Rand brings disaster to South African tourism!

Published on : Friday, April 7, 2017

South African tourism logoAs per the Tourism Business Council of South Africa or TBCSA, South Africa’s tourism industry is expecting mixed fortunes in terms of the nomination of the new Cabinet Ministers in the Transport, Home Affairs and Finance portfolios, as well as Tourism in particular.

The total investment in Travel & Tourism sector in South Africa amounted to a total of R63.7bn which is 7.8% of the total investment. Last year, it went up by 4.1 percent as comprehended by the World Travel and Tourism Council. It also predicts that over the next 10 years, tourism has the possibility to earn Rs. 87.7 bn year-on-year which is accounted by 2.8 percent growth on Rs.63.7 bn investment in 2015.

Nevertheless, the rand and SA’s economy is a major hit along with the thrilling political situation that came by cabinet reshuffle made by President Jacob Zuma. South Africans will take to the streets and observe a major shut down on Friday 7th as a sign of massive protest. To quote Ramawela, ‘Minister Tokozile Xasa has served as Deputy Minister of Tourism since 2009, and is thus familiar with the dynamics and issues in the sector.  During her tenure as Deputy Minister, she amassed the necessary knowledge and experience which should stand her in good stead in her new role.’

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