SANParks Tourism Investment Summit 2017
SANParks hosted the Tourism Investment Summit at The Maslow, Sandton, on 4 April 2017, as part of its effort to explore new Public Private Partnership (PPP) opportunities.
The business summit engaged and interacted with current and potential investors on the PPP environment in SANParks. The purpose of PPPs is to reduce the cost of delivery; improve service levels by focusing on core business; leverage private capital and expertise; expand the range of tourism products; and to generate additional revenue for the funding of conservation and constituency building.
SANParks has increased its PPP transactions over the past 15 years, covering a wide range of projects, including accommodation, restaurants, retail, activities, an airport and the Table Mountain Aerial Cableway. By March 2016, there were more than 40 PPP projects in active implementation, resulting in significant contributions to the funding of conservation and creating sustainability for SANParks.