What hosting the Rugby Sevens means in monetary terms

Cape Town played host to the global Rugby Sevens Tournament over the past weekend. According to Western Cape MEC for Economic Opportunity, Alan Winde, the event helps attract locals and tourists to the City and creates opportunities for entrepreneurs.

He said while the latest stats were still to be tallied, the City put up R2 million last year for the sporting event to pay for traffic support services.

It's R500 million worth of economic value for the City and it's a fantastic event to kick off the festive season. This figure is based on last year's numbers and analysis of where people came from... in excess of 100 000 over two days. These analytics help us work out average spend and gives us an economic value.

Alan Winde, MEC

Twenty five percent of sales goes to international visitors and for this type of event that's a huge percentage of visitors. Forty-five percent of people come from other parts of the country. If anyone gets on a plane or drives to Cape Town, books a hotel, hires a car, eats at a restaurant... this kicks off the domestic holiday season.

Alan Winde, MEC

Winde spoke to Cape Talks Kieno Kammies about the opportunities for entrepreneurs in the textile industry during this event, listen here:


Recommended

by NEWSROOM AI
Read More
'Clicks false-positive pregnancy tests causes a lot of heartbreak'

'Clicks false-positive pregnancy tests causes a lot of heartbreak'

Some of the women who used these tests shared their heartbreaking stories with Business Insider Online.

Tax payers could go back to filing returns manually if Sars system not fixed

Tax payers could go back to filing returns manually if Sars system not fixed

Marc Sevitz of Tax Tim says it is scary to think the system might collapse and taxpayers will have to file manually.

World Food Day: Obesity becoming a major problem in South Africa

World Food Day: Obesity becoming a major problem in South Africa

Researcher Florian Kroll says the problem of obesity is attributed to the kind of food people eat and the choices people make.

Naas Botha weighs in on Springbok woes

Naas Botha weighs in on Springbok woes

Former bok fly-half and rugby commentator says decisions must be made that are best for rugby and not for individuals.

SA Rugby Coaches' Indaba to kickstart new direction for rugby

SA Rugby Coaches' Indaba to kickstart new direction for rugby

The two-day conference taking place in Cape Town hopes to engage all key participants in plotting a way forward for SA rugby.

Bok player's wife under attack on social media

Bok player's wife under attack on social media

Rachel Kolisa, wife of Springbok Siya Kolisi, took to twitter last week to expose those attacking her inter-racial relationship.

Popular articles
I worked for that money! - Robert Madzonga (VBS shareholder Vele Investments)

I worked for that money! - Robert Madzonga (VBS shareholder Vele Investments)

The Money Show’s Bruce Whitfield interviews Madzonga, who claims innocence and that Chairperson Tshifhiwa Matodzi lied to him.

Take a look inside BMW South Africa’s high-tech X3 producing factory

Take a look inside BMW South Africa’s high-tech X3 producing factory

The Rosslyn plant makes 15 BMW X3 SUVs per hour for export around the world. Bruce Whitfield interviews BMW SA's, Tim Abbott.

The sun sets on Zimbabwe’s new dawn as inflation hits 155%

The sun sets on Zimbabwe’s new dawn as inflation hits 155%

Here we go again… The Money Show’s Bruce Whitfield interviews Africa Connected Host Lee Kasumba.

Pick n Pay sells most groceries in 5 years

Pick n Pay sells most groceries in 5 years

Recession? What recession? The Money Show’s Bruce Whitfield interviews Pick n Pay CEO, Richard Brasher.

Support for #CherlyZondi as she wraps up her testimony against Tim Omotoso

Support for #CherlyZondi as she wraps up her testimony against Tim Omotoso

Wits Institute For Social Economic Research research associate Lisa Vetten looks at how witnesses cope on the witness stand.

Sanral considers new measures to 'aggressively' tackle Gauteng e-toll defaulters

Sanral considers new measures to 'aggressively' tackle Gauteng e-toll defaulters

Discussions between Sanral, and the Ministers of Finance and Transport have apparently reached an advanced stage.

'The EFF presser was about blaming Pravin Gordhan'

'The EFF presser was about blaming Pravin Gordhan'

Eyewitness News reporter Clement Manyathela gives a summary of what came out of the EFF presser.

'Racism is a daily thing in Hartbeespoort'

'Racism is a daily thing in Hartbeespoort'

Hartbeespoort Community Development Initiative spokesperson Russel Baloyi talks about racism in the community.