Durban games could give economy R20bn boost
Fin24

Durban games could give economy R20bn boost

2015-03-05 11:15

Cape Town - Hosting the 2022 Commonwealth Games could deliver a R20bn boost to South Africa's economy, Minister in the Presidency Jeff Radebe said on Thursday.

Briefing journalists at parliament following cabinet's fortnightly meeting on Wednesday, he noted that Durban had earlier this week formally lodged its bid to be host city in London.

"Hosting of these games can potentially create approximately 11 650 jobs and boost the country's economy by an estimated R20bn.

"Another legacy of the games will be an integrated transport system for Durban for which the plans have already been approved," he said.

Comments
  • James Bergwerff - 2015-03-05 11:17

    YAWN ............. ZZZZZZZZZZZZZZZ

      George Anderson - 2015-03-05 12:16

      They said the same thing with the arms deal. What did we get, F#$%^K all

      watchman - 2015-03-05 13:34

      They said the same about the soccer world cup and we are still paying for that fiasco so I certainly don't believe there is any income to be gained other than the favors for connected cadres once again.

      Scouter Four-One - 2015-03-05 14:08

      I very much doubt that anyone is prepared to gamble on where SA will be in seven years time based on it's current woes. Something akin to playing Russian roulette with five rounds in the cylinder ...

      Psychlone Penguine - 2015-03-06 12:14

      Might be true... But only if the cANCer is removed by then.

  • Ben Petzer - 2015-03-05 11:23

    What will it cost????

      Justin Joubert - 2015-03-05 11:42

      It will cost R20Bn! So at the end, they will be back at R0Bn and the 11 000 people will be unemployed again

      Aqua Alex Hart - 2015-03-05 11:54

      will cost 40bn and tax and rate payers will have to pay back the debts. And 95% of the jobs will be temporary.

  • Paul Halley - 2015-03-05 11:29

    could, maybe, should, would....blah blah 11,000 short term flag wavers, uneconomical infrastructure that should have ben built anyway and the only certain thing is it will cost a specific amount of money - the bid alone has so far cost a few million and Zumas buddy has bought the Royal Hotel possibly in anticipation of this and other "events" that Durban will secure....were not as stupid as you look! We have bigger economic priorities than the ANC / Zulu ego right now

  • Duncan Gohl - 2015-03-05 11:29

    20 billion in bribes to Zuma's cronies and debt for the next 30 years!!!!!!!!!!!

  • Marius De La Rey - 2015-03-05 11:37

    Durban welcome to E-toll we hope you enjoy your stay!

  • fransvisserdsb - 2015-03-05 11:40

    did we not hear the same thing before the soccer world cup? and what was the benefit to the economy? Don't get me wrong, if they can get away with minimal spending, as Durban already has a sporting precinct around the Moses Mabida stadium, with Kings park rugby stadium and the swimming pool - just some upgrading of transport infrastructure, and upgrading of the stadiums, great... But we built the soccer stadiums for the world cup, and the masses did not come...

      Whiz Bang - 2015-03-05 14:55

      But the bid cost R98m I think.

  • John Harris - 2015-03-05 11:41

    anarchy nepotism and corruption cadres get the R20bn, the taxpayers and ratepayers get a R40bn shaft.

      deepchund.ramchurren - 2015-03-06 11:10

      Well said John. We must oppose these games tooth and nail.

  • Aqua Alex Hart - 2015-03-05 11:52

    I can't remember what was the net effect for different cities hosting the soccer world cup again? How many billions did we make?

      Sickup Andfed - 2015-03-05 12:04

      Durban has a soccer stadium that is still unable to support itself.

  • Billy Andrew Croucamp - 2015-03-05 12:43

    Durban games could give economy R20bn boost ... of which zooooooma will steal as usual to feed his tribe at Nkandla.

  • Theo Martinez - 2015-03-05 13:18

    Amazing how the government can just spin everything. What has been the fallout from the worldcup which was predicted to deliver paradise? No permanent jobs. As we now also know electricity maintenance was derailed to keep the lights on then (so future impact of government actions was just ignored to keep the show on the road). Big debt for many people whom invested in B&Bs etc but then fell outside the FIFA-maffia-clan. Massive financial management burden for the cities with those shiny new stadiums of which many are not used at all - or hardly - now. So the show will come with a hefty price tag for which tax payers will pay for years to come.

  • Riedewaan Chalklen - 2015-03-05 13:37

    like world cup and white elephant stadiums

  • mandy.erickson.71 - 2015-03-05 14:09

    Another lie from the ANC to enrich connected individuals

  • Whiz Bang - 2015-03-05 14:53

    Durban already has a People Mover bus system that can be seen driving around all day with no-one on them. All durban got from the World cup was a massive stadium that nobody can afford to hire so costing the rate payers R25m per year. R20b? Get real.

  • Truth24 - 2015-03-05 20:10

    R20bn boost at a cost of R40bn

  • Eksdom Zuma - 2015-03-05 21:19

    5 times around Nkandla? Julius Jacob That other fat zuma bloke. And one police cop for good measure. I will pay money to watch that. :D

  • MOON2-ZN - 2015-03-06 07:20

    Balderdash...!!!! But all my municipal bills continue rising...!!!! Only the business and wealthy benefit.!!!! Commonwealth games..!!!! No..no..no...!!!!!

  • deepchund.ramchurren - 2015-03-06 11:08

    It will definitely boost the size of the wallets of a select few, while the majority will continue coughing up for the debts incurred. The white elephants of the 2010 world cup is proof.

  • Chris Mostert - 2015-03-08 14:08

    Crap ,please can i get a tender contract.Need a Hummer.

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