The Sunday News
THE country’s tourism sector could lose up to US$1,1 billion due to Covid-19 travel restrictions that have crippled the travel industry.
The projection was spelt out by Environment, Climate, Tourism and Hospitality Industry Minister Mangaliso Ndlovu when he addressed a news conference after meeting tourism players in Harare yesterday.
The meeting with tourism players was meant to discuss modalities of the $500 million Bank Guarantee Facility that Government has provided to help the sector recover. The facility is meant to assist the tourism sector access working capital loans from banks and insulate their businesses from the effects of the pandemic.
ALL SHARE
The All Share index continues on an upward trend after picking up 2.12 points (0,43 percent) to close at 500 points.
Natfoods gained $0,8000 to $27,5000, Meikles rose by $0,3500 to $6,5000 and Old Mutual Limited recovered $0,2778 to $41,2778.
Padenga also increased by $0,1899 to $5,5900 and Turnall was $0,04300 stronger at $0,2580.
Trading in the negative; Hippo Valley Estates lost $0,4000 to $5,4000, Nampak eased $0,0045 to $0,9905 and Bindura traded $0,0022 to $0,5278. First Capital Bank also decreased by $0,0017 to $0,2123 and Star Africa was $0,0001 lower at $0,0800.
