Johannesburg - The United Kingdom’s recent vote to leave the European Union coupled with the UK leadership race have had a major impact on the pound.
However, experts are divided on how this will impact the local tourism industry. Some are saying that with the weaker Sterling, UK tourists will opt to travel to South Africa in order to take advantage of a weak rand. Others have said that the current situation will result in a decline in the number of tourists from the UK with those that do travel outside the country spending less money.
Pierre Roux, group financial manager for Premier Hotels & Resorts, agrees that UK tourism to South Africa will drop and believes that as a result of the weaker pound, South Africa will see more tourists from countries with stronger currencies such as the dollar and euro.