Tourists in South Africa are happy. It’s not because of great sites, accommodations, or adventures. Tourists are happy about the country’s weak rand.
The Rand is hovering around 10.87 against the U.S. dollar.
“The plunge comes as tourists flock to Cape Town — named as the world’s top place to visit in 2014 by The New York Times — for the peak southern hemisphere summer season armed with hard currency,”reports CTV News.
“From a visitor perspective, it all bodes well for international visitors coming to Cape Town,” said Cape Town Tourism CEO Enver Duminy.
International visitors spent an estimated $1.2 billion (12.7 billion rand) in 2012 in the city and this year it is expected to be even larger.
“If you look at our key source markets — U.K., U.S., Germany, Netherlands — the exchange rate is in the favor of those travllers,” said Duminy.
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