Policy, Law, Economics and Politics - Deepening Democracy through Access to Information
This privately-owned website is operated and maintained by Creamer Media
We have detected that the browser you are using is no longer supported. As a result, some content may not display correctly.
We suggest that you upgrade to the latest version of any of the following browsers:
         
close notification
26 May 2012
   
 
 
Article by: BuaNews, SA government news service

South Africa's tourism industry remains resilient although there are tough times ahead, says Minister of Tourism Marthinus van Schalkwyk.

"Our tourism sector has proved to be more resilient than some other economic sectors, but we are not immune to the effects of the economic crisis," he said, delivering his department's Budget Vote in Parliament on Thursday.

He warned that difficult times might be ahead for the industry, which employs more than one-million people.

"Some of the impact will only become more visible in the next few months as the full consequences of the global economic meltdown trickles down," he said.

Although South Africa has thus far been spared from the worst impact and has remained in positive territory until the end of 2008, the country cannot afford to be complacent and cannot ignore the looming slow downward trend in 2009 as many primary markets remain in recession.

"There is clearly no denying that the marketplace for tourism today looks dramatically different to a year ago. Although this sector is not as hard hit as some others, demand is down and for many the times are tough," said Van Schalkwyk.

He further said provisional figures from the United Nations World Tourism Organisation indicated a decline of 8%in international arrivals for the first two months of 2009.

By year end, the best case scenario would seem to be stagnation, with more realistic forecasts predicting a decline of at least %.

"Fortunately, in the face of these challenges, we understand the importance of planning better and getting the fundamentals right," the minister added.

Van Schalkwyk said the first challenge would be to build greater resilience against future external economic shocks. This will include building strong domestic and regional markets.

"We will build on our stringent quality control regime that ensures value for money and the unique selling points of our natural heritage," he said.

 

Edited by: BuaNews, SA government news service
 
 
 
 
  Photos
 
 
 
 
 
 
 
  Map
 
 
 
 
 
 
Advertisements:
 
 
 
 
 
 
 
 
 
 
 
 
  Related social media
 
 
 
 
 
 
 
 
  Topics on this page
 
 
 
Country
 
Person
 
 
 
 
 
 
 
Online Publishers Association