While we do need to have balanced growth, and I am a great advocate of that approach, we should not be apologetic about the fact that the tourism sector has outperformed all others. Foreign exchange earnings The foreign exchange earning capacity of the sector has helped to offset some of the downside risks of the country’s debt levels.
Stated briefly, the assets of the banking sector have increased substantially; from a nominal value of R281 billion on average, between 1990 and 1994 to an average of R2 100 billion on average between 2005 and 2007.