There has to be a silver lining out there and production value is it. Better exchange rates can make up for lost budget.
The fairly dramatic fall in the value of the South African currency is probably one of the lesser advertised facts about the past 8 months. From an average of R16.20 to the Euro from October 2019 to March-end 2020, the Rand value dropped to R19.94 from the beginning of August 2020 to mid-October. Since October it has fluctuated between R19 and R18.18 – representing up to 23,14% drop in value. In production budget terms, a key crew member costing 247 Euro per day last season will be available now for between 201 – 217 Euro per day.
The USD variation over the same period represents up to 15.3% saving.
On top of that, we are able to negotiate good hotel rates on your behalf as the South African tourism industry needs to fill its rooms.
Another budget-securing option is to lock in an exchange rate to safeguard against currency fluctuations. Please contact us if you‘d like more information on this.
Feel free to get in touch any time if you’ve got questions or want us to quote on a board. We’re #reloaded.