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INCENTIVES that Finance and Economic Development Minister Mthuli Ncube extended to tourism industry through the 2020 National Budget, will give impetus to recapitalisation efforts and enhance quality of service and product offering, the regulator and captains of industry have said.
Tourism is one of the fastest growing industries in the world. Its rapid expansion has been considered as an interesting possibility for sustainable development including poverty reduction in many countries.
The sector’s strategic importance stems from the fact that the tourism sector has some form of resilience to challenges that may affect other economic sectors.
ALL SHARE
The All Share index closed the week on a higher note adding 0.84 points 0,35 percent to close at 241.44 points. Old Mutual Limited recovered $2,3446 to $33,5000, Afdis rose by $0,4000 to $3,0000 and Meikles was $0,0200 stronger at $2,1000. Bindura also gained $0,0084 to $0,1684 and ZPI was $0,0075 firmer at $0,0525.
Gains were partially offset by losses in Delta which eased $0,0601 to $3,8697, Axia dropped $0,0261 to $0,7127 and Econet was $0,0196 weaker at $1,6669. Padenga also decreased by $0,0088 to $2,9008 and OK Zimbabwe ended $0,0039 lower at $0,7900.
Bongani Ndlovu