SA Treasury's cost-cutting measures spark alarm in the hospitality industry

In an effort to fortify fiscal responsibility and curtail government expenditures, the South African National Treasury recently enacted a series of measures aimed at constraining government travel, conferences and catering expenses. These measures have stirred consternation within the hospitality sector.

It also holds considerable potential for addressing the pressing issue of youth unemployment, which presently stands at an alarming 32.6%. He stresses, ‘Collaboration, innovation and flexibility will be crucial in sustaining the industry and safeguarding jobs and economic growth.

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