Tourism, Food, and Wine news headlines
* The Rand dropped to its lowest level ever yesterday, at R14 to the dollar, mainly in reaction to lower than expected growth forecast for China. The exchange rate will impact on inflation locally, but the oil price was at a 61/2 year low of $40 per barrel yesterday.
* The on-going visa regulation drama can have a further dire consequence, Continue reading →
Tourism, Food, and Wine new headlines
* Etihad Airways and SAA have announced one of the benefits of their ‘strategic partnership’, in that SAA is commencing flights between Johannesburg and Abu Dhabi from 29 March, doubling the number of flights on this route. Abu Dhabi is a hub, with access to India, the Middle East, and Asia.
* The International Air Transport Association (IATA) predicts that the profit of its member airlines is expected to grow, due to the lower oil price and GDP growth. Airfares are expected to decrease by 5%.
* The R 2 million Sun Star sculpture on Signal Hill has unleashed a debate about the role of corporate sponsorship in Continue reading →