https://www.engineeringnews.co.za
Africa|Logistics|Rental|Safety|SECURITY|Tourism|Equipment
Africa|Logistics|Rental|Safety|SECURITY|Tourism|Equipment
africa|logistics|rental|safety|security|tourism|equipment

Cape Town reports nearly R4bn boost from 2023 events

Image from th e2023 Netball World Cup

The 2023 Netball World Cup was held in Cape Town

11th January 2024

By: Irma Venter

Creamer Media Senior Deputy Editor

     

Font size: - +

The City of Cape Town has reported an almost R4-billion boost from the raft of events hosted in the Western Cape capital last year.

This includes Africa’s first Netball World Cup, the ICC Women's T20 World Cup, the first Formula E race in sub-Saharan Africa, the Loeries Creative Week and the return of Tweede Nuwe Jaar Minstrel Street Parade.

The City of Cape Town’s Events Permit Office says it issued permits for more than 1 200 events in 2023.

Research studies on three key events hosted in the city during this period revealed a R2-billion economic impact. 

“This is a holistic impact on the economy, which includes direct and indirect economic impact, and destination marketing, among others,” explains the city.

A further R1.9-billion in economic activity was generated by 20 of the events hosted in the calendar year. 

“This is the actual direct spend by event attendees, participants and event organisers in Cape Town.”

The top 20 events also created more than 26 000 job opportunities for people in the greater events ecosystem, including security, catering, logistics, production and transportation, among others.

“The importance of these economic spin-offs from events cannot be overstated. We have seen over the last couple of years how events can become catalysts for growth for other sectors in the value chain, including accommodation and food, travel, local retail and tourism attractions here in Cape Town,” says City of Cape Town Safety and Security MMC JP Smith.

“We have also seen that an overwhelming majority of event organisers use local suppliers for logistics, equipment rental, security, production, staffing and hospitality. 

“Additionally, hosting a number of local and international events has helped tremendously in promoting Cape Town as a premier tourism destination to a global audience.”

 

 

Edited by Creamer Media Reporter

Comments

Showroom

Hanna Instruments Image
Hanna Instruments (Pty) Ltd

We supply customers with practical affordable solutions for their testing needs. Our products include benchtop, portable, in-line process control...

VISIT SHOWROOM 
Rio-Carb
Rio-Carb

Our Easy Access Chute concept was developed to reduce the risks related to liner maintenance. Currently, replacing wear liners require that...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 19 April 2024
Magazine round up | 19 April 2024
19th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.082 0.131s - 139pq - 2rq
Subscribe Now