CAPE TOWN - The Cape Chamber of Commerce and Industry said the Women's T20 World Cup would be another positive revenue spinner for the city.However, it said more transparency was needed on the profits made during the hosting of big sporting events and who benefitted from them.
Chamber president Jacques Moolman said the City of Cape Town had the responsibility to play open cards with the broader business community. "The city and event organisers have the mechanisms to calculate the numbers and estimates of the average spent of visitors attracted to these events. But it would be interesting [to see] a more detailed breakdown of where and how that money is spent and exactly who benefits. The general principle is that the economic benefit of a major event is felt throughout the economic landscape."
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Mining industry ‘shot out the lights’ in 2022, Minerals Council saysBut ports and rail corridors undermined the potential of the sector with the opportunity cost resulting from constraints rising to R50bn in 2022
Source: BDliveSA - 🏆 12. / 63 Read more »