THE controversial
removal of BSP
monthly remittance
and its impact on
payments in the corporate
and government space
will be a key topic
of discussion at the
Association of Southern
African Travel Agents
(Asata) Travel Summit next
month.
Iata plans to do away
with monthly remittance
frequencies before the
end of the year. The move
will drastically change
how both corporate and
government travel agents
do business as most
corporate and government
clients expect a 30-day
account with their TMCs.
“While Asata has been
vocal in its objection to
the removal of monthly
BSP remittance, it is
essential that there is
joint engagement with
government departments
and authorities regarding
credit periods extended
to the public sector,
and some level of
preparation done to
mitigate the impact to
TMCs operating in the
corporate and government
space,” says ceo of Asata,
Otto de Vries.
There will be a panel
discussion to debate
the issue. Industry
stakeholders Alexandru
Stancu, Iata’s head of
regional office for Africa
and the Middle East;
Sailesh Parbhu, md of
XL Nexus Travel; Phale
Naake, deputy director
of Fleet and Travel
Management Service at
the Department of Labour;
Tebogo Tsimane, acting
gm Operations of SAA, and
Kananelo Makhetha, ceo
of Club Travel Corporate,
will take the stage.
“We look forward to
robust debate that will
help our members prepare
for what’s to come and
map the risk and cost for
the travel industry when
the monthly remittances
are removed,” says Otto.
The Travel Summit will
take place at the Sandton
Convention Centre on
September 12. The cost
to attend is R1 700 per
delegate or R1 500 per
delegate for groups of
five or more. For more
information, visit Asata’s
website.
Industry to tackle removal of monthly remittance
Comments | 0
