VOICED : Tourists profit from South African curren

VOICED : Tourists profit from South African curren

Assessment

Interactive Video

Business

10th Grade - University

Hard

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Cape Town, known for its beaches and mountains, is attracting more tourists due to the weak South African Rand, which has hit a five-year low against the dollar. This depreciation benefits tourists and exporters in the short term but poses long-term economic challenges. The Rand's decline is influenced by US economic policies and domestic labor strikes. Despite fears of inflation, prices remain stable, offering tourists more value.

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OPEN ENDED QUESTION

3 mins • 1 pt

What new insight or understanding did you gain from this video?

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