logo
No deposit or credit card: New township travel pilot opens up holidays for South Africans

No deposit or credit card: New township travel pilot opens up holidays for South Africans

IOL News5 days ago
A new township-based travel initiative is aiming to make local holidays more accessible to South Africans who have traditionally been excluded
Image: Supplied
A new township-based travel initiative is aiming to make local holidays more accessible to South Africans who have traditionally been excluded from resort travel due to financial barriers.
Launched by Dream Hotels & Resorts in partnership with TUU Post, the pilot allows residents in Soweto, Alexandra and Katlehong to book curated holidays directly from local stores, without needing credit cards or large upfront payments.
Using stokvel contributions, flexible instalment options, and lay-by systems, the initiative is designed to accommodate a broader range of household budgets while supporting community-based businesses acting as booking agents.
According to Clyde Keevy, head of leisure sales at Dream Hotels & Resorts, the company is looking to grow its footprint across more communities in the country to further expand access to affordable local travel.
'We've created a model that allows South Africans in every corner of the country to enjoy their own land in the style and comfort synonymous with a Dream Hotels & Resorts experience,' Keevy said.
'Residents can walk into a local business and book a getaway without needing a credit card, long-term contract or a big upfront deposit, which makes all the difference for households managing tight budgets.'
The pilot is built on Dream Escapes, a "flexible, month-to-month vacation product that allows customers to accumulate travel credits over time, without the need for credit checks or binding contracts".
Video Player is loading.
Play Video
Play
Unmute
Current Time
0:00
/
Duration
-:-
Loaded :
0%
Stream Type LIVE
Seek to live, currently behind live
LIVE
Remaining Time
-
0:00
This is a modal window.
Beginning of dialog window. Escape will cancel and close the window.
Text Color White Black Red Green Blue Yellow Magenta Cyan
Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan
Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan
Transparency Transparent Semi-Transparent Opaque
Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps
Reset
restore all settings to the default values Done
Close Modal Dialog
End of dialog window.
Advertisement
Video Player is loading.
Play Video
Play
Unmute
Current Time
0:00
/
Duration
-:-
Loaded :
0%
Stream Type LIVE
Seek to live, currently behind live
LIVE
Remaining Time
-
0:00
This is a modal window.
Beginning of dialog window. Escape will cancel and close the window.
Text Color White Black Red Green Blue Yellow Magenta Cyan
Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan
Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan
Transparency Transparent Semi-Transparent Opaque
Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps
Reset
restore all settings to the default values Done
Close Modal Dialog
End of dialog window.
Next
Stay
Close ✕
"With more than R50 billion estimated to circulate annually through stokvels in South Africa, the culture of saving collectively and planning as a group aligns well with the Dream Escapes philosophy"
One of the first resorts onboard is the Blue Marlin All Inclusive Seascape in KwaZulu-Natal, offering bundled packages that include accommodation, meals and selected activities. A lay-by-style payment option, launched in partnership with LayUp, allows travellers to pay in smaller, interest-free instalments.
"While the township travel pilot initiative is still in early days, it's informed by insights from the repositioning of Blue Marlin, which was designed to attract younger, experience-hungry South Africans who are prioritising comfort, entertainment and value over high-end exclusivity."
IOL Business
mthobisi.nozulela@iol.co.za Get your news on the go, click here to join the IOL News WhatsApp channel
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Ramaphosa and Malema put cash and equality in the spotlight this Women's Month
Ramaphosa and Malema put cash and equality in the spotlight this Women's Month

The South African

time4 hours ago

  • The South African

Ramaphosa and Malema put cash and equality in the spotlight this Women's Month

As South Africans marked National Women's Day on Saturday, 9 August, financial burdens were a central focus during key addresses by the country's political leaders. The theme for this year's celebration is 'Building Resilient Economies for All.' President Cyril Ramaphosa and Economic Freedom Fighters (EFF) leader Julius Malema used the occasion to highlight the socio-economic challenges females face. In his address, Ramaphosa said that while South Africa has made significant progress since the historic 1956 Women's March, more must be done to empower women financially. The president said that over the years, the government introduced the Employment Equity Act and other progressive laws that have assisted in paving the way for female empowerment. Ramaphosa said women's participation in the workforce continues to grow, and the public sector prioritises procurement from female-owned businesses. The president added that government support also includes skills training, entrepreneurial assistance, access to funding, and multi-sectoral partnerships. 'This is progress. But it is not enough. We cannot rest until we have achieved gender equality throughout society,' Ramaphosa said. He urged South Africans to recommit to building a future where men and women are equal. Meanwhile, EFF leader Julius Malema echoed some of Ramaphosa's sentiments. Speaking at his party's commemoration, Malema highlighted the challenges women, especially domestic workers, face. He emphasised the importance of valuing and supporting females. 'We must protect them, we must respect them, we must provide for them. Any man who doesn't give women money is an irresponsible man – women have to receive money, especially black women,' said Malema. He stressed the need for more opportunities for women in the workforce and added that empowerment is key to combating poverty. Let us know by leaving a comment below, or send a WhatsApp to 060 011 021 11. Subscribe to The South African website's newsletters and follow us on WhatsApp, Facebook, X and Bluesky for the latest news

Fuel price rollercoaster continues to impact South African households
Fuel price rollercoaster continues to impact South African households

