Roughly 17% of South Africa's entire workforce is engaged in the informal economy, commonly referred to as the township economy and, for numerous families without access to formal employment, this informal sector serves as a crucial means of support.
18 May 2023: Africa's events industry has grown significantly in recent years, serving as a catalyst for economic development. In fact, foreign investors are increasingly drawn to business tourism in Africa due to the significant growth potential, with the World Travel and Tourism Council (WTTC) reporting that business travel and tourism in Africa is projected to grow at an annual rate of 7.6% by 2028.[1]
18 May 2023: Africa's events industry has grown significantly in recent years, serving as a catalyst for economic development. In fact, foreign investors are increasingly drawn to business tourism in Africa due to the significant growth potential, with the World Travel and Tourism Council (WTTC) reporting that business travel and tourism in Africa is projected to grow at an annual rate of 7.6% by 2028.[1]