25 May 2023

Tourism minister presents budget, outlines key priorities

South Africa's Tourism Minister, Patricia de Lille, presented her budget to Parliament on 24 May 2023. In her speech, de Lille outlined the key priorities for the tourism sector in the coming year.

Tourism performance

South Africa's tourism sector is showing signs of recovery, with international arrivals increasing by 152% in 2022 and 102.5% in the first quarter of 2023. The African continent is the leading source market, followed by Europe and the Americas.

In the first quarter of 2023, foreign direct spending soared to R25.3 billion, marking a 143.9% increase compared to Q1 of 2022. The top source markets in Q1 of 2023 were Zimbabwe, Mozambique, Lesotho, and Eswatini.

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Source: Bizcommunity