IOL News

time6 hours ago

  • IOL News

Fuel price rollercoaster continues to impact South African households

A fuel station attendant fills a car with fuel while a dog in the car looks on. While petrol prices drop by 28 cents in August, the sharp increase in diesel costs threatens to worsen South Africa's economic strain. Experts warn that these mixed fuel adjustments, combined with US tariff hikes and record household debt levels, paint a bleak financial outlook for consumers already struggling to make ends meet. Image: Independent Newspapers Archives While consumers in South Africa who are paying back loans were given some financial relief after the South African Reserve Bank (Sarb) cut interest rates, fuel price adjustments for August brings a mixed bag. This past week, the Minister of Mineral and Petroleum Resources announced that from Wednesday, August 6, both grades of petrol decreased by 28 cents, while diesel went up by between 63 cents (50ppm) and 65 cents (500ppm). That means petrol 95 Unleaded will now cost R20.80 at the coast and R21.59 in Gauteng, where the slightly less expensive 93 ULP will retail for R21.51. The wholesale price of 50ppm diesel will reach R19.28 at the coast and R20.04 inland. While the decrease in the price of petrol has been welcomed by some motorists, Neil Roets, CEO of Debt Rescue, said that the broader economic outlook for South Africans remains bleak. 'This fuel price rollercoaster is not easing pressure, it's compounding it. Households are already under extreme strain, and these erratic fluctuations only add to the financial distress,' he told Business Report. Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Next Stay Close ✕ Roets added that the relief felt by petrol users is offset by the sharp diesel price hike of up to 65 cents per litre, which will affect key sectors such as agriculture, logistics, and public transport. 'These ripple effects will inevitably feed into food prices and transport costs, putting even more pressure on working families,' Roets said. Adding to these concerns is the impact of the newly imposed 30% US tariff hike on South African exports. 'This move poses a serious threat to the broader economy, particularly sectors like manufacturing, agriculture, and mining, which are already grappling with rising input costs. If export volumes decline, we could see knock-on effects including job losses and even greater household vulnerability,' Roets said. He further said that with household debt levels already among the highest in the world, and with overdue debt now surpassing R208 billion, South African consumers are being hit from all sides. Roets said the current economic environment is becoming increasingly unstable, with warning signs flashing across every major financial indicator. Meanwhile, Hayley Parry, Money Coach and Facilitator at 1Life's Truth About Money said that the recent interest rate cut was good news for South Africans with debt. "Although the 25 Basis Point decrease does not sound like much from a consumer perspective, there are some interesting opportunities that are presented to us. This means if you take out a R1 million home loan, you will be paying R9 984 per month on that home loan to pay it off for the next 20 years. This means a month ago you would have been paying R168 more on that loan per month. The R168 difference may not sound like a lot, but this is where the power of compound interest comes into play," Parry said. "It is important to get financial education in order to understand what compound interest is and does for consumers. For example, the R168 may not make that much of a difference in paying off your home loan. If you kept your home loan repayment on what it is today, rather than what it will drop by to tomorrow, over the course of 20-year home loan, you will be able to save you more than R89,000 and over a years' worth of repayments. This means you would pay off your home loan in less than 19 years instead of 20 years," she further said. "You will end up saving a significant amount of money in the long run. My challenge to consumers in light of this interest rate reduction is to continue making the same payments they were making before whether it is on a car, home loan, or credit cards. This will help them pay off their debt faster and, once it is cleared, free their monthly cash flow going forward," Parry said. BUSINESS REPORT

South African banks face scrutiny over political account closures
South African banks face scrutiny over political account closures

IOL News

timea day ago

  • IOL News

South African banks face scrutiny over political account closures

SA's big banks' trade policies in the spotlight Image: IOL Regulators have been warned against approaching complaints about South African banks in the same way as US president Donald Trump, who this week issued an executive order after accusing financial institutions of unacceptably restricting law-abiding individuals and businesses' access to banking services based on political or religious beliefs. Mametlwe Sebei, president of the General Industries Workers Union of SA (Giwusa), an affiliate of the SA Federation of Trade Unions (Saftu), said Giwusa would not support merely implementing moves similar to Trump's as the situation required the same interventions but for different reasons. Sebei said moves against the banks for being reactionary and assaulting human rights must be supported. "We also know that banks are not accountable in this country, there are political parties, trade unions, community organisations whose bank accounts were closed without an adequate explanation," he said. Sebei described banks as untransformed and that there is not much to look into as far as the banking industry and its conduct are concerned as many South Africans have suffered a lot. He said even Giwusa recently had a dispute with one of the country's major banks, which gave some members access to the union's accounts without authorisation and there were no adequate explanations. According to Sebei, companies perceived to be close to certain public figures have had their bank accounts closed without explanation. "When they close bank accounts, they are effectively condemning workers in those companies to unemployment, retrenchments and job losses. You cannot destroy a company to punish the owners," he said. Sebei said the idea that private banking institutions can take political decisions is extremely dangerous and that is why this should be strongly regulated. In addition, he said the law already provides for instances where there is suspicion of misuse of banking facilities by a client that is able to be reported to the authorities as provided for in the Financial Intelligence Commission Act. Sebei added that the current laws can be implemented without jeopardising jobs and the livelihoods of workers. "Financial services are a lubricant by which the economy is working, it has enormous power in society and in the economy that can destroy not only individuals but also companies and whole industries. These people are wielding enormous public power that has been privatised into institutions that are guided by profiteering and nothing else and want to exercise this power without transparency, accountability and even pass political judgment and that for me is deeply troubling," he said.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store