Tourvest restructures in line with growth strategy
02. Sep, 2009
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Tourism group Tourvest has restructured its business divisions to support its new growth strategy.
The company now consists of Tourvest Inbound Operations (TIO) which brings more than 160 000 foreign leisure tourists to South Africa each year; Tourvest Travel Services, which focuses on the South African corporate travel market; Travel Retail, which concentrates on the shopping needs of the travelling consumer; Financial Services, which holds the rights in Africa to the American Express foreign exchange franchise; and Tourvest Products, which manages hotels, lodges, cultural villages, overland and activity businesses.
Tourvest CEO Tommy Edmond says that the group’s restructuring would facilitate growth into new international and local market sectors, and enable it to take full advantage of the opportunities presented by the 2010 World Cup and by the high numbers of tourists expected after that.
Tourvest was acquired in 2008 by a Broad-based black economic empowerment (BBEE) consortium led by Guma Tourism, in partnership with Old Mutual Private Equity, the Industrial Development Corporation and Tourvest management. The company is South Africa’s largest black-owned tourism group.
My name is Muzi Mohale a full-time travel blogger, your host at Travelwires.com responsible for all editorial on this blog. I blog about the travel and tourism industry in Africa. Apart from blogging about tourism, I also run 
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