Thebe Tourism Group

South Africa’s Thebe Tourism Group

Thebe Tourism Group/ Travellex/ FX Africa
Thebe Tourism Group, the pre-eminent black-owned South African tourism group has teamed up with Travelex, one of the world’s largest foreign exchange groups, to launch a network of foreign exchange outlets across the African sub-continent to facilitate the increasing flow of people and funds across Southern Africa and beyond.

The opening of four newly revamped convenient foreign exchange stores at the OR Tambo International Airport and the announcement of a wider national foreign exchange store network illustrate the commitment to South Africa and to providing more convenient foreign exchange services in the sub-Saharan region.

Speaking at the opening of the four foreign exchange stores at OR Tambo International Airport, Travelex founder and Chairman, Mr Lloyd Dorfman said that the launch of the outlets was a vote of confidence in the South African economy.

“Travelex and Thebe Investment Corporation are proud partners in FXAfrica – the company that operates the Travelex brand offering in Southern Africa. Today’s event is a milestone in our plans to facilitate the increasing flow of trade and commerce across Africa, with OR Tambo as the gateway to the development nodes in East and West Africa as well as the horn of Africa. It’s a great growth story and we are proud to be part of it,” said Dorfman.

Travelex intends to significantly increase its footprint throughout Africa over the coming months, targeting airports, retail shopping malls and major borders, as well as less traditional retail areas in South Africa.

Says VusiKhanyile, Chairman of Thebe Investment Corporation: “The African diaspora means that there is a real need tofacilitate the safe and convenient flow of funds from wherever the African diaspora is based, to their home villages, towns and cities. This means looking at areas where one would not traditionally expect to find foreign exchange outlets, such as Hillbrow, Soweto and Hammanskraal, and FX Africa, trading as Travelex, is at the forefront of this development.

“I cannot think of a better way for Thebe to celebrate its twentieth anniversary than to be part of this initiative to facilitate payment and flow of funds within Africa, and between Africa and the world.”

Dorfman added that the establishment of infrastructure at OR Tambo was the logical departure point for this initiative. “OR Tambo is a superb facility and the gateway to Africa and the world for many commercial travellers and visitors who come to South Africa to shop, workor trade and who need to purchase foreign exchange or repatriate funds,” comments Dorfman.

Thanks to the launch of the new FX Africa/ Travelex stores, international travellers at OR Tambo International will now be able to take advantage of the latest technology  to quickly and conveniently order their foreign exchange on the ‘landside’ and then pick up their order on the ‘airside,’ having cleared passport control. The freshly designed stores are inviting and spacious, allowing easy flow of clients, and efficient service. The aim is to provide an environment that delivers the best experience to the traveller, providing excellent service, and great offers.

Andre Bouwer, CEO of FX Africa, said: “FX Africa operates in a competitive business space and we are already seeing the benefits of having a partner of the size and calibre of Travelex, especially when it comes to support, training and the introduction of new technology designed to ensure a safe, fast and reliable consumer experience.”

The local expertise and knowledge of the market from FX Africa and local owner, Thebe, will be complemented by Travelex's global brand and experience. Significant investments are made into support, training, systems and procedures from the world’s retail foreign exchange specialists, including Travelex point of sale technology such as keyboards with passport reading capability.

FX Africa’s wider national store expansion also brings greater convenience in exchange of currency as well as cross border money transfer in a safe and convenient  manner. The imminent roll-out includes Travelex branded stores in Hillbrow, Yeoville, Hammanskraal and Pretoria station, with more to follow after that.
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