While the future is uncertain, the growth in tourism in South Africa, specifically with Asian travelers is creating a positive impact on the economy. ... read more
But South Africa's economy was already slowing down before the crisis hit, the report says, falling from a peak of 5.5% in 2007 to 3.7% in 2008. Although South Africa proved more resilient than most OECD countries, output shrank by 1.8% last year, the country's first recession in 17 years. read more