Tag Archives: tourism

Lion's Head

Tourism sector expected to boost ailing economy

“While the tourism sector contributes a significant portion to South Africa’s GDP, its impact will be even more significant as the country faces the possibility of a recession, and the South African Reserve Bank (SARB) having cut its growth forecast to 0.9% from 1.5% for this year,” says Charnel Kara, Tourism Specialist for FNB Business.

Top