MyPE

Community Business Directory, Event Listings, News and Views from Gqeberha, Nelson Mandela Bay

The Economic Impact of the Springboks test could be North of R150 Million

By

The Nelson Mandela Bay Business Chamber is excited to have the South African national rugby team, the Springboks, in the city and we look forward to them playing against Argentina in the opener of The Castle Lager Rugby Championship at the Nelson Mandela Bay Stadium this Saturday.

Nelson Mandela Bay Business Chamber Acting CEO Prince Matonsi said it is the NMBBC’s hope that the Boks will bravely defend their unbeaten track record at the Nelson Mandela Bay Stadium.

The Nelson Mandela Bay Business Chamber believes in developing a competitive sport and leisure sector in Nelson Mandela Bay that benefits the greater economy of our region.

Last year, a capacity crowd watched the Boks beat Ireland in Nelson Mandela Bay. From a previous independent economic impact study conducted by an international auditing firm, it is estimated that the direct, indirect and induced economic impact of such a test match is valued at R155-million.

The study found that of the R155-million contribution to GDP, around R32.2-million flows to low income households and the total number of temporary jobs created or permanent jobs sustained with just one test match in Nelson Mandela Bay is estimated to be 447.

The direct spend portion of the total impact (estimated at R71-million) is predominantly made up of spend by foreign tourists visiting South Africa for the test, followed by domestic visitors travelling to and staying in the city, who mainly originate from Gauteng.

“We encourage everyone to support the team on Saturday as we know the boys in green and gold will play their hearts out for their Nelson Mandela Bay fans. Thank you to the businesses, particularly those operating in the tourism and hospitality sector, that will prove to all the visitors just why we are called the Friendly City,” said Matonsi.

There are still tickets available for the clash, through Ticketpro.

The following two tabs change content below.
My Twitter profileMy Facebook profileMy Google+ profileMy LinkedIn profileMy Flickr profileMy Pinterest profile

Alan Straton

Chief Cook, Bottle Washer and Broom Mechanic at MyPE
Passionate about Port Elizabeth and definitely NOT packing for Perth. Alan's ethos is epitomised in the words of Nelson Mandela; "I have fought against white domination and I have fought against black domination. I have cherished the idea of a democratic and free society. If need be, it is an ideal for which I am prepared to die." See more articles by Alan.