kilos
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ALSO Interesting 250 page document about the following regarding
http://bit.ly/fifa2010-ZA
http://bit.ly/fifa2010-ZA
- Soccer City: What it says about the murky world of government tenders
- Tendering irregularities in the Eastern Cape
- How FIFA corruption empowers global capital
- FIFA’s ‘official’ suppliers: Shadowy tenders and conficts of interest at Match
- Costs of the stadium to the public and similar corruptions charges in other FIFA held
- Public loss, FIFA’s gain: How Cape Town got its ‘white elephant’
- Durban’s Moses Mabhida Stadium: Arch of hope or yoke of debt?
The World Cup has brought Port Elizabeth a stunning new landmark in its oceanside stadium, but questions remain about who will fill the stands once the global football fans leave.
"In the South African case, all the stadiams were either renovated or constructed by the government. That means that the commercial consideration was never primary," said economist Stan du Plessis of Stellenbosch University.
"Some of these stadiums are simply not going to be in a position to cover their running costs. In that sense, they will be loss making."
South Africa has poured R20-billion, multiples of the original estimates, into 10 stadiums in nine cities to showcase Africa's first World Cup.
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