Futuregrowth, on behalf of its clients, has put its vote of confidence in the tourism industry by buying a significant stake in Thebe Tourism Group, alongside its senior management, in December 2020.
Although the sector has been one of the hardest hit during COVID-19, the iconic properties owned by Thebe Tourism position it well for the industry’s inevitable recovery from the challenges it has faced.
A wealth of skills and assets
Thebe Tourism was founded in 2001 and the senior management team, Jerry Mabena and Brett Hendricks, have steadily built an A-list portfolio of uniquely South African tourism venues. Says Amrish Narrandes, head of Unlisted Equity Transactions at Futuregrowth, “We believe strongly that the tourism…