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Traditionally, South Africa has been an expensive destination to visit, but recent currency fluctuations mean that it's becoming a cheaper destination for tourists.
An upgraded public-transportation system, new hotels, and new urban infrastructure projects like the Fan Walk will make Cape Town much more tourist-friendly. Even safaris to Kruger National Park seem to be more affordable now. For even better discounts, visit in the Spring or Fall (March to May, September and October), when it's not peak tourist season.