: 2009/03

The best daily newspaper portal! A gateway to news from all over the world. The best for news, sport and show business.
World newsSports

South Africa :$200m boost for SA economy

Added |2009, April

The hosting of the Indian Premier League (IPL) could see South Africa pocket US$200 million that would go a long way in boosting the economy. The IPL will be followed by the British Lions Rugby tour and the International Cricket Council's Champions Trophy...

Government spokesperson Themba Maseko said these events provided an opportunity for South Africa to build a momentum ahead of the FIFA Confederations Cup and the 2010 FIFA World Cup.

“The upcoming sport bonanza will go a long way towards cementing South Africa as a venue of choice for hosting international sporting events,” Maseko was quoted by BuaNews as saying.

IPL Chairman and Commissioner Lalit Modi recently said 22,000 hotel rooms had been booked with Southern Sun Hotels, 10,000 domestic flight bookings were made and millions of Rands were expected to be spent on tickets, food and beverages, transport and merchandise.

"If we look at some of the key statistics it is clear to me that the economic benefits should be significant," he said in a statement following a press briefing in Cape Town. He said South Africa was always suitable from a logistical and infrastructure point of view and it was the welcome given to the IPL by ordinary South Africans that could see the tournament staged in SA in the years to come.

Modi said about 700 people, including a large number of people who had relocated from India, were currently working full-time in South Africa on preparations.

"This includes the Central IPL and IMG event team of 60, a television and digital media crew of over 200, the eight team franchises bringing about 30 playing staff each along with 20 coaching staff, executives and team owners for each team."

Modi said a number of companies had also been hired at the end of March to assist with security, broadcast support, PR and advertising, event management, entertainment, travel, hospitality and ticket sales.


BVC Airlines biofuel test successful

In any case, that's probably two to three years away from actually happening. We won't have any sense of the commercial viability for some time yet," Barthe Cortes said..


Zimbabwe stands 'on a precipice'

Zimbabwe is standing on a "precipice" as official results from Saturday's general election start to trickle in, the opposition has said. Leading Movement for Democratic Change official Tendai Biti says party leader Morgan Tsvangirai has won 60% of the vote, against 30% for Robert Mugabe.>>

The nation of Abu Dhabi has bailed out a failing American bank How shall we thank them?

pay $5 for a gallon of gas
make every female employee of Citi Bank wear a burqa
sentence Nancy Pelosi to 200 lashes