Budget 2017
TOURISM: Welcome news for welcome industry
Industry gets long overdue recognition and support as one of the main drivers of the economy as SA continues to be a favourite for global travellers
24 February 2017 - 22:18
The tourism industry is set for a major boost after treasury allocated an additional R494m for tourism promotion. The industry is seen as playing a central role in growing employment and ensuring inclusive economic growth. According to treasury, in 2015, 4.5% of the total workforce was employed in tourism, accounting for 711,746 people, and the sector contributed 3% to GDP. Tshifhiwa Tshivhengwa, CEO of the Federated Hospitality Association of Southern Africa, welcomed the funding allocation, saying this would go a long way to get more people to visit SA and create more jobs.
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