| Smaller tour operators eager to benefit from 2010 - 12/04/2006 |
Government is to set up talks between large tour operators and their smaller counterparts ahead of the 2010 WC. Business Day reports that "this is to ensure smaller tour operators benefit from the event. Environmental Affairs and Tourism Minister Marthinus van Schalkwyk said there was a need to bring the smaller operators together to discuss short- and long-term assistance programmes."
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Full Business Day report
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| No construction during the World Cup, says Fifa - 10/04/2006 |
The 2010 WC is coming to SA at a huge price. The Sunday Times reports that "Fifa has given PE a list of contentious demands for the football bash - among them that all construction in the city must be halted for the entire months duration of the competition."
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Full Sunday Times report
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| Government commits to R242bn for 2010 WC preparations - 30/03/2006 |
The government has committed itself to spending about R242bn to prepare for the Fifa WC in 2010 - over half of the countrys annual budget. The Pretoria News reports that "all the money is going into the development of infrastructure that will remain for future use."
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Full Pretoria News report
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| Durban invests in serious urban renewal for 2010 - 28/03/2006 |
Durban will attract R10bn in investments ahead of the 2010 WC as the citys transport system is upgraded and a new stadium, training facilities and hotels are built. According to Business Report, "Mike Sutcliffe, the city manager of the eThekwini municipality, said that R1.8bn would be used to build the Dube Tradeport and King Shaka International Airport, R1.6bn for a new stadium, R2bn for upgrading transport networks and R3bn for hotels."
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Full story in Business Report
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| What is soccernomics? - 28/3/2006 |
A German Italian final in the 2006 Soccer World Cup with Italy winning is the best case scenario for the global economy. In a column on the iafrica.com site, Bruce Whitfield says "Dutch economist Nico Klene explains soccernomics. Soccernomics: you’ve got to love the term but it’s a real thing. Certainly part of the huge boost in confidence in SA since being awarded the 2010 World Cup. Well the boffins at AMB Amro, the Dutch investment bank have been doing their sums about the economic impact at the 2006 World Cup, on the global economy. And it’s a real piece of research."
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Full column on the iafrica.com site
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| Car sales to reach a million in 2010 - 15/03/2006 |
The countrys total number of new vehicles sold is likely to rise 17% from last years 618 011 to 725 000 this year, FirstRand vehicle finance subsidiary, WesBank said. According to a report on the iafrica.com site, "the industry projects a 10% growth while McCarthy anticipates a nine percent rise to a total of 675 000 new vehicles."
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| SA workers look to 2010 WC for jobs - 14/03/2006 |
South Africans are confident that the 2010 WC will bring increased job opportunities and improved economic growth to the country, according to a survey conducted by the Human Sciences Research Council. The Mercury reports that "respondents also believed that the event would consolidate South Africas position in the international arena. However, respondents were almost equally divided whether these expected benefits would be of a lasting or short term nature."
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Full report in The Mercury
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| Consumers brim with optimism as consumer confidence index rises - 23/02/2006 |
SA consumers are brimming with optimism, with the FNB/BER consumer confidence index rising to a level seen only once in the past 25 years. Business Day reports that "the index, compiled by FNB and the Bureau for Economic Research at Stellenbosch University, rose to 20 in the fourth quarter, from 17 in the previous quarter. The only other time it reached this level was amid the euphoria of SA being awarded the 2010 Soccer World Cup in the second quarter of 2004."
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Full Business Day report
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| SA to spend R5bn on 2010 - 15/02/2006 |
SA will spend up to R5bn on infrastructure for the 2010 WC, the National Treasury said. Presenting the governments 2006 budget, Finance Minister Trevor Manuel said about R3bn of this would be set aside over the next three fiscal years. According to a report on the News24 site, "details of project allocations have not yet been allocated, but we will spend up to R5bn in dedicated infrastructure for the World Cup. SA has secured the rights to host the 2010 soccer showpiece and plans to use a maximum of 10 stadiums - five of which will be constructed, with the remainder being refurbished."
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Full report on the News24 site
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