Should South Africa host mega-events?

Evidence has shown that the costs of putting on events such as the FIFA World Cup or Olympics outweigh the benefits. So why are countries still so eager to host them?

Johan Fourie

One of my aspirations when I was in high school was to bring the Olympic Games to CapeTown. Imagine a brand new athletics stadium and athletes’ village at Ysterplaat. Athlone Stadium could play host to sevens rugby, while CapeTown Stadium would host all football games. Bellville velodrome would play host to cycling, Camps Bay beach volleyball, the Waterfront sailing, and Langa could get a brand new boxing venue that could serve the community long after the Olympics are gone. The sports stadiums would, of course, be just one element of a much bigger infrastructure drive. The largest innovation will be in transportation: a new airport, built on the N7 to Malmesbury, would allow CapeTown to increase international arrivals from 2m to 10m. A new CapeRocket mass rapid rail network would connect…

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Finweek - English (Digital) - 1 Issue, 19-oct-17

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