business1 min read
UCT study puts South Africa’s celebrations economy above R500bn
South Africans’ unyielding passion for gathering is driving a staggering multibillion-rand economy, according to research.
South Africa
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A new UCT Liberty Institute study estimates that weddings, cultural ceremonies, religious gatherings and other celebrations contribute more than R500bn a year to South Africa’s economy, despite mounting financial pressure on households.
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About this article
- Length
- 32 words · 1 min read
- Published
- October 8, 2026
- Source
- IOL