IATA: AIR TRANSPORT CREATES JOBS & GENERATES WEALTH FOR SOUTH AFRICA
Air transport in South Africa provides immense value to its people and the economy, by supporting some 490 000 jobs and contributing US$12bn or 3.5% to national GDP. This is according to new study conducted by Oxford Economics on behalf of the International Airport Transport Association (IATA).
The study also confirms the vital role of air transport for South Africa in facilitating over $US110bn in exports, approximately US$140bn in foreign direct investment and around US$9.2bn in inbound leisure and business tourism.
IATA say affordable, safe and reliable air transport is crucial to economic growth
Muhammad Ali Albakri, IATA’s Regional Vice President for the Middle East and Africa, says with South Africa now in a recession, it’s time to re-double efforts to promote the country as a destination for business, trade and tourism. Albakri also urged the South African government to recognise the benefits of aviation and remove any impediments (unnecessary red-tape and policies) that hinder air connectivity and the trade, investment, tourism and job opportunities it facilitates and stimulates.
Other notable stats from the report:
- 5m passengers travelled through OR Tambo International Airport in 2014, with Cape Town International Airport coming in 2nd with 7.5m passengers
- Foreign tourists arriving by air to South Africa, and who spend their money in the local economy, are estimated to have supported 230 000 jobs in 2014
- 5% of SAs GDP is supported by air transport sector and foreign tourists arriving by air
- Out of 37 African countries, SA ranks:
- 1st for infrastructure (48th globally)
- 17th for cost competiveness
- 19 out the for visa openness
- After Africa, Europe and Asia-Pacific were the largest sources of arrivals to SA.
Click here to view IATAs Benefits of Aviation in South Africa 2017 fact sheet report