Robben Island Museum: We're financially stable despite new pricing model

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Robben Island Museum: We're financially stable despite new pricing model
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Robben Island Museum: We're financially stable despite new pricing model | Fin24

Robben Island Museum recently revised its pricing model after 22 years to enhance its long-term financial sustainability, but the museum maintains it is currently financially stable.that Robben Island will implement a two-tier pricing model, charging locals and foreigners separate rates for an entry ticket. Locals will pay less than foreigners to visit the former prison which held freedom fighters such as Nelson Mandela, Govan Mbeki and Ahmed Kathrada.

According to the 2017/18 annual report tabled in Parliament, the museums net cash position stood at R247m in 2018, up from R217m reported in 2017. This is also substantially higher than the R179m reported in 2016. RIM has said that during the drought years, visitor numbers increased, due to reduced weather-related cancellations. Following the drought, there have been increased weather-related cancellations, reducing visitor numbers.

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