VOICED : Tourists profit from South African curren

Cape Town's appeal as a tourist destination is enhanced by the weak South African Rand, making it more affordable for foreign tourists. The Rand's depreciation, driven by US economic policies and local labor strikes, has led to increased tourist spending and foreign arrivals. While this benefits the tourism sector in the short term, it poses long-term challenges for local businesses due to rising input costs. The Rand's value loss raises concerns about potential inflation, although prices have not yet increased.

Discuss the impact of the Rand's depreciation on local consumers and importers.

What are the long-term implications of the Rand's value loss for exporters in the Cape Region?