Air transport adds R154.8bn to SA's GDP - report

accreditation
Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!
(iStock)
(iStock)

Cape Town - Air transport supports 490 000 jobs and contributes $12bn (about R154.8bn) to South Africa's gross domestic product (GDP), according to a report issued by the International Air Transport Association (IATA) this week.

Oxford Economics conducted the study on behalf of IATA.

Europe and Asia-Pacific are the largest sources of arrivals to SA after Africa. In 2014, 3.3 million passengers arrived to SA from Europe (16.3% of the total) and 1.3 million passengers arrived from Asia-Pacific (6.5%).

Support independent journalism
Subscribe to News24 for just R75 per month to read all our investigative and in-depth journalism.
Subscribe
Already a subscriber? Sign in
Rand - Dollar
14.61
-0.2%
Rand - Pound
20.32
-0.1%
Rand - Euro
17.34
-0.0%
Rand - Aus dollar
10.72
+0.1%
Rand - Yen
0.13
-0.1%
Gold
1,814.19
0.0%
Silver
25.49
0.0%
Palladium
2,662.50
0.0%
Platinum
1,051.86
0.0%
Brent Crude
75.41
+0.4%
Top 40
62,852
-0.9%
All Share
68,971
-0.9%
Resource 10
70,683
-2.0%
Industrial 25
88,051
-0.4%
Financial 15
12,906
+0.6%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Voting Booth
In light of the recent looting, do you think a basic income grant is the right approach to deal with SA’s hunger and poverty problems?
Please select an option Oops! Something went wrong, please try again later.
Results
It will go a long way in helping fight the symptoms of SA’s entrenched inequality, especially for those who are starving right now
20% - 1492 votes
SA’s problems are complex, and we instead need to spend that money on building and growing our economy, which will help the country in the long run
31% - 2313 votes
All grants are a problem as they foster a reliance on handouts
49% - 3655 votes
Vote