Cape Town urged to reconsider AFCON event- 17 Apr 2012 00:00:00
The Cape Chamber of Commerce has urged the City of Cape Town to host matches for the 2013 African Cup of Nations, as it will boost business - according to media reports.
Chamber chairman Michael Bagraim told the Cape Times it would benefit the city in the long run.
‘Soccer is good for the city. It puts us on the map, brings tourists from Africa especially and brings money into the coffers of even the smallest businesses.’
The city missed the deadline for the signing of host city agreements last Friday, saying the costs were too high, concerned that the estimated R27 million could swell to around R40 million.
It has been reported that organisers pay 25% of costs, with the National Treasury funding 50%, and the city and the Western Cape government would cover the remaining 25%.
The SA Football Association are likely to make a decision on the host city on Thursday.