Tag Archives: Financial Mail

Corona Virus: How badly is the SA Restaurant industry suffering, bloodbath to come?

 

 

’Restaurant industry on its knees’ dramatically writes the Financial Mail in a story headline this morning, presenting a picture of doom and gloom about our South African restaurant industry, one which has seen tough times since winter a year ago, a poorer 2019 summer and festive season compared to the years before, not being allowed to open their restaurants for Take-Away food production or delivery, and likely to be one of the last industries to be allowed to reopen in what President Ramaphosa called a ‘phased-in’ approach to opening up businesses within the Lockdown, about which he will reveal more in his sixth speech to the nation tonight. Continue reading →

Visa Regulations: ‘A R2,6 bn mistake’!

imageTourism consultancy Grant Thornton has calculated that the impact of the Visa Regulations, introduced in part in 2014 and in part this year, will cost our economy R2,6 billion and 5800 jobs this year, contrary to the government’s goal of growing the economy and aiding job creation.

The inter-ministerial committee consisting of representatives of the Departments of Tourism and Home Affairs, chaired by Deputy President Cyril Ramaphosa, appears to be close to a ‘compromise‘, but details have not been announced officially by the Department of Home Affairs. The Committee has Continue reading →