Jun, 2017

South Africa 'must re-double trade and tourism efforts'

By on Jun 30, 2017

IATA study highlights aviation’s impact on jobs and economy

 

IATA Regional Vice President for the Middle East & Africa Muhammad Ali Albakri says efforts must be “re-doubled” to promote South Africa as a destination open to trade and tourism.

Albakri’s comments come following an IATA study that highlighted the immense value of the air transport industry in South Africa.

Aviation supports some 490,000 jobs in the country, including tourism-related employment.

Affordable, safe and reliable air transport is crucial to economic growth

The sector also contributes $US12 billion to South Africa’s GDP—the equivalent of 3.5% of total GDP.

“The study confirms the vital role of air transport in facilitating over US$110 billion in exports, some US$140 billion in foreign direct investment and around US$9.2 billion in inbound leisure and business tourism for South Africa,” Alkbari said.

“Now with the country in recession it’s time to re-double efforts to promote South Africa as a destination for business, trade and tourism.”

Executives surveyed by the World Economic Forum rated South Africa’s status regarding three key areas for the air transport industry.

Thirty-seven African countries in all were rated, out of these South Africa ranked:

• 1st for infrastructure

• 19th for visa openness

• 17th for cost competitiveness

Alkbari has urged the South African government to recognize the benefits of aviation, and remove barriers affecting air connectivity and trade.

We urge the South African government to remove any impediments

“Affordable, safe and reliable air transport is crucial to economic growth,” he added.

“It promotes skills development and is a catalyst for jobs. We urge the South African government to remove any impediments, including unnecessary red-tape and policies that hinder air connectivity and the trade, investment, tourism and job opportunities it facilitates and stimulates.”

South Africa ‘must re-double trade and tourism efforts’

By on Jun 30, 2017

IATA study highlights aviation’s impact on jobs and economy

 

IATA Regional Vice President for the Middle East & Africa Muhammad Ali Albakri says efforts must be “re-doubled” to promote South Africa as a destination open to trade and tourism.

Albakri’s comments come following an IATA study that highlighted the immense value of the air transport industry in South Africa.

Aviation supports some 490,000 jobs in the country, including tourism-related employment.

Affordable, safe and reliable air transport is crucial to economic growth

The sector also contributes $US12 billion to South Africa’s GDP—the equivalent of 3.5% of total GDP.

“The study confirms the vital role of air transport in facilitating over US$110 billion in exports, some US$140 billion in foreign direct investment and around US$9.2 billion in inbound leisure and business tourism for South Africa,” Alkbari said.

“Now with the country in recession it’s time to re-double efforts to promote South Africa as a destination for business, trade and tourism.”

Executives surveyed by the World Economic Forum rated South Africa’s status regarding three key areas for the air transport industry.

Thirty-seven African countries in all were rated, out of these South Africa ranked:

• 1st for infrastructure

• 19th for visa openness

• 17th for cost competitiveness

Alkbari has urged the South African government to recognize the benefits of aviation, and remove barriers affecting air connectivity and trade.

We urge the South African government to remove any impediments

“Affordable, safe and reliable air transport is crucial to economic growth,” he added.

“It promotes skills development and is a catalyst for jobs. We urge the South African government to remove any impediments, including unnecessary red-tape and policies that hinder air connectivity and the trade, investment, tourism and job opportunities it facilitates and stimulates.”

An Interview with Steve Rushmore, Founder and Chairman of HVS — 3continents3semesters

By on Jun 30, 2017

March 21, 2016 – The Master of Global Hospitality Business students embarked on a four-day intensive “Hotel Market Study

via An Interview with Steve Rushmore, Founder and Chairman of HVS — 3continents3semesters

Standard Bank launches world's first China Africa Banking Centre

By on Jun 29, 2017

Standard Bank has opened the world’s first dedicated Africa China Banking Centre (ACBC) at its Simmonds Street offices in Johannesburg, South Africa. The Centre will look to provide a long-awaited platform to link African and Chinese clients with China’s highly networked digital banking and customer knowledge systems. The Centre is a virtual finance hub for…

via Standard Bank launches world’s first Africa China Banking Centre — BizNis Africa

Standard Bank launches world’s first China Africa Banking Centre

By on Jun 29, 2017

Standard Bank has opened the world’s first dedicated Africa China Banking Centre (ACBC) at its Simmonds Street offices in Johannesburg, South Africa. The Centre will look to provide a long-awaited platform to link African and Chinese clients with China’s highly networked digital banking and customer knowledge systems. The Centre is a virtual finance hub for…

via Standard Bank launches world’s first Africa China Banking Centre — BizNis Africa

China is Africa's largest economic partner

By on Jun 29, 2017

China is Africa’s largest economic partner. Yet it has been a challenge to understand the full extent of the partnership due to a dearth of data. A new report by McKinsey Africa (www.McKinsey.com) finds that its involvement is bigger and more multifaceted than previous studies suggest. “Chinese engagement with Africa is set to accelerate by…

via McKinsey Report – China is Africa’s largest economic partner — BizNis Africa

China is Africa’s largest economic partner

By on Jun 29, 2017

China is Africa’s largest economic partner. Yet it has been a challenge to understand the full extent of the partnership due to a dearth of data. A new report by McKinsey Africa (www.McKinsey.com) finds that its involvement is bigger and more multifaceted than previous studies suggest. “Chinese engagement with Africa is set to accelerate by…

via McKinsey Report – China is Africa’s largest economic partner — BizNis Africa

Sisa Ngebulana builds ZAR130 million hotel in Mthatha — BizNis Africa

By on Jun 29, 2017

Sisa Ngebulana, Billion Group Founder and CEO has built a ZAR130 million three-star hotel in Mthatha, South Africa. Ngebulana is planning a ZAR16 billion investment in the Eastern Cape in the next 10 years‚ encompassing Mthatha‚ Port Elizabeth and East London. “I have passion for the Eastern Cape and, of course, Mthatha. I was born…

via Sisa Ngebulana builds ZAR130 million hotel in Mthatha — BizNis Africa

Hospitality sector in Africa tackles economic headwinds — BizNis Africa

By on Jun 29, 2017

South Africa’s hospitality sector is poised for further growth in the next five years bolstered by inbound travelers amid a difficult and volatile economic climate. Pietro Calicchio, Hospitality

via Hospitality sector in Africa tackles economic headwinds — BizNis Africa

Hyprop Investments reshuffles Board Of Directors — BizNis Africa

By on Jun 29, 2017

Shareholders are advised that Nonyameko Mandindi has been appointed as an independent non-executive director to the board of directors of Hyprop, with effect from 8 May 2017. Nyami is a Professional Quantity Surveyor and has been involved in every aspect of the infrastructure, property investment and development value chain during her career. Nyami currently serves […]

via Hyprop Investments reshuffles Board Of Directors — BizNis Africa