts and nodes development. By clustering several attractions together, they can feed off each other and grow together to make South Africa a more competitive destination," said Hanekom.

Along with the Graskop Gorge Lift Company, Tala Collections Private Game Reserve in KwaZulu-Natal will receive R3.6 million funding.

(With inputs from South Africa Government press release)