Airbnb generated nearly R10bn for SA in 2018, underlining its small but significant role in the ailing economy as the short-term rental company battles regulators seeking to limit its impact on private housing and the hotel industry.
SA has proposed a new set of rules under the Tourism Amendment Bill that, if enshrined into law, will specify how much an Airbnb host can charge in rentals and the number of nights guests can stay at chosen locations.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.
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