The South African Goverment has squandered billions of rands of hard earned tax payers money on the Soccer World Cup and there are thousand upon thousands of people living in shacks in squatter camps in possibly every city in South Africa.
A Sowetan journalist had this to say, “The World Cup is a colonial playground for the rich and for a few wannabes in the South African elite.”
FIFA is now projecting record earnings of $2 billion, but this is in stark contrast to the losses that have been incurred by the host country. South Africa has to foot the enormous bill for infrastructure improvements and has spent considerably more preparing its country for this footballing extravaganza, there is understandable resentment in South Africa that FIFA will make so much money while their own country ends up with a huge debt. It has clearly been one of the most expensive World Cups to stage.The 10 stadiums are host to 64 matches and will seat more than 570 000 people during the 2010 Fifa World Cup.
The five stadiums built from scratch are Cape Town Stadium, Nelson Mandela Bay Stadium in Port Elizabeth, Durban Stadium, Mbombela Stadium in Nelspruit and Peter Mokaba Stadium in Polokwane.
The five upgraded stadiums are the Royal Bafokeng Stadium in Rustenburg, Free State Stadium in Bloemfontein, Loftus Versfeld Stadium in Pretoria, and Soccer City and Ellis Park in Johannesburg.
COSTS OF MAINTAINING THE STADIUMS
Some stadiums would need between R10 million to R70 million a year for maintenance.
1. The new Peter Mokaba Stadium in Polokwane would need between R10 million and R70 million for maintenance a year, said the city's 2010 director, Ndahve Ramakuela. He said they would appoint a private company to manage the stadium.
Between 10 and 70 - This is a HUGE difference.
Will probably go to one of his family members or buddies with a kick back.
Watch the miss management on this one.
2. City of Johannesburg's 2010 executive director, Sbongile Mazibuko, said the Soccer City Stadium, which would host the World Cup final, would need R1.5 million a month for maintenance.
The cities of Durban and Cape Town and Mbombela Municipality said they had not yet established how much it would cost to maintain their stadiums. They are not sure how much money must go to them - personally!
http://www.property24.com/articles/world-cup-stadiums-to-cost-arm-and-a-leg/11606
http://www.sport24.co.za/Soccer/WorldCup/TournamentNews/Soccer-City-R1bn-over-budget-20100303
C-Max
3/3/2010 6:42 PM
Calabash, my ash - It still looks appropriately like a giant begging bowl to me. .
sean
3/3/2010 10:59 PM
Lol 1 bil over the budget !!! As much as I love soccer , THIS IS A F...N WASTE OF MONEY !!! Do you realy think the majority of S.A`s are going to benefit from the WC ?? To all you positive folks out there good luck !! We`ll see what will happen after the WC !! How they going to maintain the stadiums btw ?? At R 20.00 to watch a game , lol !! Suppose they forgot that it costs a s..t load of money to maintain the stadiums !! Soccer is not big enough in S.A !! Funny how many S.A` s tend to forget we are a 3rd world country !! Imagine all this money was spent on basics like hospitals , housing , education and police !!! At the end FIFA and a few ``big boys in s.a`` are going to make the cash!!!
MB
3/3/2010 5:14 PM
It works out to R40 000 a seat. Lets say at an ave of R100 a ticket for a soccer match. One supporter going to 10 games a year will take 40 years to break-even add 50% to cover interest and running costs means that it will actually take 60 years. R3.2bn is not in the Pedi dictionary. A bunch of Bafoons. (Pedi translation - i clowns, i stupid, i fifa fooled us eish!)
Stan
3/3/2010 5:04 PM
An absolute finacial disgrace. If a private / corporate developer budgeted R2,2bn and it ended up as R3,2bn, heads would roll. Rising price of building masterials.....Parks......garbage. Escalation is always built into fiancial budgets. There is no excuse for cost overuns, just poor management control. Who was managing the finances?.....no need to answer that question! Good luck with the SWC, but an absolute finacial disaster and a disgrace. Tax payers money p1ssed down the drain! Heads should rooll and people should be locked behind bars!!!! A banana republic trying to live a first world dream! Ask the poor and starving what could have been done with R1bn!
JoeBob
3/3/2010 4:59 PM
Haha,very nice stadium- until pirates or chiefs lose their first match, then the entire stadium will be burnt down by their supporters.
Neil
3/3/2010 4:58 PM
Looks like it was made with rust roof sheets! R1 Billion over budget?? I hope I never work on a project with the project manager from this one. Then, again, R1 Billion over budget, he'll probably never get work again anyway...
Big Cheese
3/3/2010 4:54 PM
Only R 1billion ? That's nothing - our pillocks down in Cape Town are R 3billion over !
Gravy Train
3/3/2010 4:41 PM
Johannesburg contracts, projects and tenders are always over budget and that is because Gauteng is the province where all the participants have their fingers in the till all of the time. No surprise here.
Francois
3/3/2010 4:36 PM
R1billion could have fed milions of hungry people in SA, or new houses could be build, or maybe new jobs could be created, but apparently that is not as important as the soccer world cup.
Kanyowa
3/3/2010 4:36 PM
Now that the stadium is done, when will the construction of houses (RDP) for the poor begin?
bryan
3/3/2010 4:28 PM
What a waste and another monument to African excess and bloated egos.
City Life
3/3/2010 4:22 PM
Only 860 parking bays for 87 000 people. Unless you cram 101 people in one car I sincerely hope there will be enough buses.
Filamon
3/3/2010 3:54 PM
In a year from now they gonna need another R1Billion to repair the damages. HAha hahahahehehehhe! Lekka in Africa my brothers!!!!!!!
No comments:
Post a Comment