Public Management

S. A Sees 9.7% Increase in Tourist Arrivals from January to May 2024

S. A Sees 9.7% Increase in Tourist Arrivals from January to May 2024
Thursday, 18 July 2024 16:23

South Africa's tourism industry is on the rise following a significant downturn due to the COVID-19 pandemic. The World Travel and Tourism Council (WTTC) projects that the sector will continue to grow at an average rate of 7.6% annually through 2032.

Tourism Minister Patricia de Lille announced on July 16, 2024, that foreign tourist arrivals in South Africa reached 3.8 million during the first five months of 2024, marking a 9.7% increase compared to the same period in 2023.

“This increase has led to a 27.5% rise in direct spending by foreign visitors, expected to reach 95.1 billion rand ($5.3 billion) for the 2023/2024 fiscal year,” de Lille stated during the ministry’s budget review in the Assembly.

The minister also noted a significant uptick in visitors from Asia, Europe, the Americas, Africa, and the Middle East. Notably, several African source markets, including Ghana and Kenya, saw strong improvements following the implementation of a visa exemption program for their nationals.

In 2023, foreign tourist arrivals in South Africa grew by 48.9% compared to 2022, reaching 8.48 million. The WTTC forecasts that South Africa's travel and tourism industry will grow at an average rate of 7.6% per year through 2032, contributing 7.4% to the country’s GDP and generating over 800,000 jobs.

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
Africa’s ultra-wealthy population expected to rise 15% by 2031 Continent’s share of global wealth declines amid faster growth...
Togo holds talks with IMF and World Bank during Washington meetings Focus on tools to manage crises and protect vulnerable...
Bank exits non-sovereign shareholders to protect multilateral status Move aims to avoid losses in future sovereign debt restructurings Institution...
Awash Bank becomes fourth company listed on Addis exchange Move adds depth to a market launched in 2025 Listing reflects broader financial sector...
Most Read
01

(EBID) - EBID aims to allocate nearly 41% of its commitments to projects with environmental and...

EBID makes giant strides for a green transition in west africa
02

Mahindra & Mahindra is considering a CKD assembly plant near Durban to strengthen its presence i...

Mahindra & Mahindra Eyes Major Shift to Full Vehicle Assembly in South Africa
03

Mobile phones have become essential tools for work, education, payments and staying connected across...

EU Mandates Removable Phone Batteries. What It Means for Africa’s Device Market 
04

BOAD exits BOA Bénin and Niger, sells stakes to Sonimex BOA Bénin posts growth; BOA Niger see...

BOAD exits BOA Bénin and Niger, Sonimex takes stakes as performance diverges
05

MTN Ghana launches crackdown on mobile money agent fraud Audits trigger warnings, suspensions...

MTN Ghana tightens controls on mobile money agents over fraud concerns
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.