Cape Town has long been the focus of the international film industry, given its majestic beauty, its lower costs due to the weak Rand, being on the same time zone as Europe, and its excellent weather. The Visa Regulations launched last June have put a damper on the Continue reading →
Tag Archives: Rand
Tourism business confidence and numbers decline!
Tourism numbers are reflecting the damaging impact of the new Home Affairs Visa regulations, with Arrivals on the decline, as is the Business Confidence in the Tourism industry. It is no surprise that the two indicators go hand in hand!
The Tourism Business Council of South Africa (TBCSA) Tourism Business Index for the third quarter of this year is 92,4, the second Continue reading →
International Monetary Fund downscales SA economic growth rate to 1,3% for 2016!
The International Monetary Fund (IMF) has downscaled its forecast for our country’s economy for this year to only 1,4%, down from 2%.
The GDP is expected to only grow by 1,3% next year, forecasts the IMF, the slowest rate of growth since the last recession in 2009. China’s economic slowdown is largely to blame, with metal imports reducing due to that country’s ‘slump‘. Mining jobs are in Continue reading →
WhaleTales Tourism, Food, and Wine news headlines: 11 September
Tourism, Food, and Wine news headlines
*. Despite the Rand exchange rate being at its best ever for international visitors, no surge in tourism bookings is being seen. The after-effect of last year’s Ebola crisis, and the new visa regulations, have affected tourism numbers from China, India, and Brazil in particular. Hotelier Arthur Gillis said that the golden opportunity of the exchange rate was negated by the visa regulations, and said that we ‘shoot ourselves in the foot’.
* Cape Town was featured in ‘Leute Heute’ on ZDF German TV this afternoon, with actor Kai Schumann Continue reading →