South Africa is hosting the G20 Finance Track this week at The Capital Zimbali Resort, generating significant economic impact and showcasing the country's ability to host major international events.
Events like international conferences contribute billions to South Africa's economy, with cities like Cape Town securing numerous events and boosting economic growth through business travel.
The Mice industry in South Africa has seen substantial growth, reaching R122 billion, and events like Meetings Africa and Africa's Travel Indaba contribute to increased tourism spending and economic development.
Events tourism not only benefits major cities like Cape Town and Johannesburg but also has the potential to spread economic growth to coastal towns, wine routes, and inland regions, showcasing the country's diverse hosting capabilities.