Register now for Fin24 Dashboard and get access to portfolios, watchlists, financial comparison tools, and a whole lot more to help you achieve your financial goals.

Data provided by McGregor BFA
All data is delayed
Loading...
Where am I? Home
 
Prices are delayed by 15min.
Join the Fin24.com conversation about JSE-listed stock by using every time you tweet.

'Fifa agency will hurt SA co's'

Nov 05 2008 07:24 Antoinette Slabbert and Riana de Lange

Related Articles

2010: Fans to spend R40bn in SA

2010 costs soar by R3bn

2010: SA R2bn over-budget

'SA has enough rooms for 2010'

Fifa strikes Africa broadcast deal

SA Tourism: Fifa agency a bully

 

Top Stories

Mantashe: We don't need the West

May 23 2012 09:47

Western investors must realise SA does not need their money as it can now turn to fellow Brics members for funding, says ANC secretary general Gwede Mantashe.

Facebook, banks sued over pre-IPO calls

May 23 2012 18:03

Facebook and banks are being sued by Facebook's shareholders, who claimed the defendants hid Facebook's weakened growth forecasts ahead of its initial public offering.

E-toll case goes to ConCourt

May 23 2012 08:10

Several parties, including government, have launched a Constitutional Court appeal against an interdict temporarily halting the e-toll project, Outa says.

 
Share Share line Print

Johannesburg - Match, Fifa's accommodation agent, took business folk in Germany and Korea for a ride, and will do the same here if they get half a chance.

So says Tourism Business Council of SA CE Matsatsi Marobe, in the wake of SA Tourism's withdrawal from the Match advisory committee.

SA Tourism CE Moeketsi Mosola said the organisation cannot protect the tourism industry from Match's bullying attempts to get independent hotels and guest houses to make their rooms available to Match.

Morobe reckons South African businesspeople are fully aware that rooms in Germany and Korea stood empty during the World Cup Soccer fixtures in those countries, and their businesses lost money as a result.

This apparently happened after Match had reserved rooms and then dumped those that they could not sublet back into the market at the last minute.

South Africans also burnt their fingers with Earth Summit 2002, and fear a repetition. They would now rather take firm bookings at profitable tariffs than reserve rooms at low tariffs for Match and possibly sit high and dry in the end.

"Match pulled a fast one on businesses in Germany and Korea and wants to do the same here. They think they are coming to Africa and that we are idiots, but we've done our homework. They must come with decent contracts."

She says the 35 000 rooms that Match seeks are mainly for important guests such as sponsors, the media and teams. Match can't find them and, she says, is now starting to panic.

In the meantime, discussions with managers of independent hotels not associated with Match indicate that some of these sponsors in fact prefer not to do their bookings through Match. They are insisting on a South African tour operator that does direct bookings with hotels.

- Sake24

 
 
Comment on this story
0 comments
Comments have been closed for this article.
Facebook's intrinsic value
May 23 2012 11:32

When it comes to judging a company’s worth, value investors like Warren Buffett look at intrinsic value. By that measure, Facebook’s shares are worth less than $10. A Reuters analyst breaks down the math. (Reuters)

Sasha

"The way that I read it is simple, more regulation often leads to higher costs, and whilst law makers think that their intentions are well founded, it is generally the customer, in this case the patient that suffers."       Jozi, Jozi. 26 o 12' 16" S, 28 o 2' 44" E . Call it a relief... Read their blog...

Recently updated
Podcasts
The Sishen saga

Legal expert Peter Leon on the increasingly complex legal wrangle over the Sishen Iron Ore mine. Time: 8:17 Listen Here...

Before you list

Is the clarion call of the JSE calling? Listen to Fin24’s expert panel discussion before you list your small business. Time: 17:29

Compare and Buy

Compare and apply for hundreds of financial products from many suppliers.

Credit cards Medical aid Current accounts Think Money

Money Clinic

Money Clinic Do you have a question about your finances? We'll get an expert opinion.
Click here...

Loading...