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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 industry will return to its former glory post-COVID and, given the quality of the assets of the group, feel Thebe Tourism is well-positioned to capitalise on the eventual resurgence of the sector.” He adds that, with a total GDP contribution of around 9% and over 1.5 ...

Asset Manager Futuregrowth has put its vote of confidence in the tourism industry by buying a significant stake in Thebe Tourism Group in South Africa. Although the sector has been one of the hardest hit during COVID-19, the properties owned by Thebe Tourism position it well for the industry’s inevitable recovery from the challenges it has faced. mrish Narrandes, Head of Unlisted Equity Transactions at Futuregrowth said: “We believe strongly that the tourism industry will return to its former glory post-COVID and, given the quality of the assets of the group, feel Thebe Tourism is well-p...