Tourism is noted by government as one of the major industries with the potential to drive down the immensely high rates of unemployment in the country – if harnessed to its full potential. The Garden Route and Klein Karoo have in many ways embraced this notion.
Some 10 million passengers passed through Cape Town International Airport in 2016, which accounts for a 36% year-on-year (y/y) increase in international arrivals at the airport in April 2016 when compared to the year prior. The question to ask is where these tourists spent their money, and on what exactly?
As travellers, it is easy to think that we are smart enough to avoid getting ripped off. But the truth is, it happens to the best of us. From getting ridiculously overcharged on cab rides to unknowingly revealing credit card information, travel scams are commonplace the world over.
Anthony Grant, CEO of FNB Foreign Exchange, says: “While it is nearly impossible to know when you will be scammed, it is important to know what kinds of scams exist, and what to do should the situation arise.”
Falling victim to a scam while travelling overseas can potentially ruin your travel… Read More
With the upcoming Easter Holidays in sight, many travellers may be desperate to secure a holiday experience as soon as possible. With that comes the risk of fraudsters who target last-minute travel and accommodation bookers.
Sahil Mungar, FNB Digital Banking highlights that travellers who haven’t finalised their travel plans are more likely to not only pay a premium, but could also fall victim to some online scams. It is easier to miss the warning signs of possible scams and fall victim of fraud when pressured to secure your holiday travel and accommodation,
“Fraudsters exploit potential holidaymakers by falsely advertising holiday accommodation or timeshares on… Read More
Not withstanding the struggling South African economy, the tourism industry is providing a glimpse of hope as one of the critical sectors that will boost growth and promote job creation. The sector posted positive growth numbers in a year where world markets were depressed. Businesses in this sector should be prepared to take advantage of the opportunities presented by local and international developments.
Howard Arrand, Provincial Head of FNB Business in KwaZulu-Natal (KZN) says “the tourism industry contributes an estimated 3% to the national GDP, employing an average of one-in-25 people in South Africa – significantly more than most industries”.
Your journey to your dream holiday destination abroad begins with a little, or rather a whole lot, of planning. Here are a few items to tick off on your list to make sure are ready. So you’ve booked your flights, secured your accommodation and have your travel documentation ready – but did you notify your bank to let them know you’re travelling overseas?
“When planning a trip overseas, make sure your bank is aware of your travel plans so they can advise you on the best foreign exchange solutions,” says Anthony Grant, CEO of FNB Foreign Exchange. “They… Read More