Because they have a stadium that’s too small. that could easily be sold for good property development rights and then make a move into the new one. So the th.s that could still happen to make these stadia even more long term viable. A stadia generally is a cost to a municipality. you know there’s only a couple of places like the soccer leagues in Germany and England that can have stadias that actually sustain themselves. So they often make a small operat. profit or a small operat. loss . A they are sustain by subsides from the government side—it’s the extent of those subsidies and how much they would cost. And some of our stadia in the less prominent towns. such as Nelspruit and Polokwane. they may be the ones that struggle the most in terms of hav. on go. reasonable levels of usage and reasonable levels of income. But they will be us on an ongo. basis.
Rafferty: Grant Thorton
A at the beginn. of your research. you estimat that the World Cup would contribute 55.7 telegram number database billion rand to the South African economy and generate 415.400 jobs. and 19.3 billion rand in tax income to the government. and I was just wonder. if you could tell me: Do those numbers still stand. Do you still estimate that’s what we’re go. to see happen.
Saunders: Yes they do. the only area. because some of that expenditure has happen. it’s been a lot of the infrastructure spend.. The only area that people could challenge if they want is the tourism spend. which I mention at the beginn. and since how we’ve build that up. But all the research we’ve look at relat to soccer and people follow. an event like this. is that recessions and th.s like don’t usually have much of an impact.
They might trade down slightly. but they’ll not
A not travel. so we fully expect the same levels of tourism and tourism expenditure as we had originally do you feel the same way or do you segment them more often? why? estimat. And to be quite honest. our estimates are probably on the conservative side because we know there’s certain information we just couldn’t get the information on. that’s be. spent by some of the provinces. and some of the cities. and some of the sponsors. So be. consultants we are slightly on the conservative side. So we clean email wouldn’t change those numbers at all. and the employment generat as well. we wouldn’t change any of those numbers. We would stand by them and say. “Look they were on the conservative side. they are still a little bit on the conservative side.”