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Chapter 2: The South African Tourism Industry - Key Characteristics

2.1.1 World The position of the tourism industry in the world economy continues to be an exceptionally important and strong one, and is perhaps underestimated in terms of its contribution to the world GDP. International tourism arrivals are growing rapidly at 8% to 9% per year and reached 689 million in 2001 with the growth rate at just over 7% (World Tourism Organisation [WTO], 2001). Tourism accounted for total market receipts of some $444 billion in 1999 and $476 billion in 2000, an increase...

Chapter 3: Tourism Principles and Practice

  3.1 Tourism Demand 3.1 Tourism Demand Demand for the tourism product in South Africa as well as in KwaZulu-Natal has shown significant increases, particularly since 1994, although a slowdown in increases has been experienced since the turn of the century. From under 200 000 visitors in 1970, the numbers swelled to over one million overseas tourism arrivals in 1995 with even greater increases during 1997 and 1998. The decrease in overseas visitors for 2001 has been well-documented but t...

Chapter 4: Tourism Business Environment

Several points underlie the positive nature of the tourism industry in South Africa and in KwaZulu-Natal in particular: - Full international recognition offers opportunities for growth - Stimulatory government policies encourage industry development - Developed legal system allows for flexibility in choice of business entity within the industry 4.1 Climate of the Industry During the 1980s South Africa was subjected to international economic sanctions due to its political policies. This seve...

Chapter 5: Foreign Investment

5.1 Government Attitude towards Foreign Investment Although foreign investment is encouraged, currency flows are subject to exchange controls. It is government policy to offer encouragement to foreign companies wanting to establishment branches in the country. Growth in the South African economy was slow during the 1980s and this factor, as well as subsequent restraints on the economy encourage South Africa to consider foreign investment as a significant means to increase economic growth and st...

Chapter 6: Labour Relations

6.1 Labour Relations Points of note regarding the labour situation in South Africa are: - There is an abundant supply of unskilled labour - South Africa currently has a shortage of skilled labour - There is an active and highly politicised trade union movement - No comprehensive social security scheme exists at present - Most retirement benefits are provided through self- administered funds - There are no restrictions on the number of foreign personnel employed 6.1.1 Availability of Labo...

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