Tourism Business Council unpacks SONA highlights

A more dynamic, competitive and inclusive economy, as envisaged by the 2017 State of the Nation Adress (SONA), could benefit the tourism and travel industry according to the Tourism Business Council of South Africa (TBCSA). However, this will, especially in the case of the travel and tourism industry, require a greater level of collaboration between all the social partners to boost economic growth beyond the projected 1.3%, more effort to bolster trade investment and a real commitment to address major regulatory and structural issues that continue to hamper business on a daily basis.

TBCSA has taken stock of SONA’s core messages, particularly the focus on ‘radical socio-economic transformation’. The council agrees that economic transformation should mean moving beyond share ownership schemes and stands ready to continue its work alongside government to address some of the industry-specific complexities involved in the implementation of the B-BBEE policy and other economic transformation programmes.

TBCSA CEO, Mmatšatši Ramawela says: “SONA 2017 included a number of notable highlights for the industry – amongst them the important issue of inclusivity. Fortunately, the industry has laid a foundation through the inclusive growth work stream that is part of the National Tourism Minister’s Economic Boosting Initiative. We look forward to continue working with the Tourism BEE Council, the National Department of Tourism and the Department of Trade and Industry to further unpack the President’s pronouncement on this matter at an industry level”.

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Source: Bizcommunity