Monday, 06 November 2017 12:05

SA preferred candidate to host 2023 Rugby World Cup

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South Africa has been named the candidate best able to fulfil World Rugby’s criteria for hosting the 2023 World Cup, outbidding France and Ireland. Hosting the tournament could produce major benefits for South Africa with a forecast R27bn in direct, indirect and induced economic impact for the country.

It is estimated that R5.7bn of that would flow to low income households, while 38 600 temporary or permanent jobs would be sustained with an estimated R1.4bn direct tax benefit to government.

The tournament promises the largest ever attendance for a final, with 87 436 spectators at FNB Stadium.

South Africa’s 827-page, 8.2kg bid book included a commitment from the South African government to exceed the minimum guarantee of £120m (€135m) required by World Rugby with an additional guarantee of £40m (€45m). SA Rugby forecast another £60m (€67m) in profit for World Rugby from hospitality sales, and savings on event costs because of the exchange rate.

However, the deal isn’t closed just yet. The recommendation will now be put to the vote of the World Rugby Council in London on November 15.

Source: TU

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