WEAK RAND BOOSTS TOURISM 15%

Finweek English Edition - - THE WEEK -

Tourist ar­rivals in Jan­uary in­creased by 15% year-on-year (YOY) to nearly 1.6m thanks to a weaker rand and the re­lax­ation of visa reg­u­la­tions, tourism min­is­ter Derek Hanekom said in a brief­ing to Par­lia­ment’s tourism com­mit­tee. China in par­tic­u­lar showed strong growth as Chi­nese vis­i­tors could ap­ply for their visas through ac­cred­ited travel agen­cies, Busi­ness Day re­ported Hanekom as say­ing. He was op­ti­mistic that South African Tourism’s growth forecast of 2% over the 2016/17 re­port­ing pe­riod would be ex­ceeded. Ar­rivals de­clined 6.8% YOY over the 2015/16 pe­riod.

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