Western Cape may benefit from Brexit although the world will not

The surprising win of the Leave campaign in the 23 June 2016 United Kingdom (UK), which has been dubbed “Brexit”, may benefit the Western Cape even though globally the result is negative. This is because the wine and tourism industries should gain from increased access to the European market as South Africa will now have favourable trade relations with the European Union (EU) plus the UK, rather than the EU including the UK.

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