Tourism, Food, and Wine news headlines
* Our economy is struggling, business confidence having fallen to its lowest level in 16 years. The South African Chamber of Commerce and Industry Business Confidence Index fell from 88 in July to 84 in August! This scenario may cost the country’s workers 60000 jobs.
* Given that the 2022 Commonwealth Games will be held in Durban, Continue reading →
Tourism, Food, and Wine news headlines
* London has been named as the most visited tourist city by the MasterCard Global Destinations Cities Index, estimated to receive 19 million tourists this year. Bangkok follows in second place, with Paris, Istanbul, and Dubai making up the top five most visited cities.
* The Department of Tourism has been allocated a budget of R 1,8 billion for the next financial year. The target for international tourist arrivals is 12 million by 2018. Just under R1 billion will go to SA Tourism. Minister of Tourism Derek Hanekom announced Continue reading →
Tourism, Food, and Wine news headlines
* The Business Confidence Index of the South African Chamber of Commerce and Industry retracted by 2,5 points last month, to 88, and was also lower than in December 2013, and the lowest in the past six months. The economic future for our country for the coming year will be a balance between the crude oil price and electricity loadshedding. The Index being below 100 is a ‘matter of grave concern‘.
* A survey conducted by the Cape Town Central City Improvement District reflects a young owner profile, being 25 – 34 years old; plan to live in the city for at least another 4 years; enjoy visiting The Company’s Garden, St George’s Mall, Greenmarket Square, The Fan Walk, and Church Square; 84% visit a city coffee shop at least once a week; 68% visit a restaurant in the city centre at least once a week; and 66% live 3 km or less from their work. (source: City Views)
* South African Stormhoek Wines is the Official Wine Partner for the 40000 nautical mile 2015/16 Clipper Race starting on 30 Continue reading →
Tourism, Food, and Wine news headlines
* Business confidence reached a 7 month high last month, good news for the economy, and reflecting a more stable exchange rate, higher share prices, and reduced impact on production due to strikes. In November the South African Chamber of Commerce and Industry’s (SACCI) Business Confidence Index (BCI) increased to 90.8 in November. Loadshedding by Eskom, and a retraction of the economies that our country trades with may reverse the positive trend.
* The second Veritas Young Wine Writers Competition has been won by Sandile Mkhwanazi, assistant winemaker and acting viticulturist at Elsenburg Agricultural College, and winning R15000. He enjoys to communicate about wine in a fun way, rather than academically. His two articles ‘The South African Wine Continue reading →