South Africa's real gross domestic product fell by 2.2% in the first quarter of 2018, Stats SA announced on Tuesday.
South Africans are spending more money on fast-food and coffee this year than they were in 2017, according to a survey carried out by Stats SA. There has been a notable 7.1% increase in sales in fast-food outlets in the country and a 7% increase of revenue at coffee shops and restaurants.
Cape Town and the Western Cape is open for tourism and is ready for a bumper peak season, which promises to be the best yet. International arrivals have grown by an unprecedented 27% year-on-year for the first half of 2017, and we anticipate two million more international passengers this year.
Wesgro commends our stakeholders, the City of Cape Town and the Western Cape provincial government, for the steps they have taken to reduce water consumption and ensure supplies last through the tourist season.
We therefore encourage tourists from the rest of South Africa and abroad to visit our beautiful city and province this year, and be water wise when doing so.
In this regard, we wish to thank all of our partners in the tourism sector that have taken proactive steps to reduce their water demand during this critical time.
For more information on how establishments or guest can contribute to this effort, please see the attached Wesgro infographics.
Interested visitors can also make use of the City of Cape Town’s water-usage calculator, to see how they can get their water usage below 87 litre per person per day.
The Western Cape has many diverse offerings from the Cape Winelands to the Cape Karoo. To find out about what more you can do during this summer season, visit our Discover Cape Town and the Western Cape website.
The African Business Outlook is looking quite bleak, with corruption and a lack of adequate infrastructure seeming to be the biggest problems in the business climate. This is according to the latest results of the Global Business Survey done by Duke University.