Travel and tourism to contribute R412.2bn to SA's GDP in 2017

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

Cape Town - The total contribution of travel and tourism to the gross domestic product (GDP) of South Africa was R402bn in 2016 (9.3% of GDP) and is expected to grow by 2.5% to R412.2bn (9.4% of GDP) in 2017, according to a report by the World Travel and Tourism Council (WTTC).

This includes the wider effects from investment, the supply chain and induced income impacts.

The forecast is that it will rise by 4.2% per year to R624.2bn by 2027 - 11.5% of GDP.

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
14.35
-0.0%
Rand - Pound
19.81
-0.0%
Rand - Euro
17.08
-0.0%
Rand - Aus dollar
10.76
-0.0%
Rand - Yen
0.13
-0.0%
Gold
1,764.62
0.0%
Silver
25.81
0.0%
Palladium
2,467.49
0.0%
Platinum
1,038.50
0.0%
Brent Crude
73.51
+0.6%
Top 40
59,504
-1.5%
All Share
65,635
-1.4%
Resource 10
60,958
-1.7%
Industrial 25
87,956
-1.3%
Financial 15
12,995
-2.0%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Voting Booth
Should government have assigned a majority shareholding in SAA to the private sector?
Please select an option Oops! Something went wrong, please try again later.
Results
Yes, It's a good decision
63% - 102 votes
Not a good move
10% - 17 votes
Too early to tell
27% - 43 votes
Vote