16-days

banner_bbc
Business Day Banner
performance
TOP-BANNER-updated

THIS TRAVEL & TOURISM WEEK For the week ending 02 April 2018

0

THIS TRAVEL & TOURISM WEEK

For the week ending 02 April 2018

Dear Members and Colleagues

Welcome to the latest edition of our Weekly News Feed.  It’s the start of a new month, which in the domestic economic environment has also meant the much debated 1% VAT increase on goods and services has comes into full effect.  Added to this, as consumers we will further feel the brunt of a fuel price-hike coupled with an increase on the fuel levy amongst other costs. These are sure going to raise the cost of living for many people in the country.   We trust that the decision taken by the Reserve bank at the recent Monetary Policy Committee meeting, to reduce the repo rate by 25 basis points goes some way in providing a buffer against all these increasing costs.

We trust that you all had a safe and peaceful Easter Weekend. Reflecting on developments in the week prior to the Easter holidays, we saw the publishing of Tourism Satellite Report by Statistics South Africa, reaffirming the industry’s contention of the significant role it plays when it comes to job creation. In our research update we unpack details of how the sector has endured major challenges over the years to outperform other key industries particularly in the area of job creation.

The week also saw the broader business community rally behind the President’s SONA message with the official launch of the Youth Employment Service (YES) initiative, an important initiative that we as the tourism sector no doubt will play an important role.

On a rather sad note for our country, we pause to reflect on the extraordinary life of the late Ms. Nomzamo Winifred Madikizela-Mandela.   Along with other people throughout our country, regional Africa and internationally, we in the travel and tourism business community, pay homage to her role and contribution in the liberation struggle of our country. Let us join hands in passing our condolences to her family, close friends and most importantly, to the people of South Africa, Africa and the world.  May her soul rest in peace.

 

HIGHLIGHTS OF THE WEEK IN REVIEW: 26 – 30 MARCH 2018

  1. MEMBER UPDATES
  1. POLICY & LEGISLATIVE UPDATES
  1. STAKEHOLDER UPDATES
  1. RESEARCH AND REPORTS
  1. MEETINGS AND EVENTS CALENDAR

We wish you a productive and profitable week. We welcome and embrace your feedback on the contents of this newsletter, and any desired improvements.

MS MMATŠATŠI RAMAWELA AND TEAM TBCSA

Comments are closed.