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Africa’s Premier Tourism Destination

Tourism and hospitality

South Africa welcomed 8.5 million international visitors in 2023, generating R620 billion in total tourism revenue and supporting 1.5 million jobs across hospitality, transport, and experience economy sectors.

Tourism and hospitality

Tourism and hospitality

World Travel & Tourism Council — Tourism Economic Impact (May 2025)

Context / Impact:
Tourism emerges as one of the strongest long-haul markets post-COVID, boosted by ETA visa reforms and hotel reinvestment.

Why it matters for investors:
Validates tourism as a resilient foreign- currency export engine.

PwC Strategy& — SA Outlook (Jan 2025)

Context / Impact:
PwC cites lower inflation, easing interest rates, and improved sentiment following the GNU. Forecasts GDP growth of 0.5–1.3%.

Why it matters for investors:
Confirms improving cycle—supportive rates and sentiment reduce hurdle rates for projects.

IMF — Article IV Consultation (Jan 2025)

Context / Impact:
The IMF projects GDP growth to accelerate to 1.5% in 2025 (from 0.9% in 2024), supported by stabilised electricity supply, reform momentum, and improving confidence.

Why it matters for investors:
Signals macro stability and a reform runway—improving risk-adjusted returns and policy predictability.

Tourism and hospitality

Seize the momentum of South Africa’s growth with reforms, stability, and confidence driving new opportunities for investors

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