How Brexit threatens South Africa’s biggest source market

The United Kingdom’s withdrawal from the European Union after a close vote by its citizens could hurt travel from the UK to South Africa. The pound took a knock after the vote was announced, and some analysts have warned that the UK economy will be weakened by the move.

David Frost, Satsa CEO, expressed concern, pointing out that the UK is the South Africa’s largest overseas source market for tourism. “From that point of view, I don’t think it’s good news for us,” he said, adding that while the impact of the move remains to be seen, it’s unlikely to be good.