SA Treasury's Cost-Cutting Measures Raise Concerns for Hospitality Industry

  • 📰 SATodayNews
  • ⏱ Reading Time:
  • 48 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 51%

日本 ニュース ニュース

日本 最新ニュース,日本 見出し

In a bid to bolster fiscal responsibility and reduce government spending, the South African Treasury has amongst other cost-cutting, implemented restrictions on government travel, conferences, and catering, which is causing significant apprehension within the hospitality industry. ANEW Hotels & Resorts Sales & Marketing Director, Alan Campbell says although well-intentioned from a fiscal perspective, the decision […]

In a bid to bolster fiscal responsibility and reduce government spending, the South African Treasury has amongst other cost-cutting, implemented restrictions on government travel, conferences, and catering, which is causing significant apprehension within the hospitality industry.

“The tourism and hospitality industry relies heavily on government-related travel, bookings, and events, playing a pivotal role in sustaining the local hospitality sector. This announcement could jeopardise tourism just as we were recovering from a series of unprecedented challenges, including the COVID-19 pandemic.”

He advocates for a more consultative approach with industry bodies to plan for and assess the long-term consequences of these restrictions and to offer a timeframe within which to adjust. “Collaboration, innovation, and flexibility will be crucial in sustaining the industry and safeguarding jobs and economic growth. ”

“A reduction in government-related travel could lead to a freeze on new appointments, reduced working hours, and the postponement of upskilling programs. This, in turn, would have a detrimental effect on the livelihoods of many and could exacerbate unemployment rates,” warns Campbell.

このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 44. in JP
 

コメントありがとうございます。コメントは審査後に公開されます。

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

Asia stocks fall as treasury yields, dollar higher: Markets wrapSpot gold fell 0.1% to $1 913.89 an ounce.
ソース: Moneyweb - 🏆 5. / 77 続きを読む »