THE BREXIT EFFECT ON TOURISM IN AFRICA

as a result of Brexit, Britain’s trading and investment agreements with the African continent come under focus and the UK’s largest African trading partners, in particular South Africa, Kenya and Nigeria, could possibly see another impact on their financial stability. The UK is South Africa’s seventh largest import and export market with exports to the UK in 2014 totalling R42 billion and imports R35 billion. Analysts predict that South Africa is amongst the African countries that will be worst affected, with the EU as its largest trading partner. Hundreds of existing EU trade agreements may need to be renegotiated by the UK within the next two years, which will disrupt trade and potentially cause a loss of investment into Africa, depending on the strength of the UK’s GDP. Financial analysts are debating how this will impact economies and trade in African a countries and say the full effect remains to be seen.

Tourism is one of Africa’s biggest economic contributors, and the most immediate impact from the Brexit outcome is the value