AFRICA INVESTMENT-Weak rand shines warmly on South African tourism

Newswire

By Stella Mapenzauswa CAPE TOWN, Jan 31 (Reuters) - South African policymakers have watched in horror as the rand has plunged against the dollar over the last year, bringing inflation and higher interest rates, but the tourism industry is happily raking in the extra dollars. With most sectors struggling to grow after a 2009 recession, tourism has stood out as a rare bright spot, as the weaker rand makes it cheaper for visitors, mostly from Europe, to come ...

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