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
West African Development Bank (BOAD) launched preparation of its 2026–2030 strategic plan with support from Boston Consulting Group. BOAD exceeded...
Ghana paid 10 billion cedis ($910 million) in interest under its Domestic Debt Exchange Programme (DDEP). Authorities made the payment fully in cash,...
Investigation targets alleged breaches of Nigeria’s 2023 data protection law Platform processes personal data of an estimated 12.7 million...
Congo completes $354 million buyback of 2032 bond Outstanding 2032 notes reduced to $575 million Follows $700 million 2035...
Most Read
01

Absa Kenya hires M-PESA’s Sitoyo Lopokoiyit, signalling a shift from branch banking to a telecom-s...

Absa Kenya Imports a Telecom Playbook in Bid to Reinvent Retail Banking
02

Ziidi Trader enables NSE share trading via M-Pesa M-Pesa revenue rose 15.2% to 161.1 billio...

Safaricom launches M-Pesa platform for stock trading in Kenya
03

MTN Group has no official presence in the Democratic Republic of Congo, where the mobile market is d...

DRC Accuses MTN of Illegal Operations, Spotlighting Border Frequency Issues
04

Ghana has 50,000 tonnes unsold cocoa at ports Cocoa prices fell from $13,000 to around ...

After Côte d’Ivoire, Ghana Faces Cocoa Stock Build-Up as Prices Collapse
05

This week in Africa, Africa CDC is stepping up its drive for health sovereignty, building new partne...

Weekly Health Update | Africa CDC Advances Health Sovereignty Efforts
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.