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With the hope of averting more job losses and business shutdowns in the tourism industry, the Tourism Business Council of SA says a revival plan is needed to ensure South Africa's status as a top tourism destination.
The council says if the government takes clear and decisive action by announcing dates as to when tourism will resume… read more
The COVID-19 pandemic has had a devastating effect on the global aviation industry, but one region which has been particularity hard hit is Latin America.
Firstly, many airlines in the region were struggling to make a profit even before the COVID-19 crisis. 2019 was a loss-making year and the original forecast for 2020 showed a per passe… read more
The South African Airways’ business rescue process is still struggling to find much direction. At the heart of this dilemma is a fundamental clash between the ideologies of using state-owned enterprises as drivers of development and job creation, against running an airline according to sound business principles as a commercial enterprise.… read more
You may be feeling the rhythm of Jamaica when it comes to reopening travel and leadership. In Hawaii, the CEO of the Hawaii Tourism Authority Chris Tatum runs away from the problem, but in Jamaica the Hon. Minister Edmund Bartlett takes the problems hand on, and the world’s tourism experts are watching him ready to follow his lead.
430 Mil… read more
Let us start with a quick review of the performance of Air Mauritius Ltd for the financial year ended 31 March 2019. At that time, there was no confinement, no virus and no social distancing. But our national airline was already infected and was maintaining a distancing from the profit zone! The company reported a loss of €29 million in 2019 as com… read more
With some major setbacks hitting the country in this lockdown period, Weekly speaks to Rundheersing Bheenick, former governor of the Bank of Mauritius. He shares his views on what or who he thinks is the main culprit in the State Bank of Mauritius’ woes and the role of the Bank of Mauritius as regulator and supervisor. He also gives his opinions… read more