Question

What would the effect of a weak rand be on tourism to south africa

Answer 1

Answer:

Basically in order for an economy to prosper and be strong, its currency must be strong in the international market.However, if the currency falls it has an inverse affect on some industries.

For instance, if the currency of South Africa, the rand, weakens then that a major affect on its tourism industry.

-People would find that the Rand is cheaper.

-They will want to visit the country.

-They will do so by becoming tourists and South Africa's tourism Industry will have an increase in its demand.

So if the Rand falls, the tourism of South Africa will flourish because now South Africa would be relatively inexpensive than before which is why people would want to visit more.

Answer 2

A weaker rand is good for inbound tourism. The fall in the value of the rand makes South Africa Town very affordable for foreign visitors and even those with weaker currencies are at an advantage. The weaker rand is not good for the economy and growth of South Africa.

Explanation:

• The weaker rand is not good for the country since for the economy to be strong it should have a strong currency value in the international markets.  

• For the people from the United States and the European countries that bring in more buying capacities and other affordability for the people.  

• The weaker rand is not good for the economic growth of the country. The demand for South Africa's tourism Industry increases with the weaker demand of the rand.

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