2010 FIFA World Cup stadium investment: Does the post-event usage justify the expenditure?
- Humphrey, Luke, Fraser, Gavin C G
- Authors: Humphrey, Luke , Fraser, Gavin C G
- Date: 2016
- Subjects: To be catalogued
- Language: English
- Type: text , article
- Identifier: http://hdl.handle.net/10962/470954 , vital:77403 , https://www.ajol.info/index.php/aref/article/view/162154
- Description: This paper provides an ex-post analysis of the utilisation of the stadiums that were built for the 2010 FIFA World Cup. The South African government invested approximately US $1.57 billion and US $523 million into the development of new stadiums and upgrades to existing stadiums, respectively. This paper determines whether the substantial investments into the stadiums’ infrastructure are justified by the utilisation of the stadiums after the 2010 FIFA World Cup event. A utilisation rate and a stadium usage index were used to analyse the utilisation benefits derived from the stadiums. Generally, the results suggest that there has been a significant decline in the utilisation of stadiums following the 2010 FIFA World Cup. Furthermore, the results indicate that the exorbitant costs of the stadiums for the 2010 FIFA World Cup were significant in relation to the underutilisation of the stadiums in the wake of the event. The 2010 FIFA World Cup has left the country with an expenditure legacy of an oversupply of stadiums, thus making some of the stadiums unsustainable. The results of this study appear to be in line with existing empirical research, which suggests that stadiums tend be underutilised and pose a financial burden for a host nation, subsequent to a mega-event.
- Full Text:
- Date Issued: 2016
- Authors: Humphrey, Luke , Fraser, Gavin C G
- Date: 2016
- Subjects: To be catalogued
- Language: English
- Type: text , article
- Identifier: http://hdl.handle.net/10962/470954 , vital:77403 , https://www.ajol.info/index.php/aref/article/view/162154
- Description: This paper provides an ex-post analysis of the utilisation of the stadiums that were built for the 2010 FIFA World Cup. The South African government invested approximately US $1.57 billion and US $523 million into the development of new stadiums and upgrades to existing stadiums, respectively. This paper determines whether the substantial investments into the stadiums’ infrastructure are justified by the utilisation of the stadiums after the 2010 FIFA World Cup event. A utilisation rate and a stadium usage index were used to analyse the utilisation benefits derived from the stadiums. Generally, the results suggest that there has been a significant decline in the utilisation of stadiums following the 2010 FIFA World Cup. Furthermore, the results indicate that the exorbitant costs of the stadiums for the 2010 FIFA World Cup were significant in relation to the underutilisation of the stadiums in the wake of the event. The 2010 FIFA World Cup has left the country with an expenditure legacy of an oversupply of stadiums, thus making some of the stadiums unsustainable. The results of this study appear to be in line with existing empirical research, which suggests that stadiums tend be underutilised and pose a financial burden for a host nation, subsequent to a mega-event.
- Full Text:
- Date Issued: 2016
Economics of meat production from springbuck in the Eastern Cape Karoo
- Dlamini, Thula S, Fraser, Gavin C G, Grové, B
- Authors: Dlamini, Thula S , Fraser, Gavin C G , Grové, B
- Date: 2012
- Subjects: To be catalogued
- Language: English
- Type: text , article
- Identifier: http://hdl.handle.net/10962/471312 , vital:77440 , https://hdl.handle.net/10520/EJC126711
- Description: The feasibility of springbuck based meat production in the Eastern Cape Karoo was analysed through a stochastic budgeting model, while openly taking cost and price risk into consideration. Monte Carlo simulation of a springbuck-based meat production enterprise was used to quantify the risks that would be faced by springbuck ranchers. Springbuck ranching has been proven a viable alternative in the production of highly nutritious and healthy meat (venison) that is in high demand in European markets and more recently, with a promising and increasing local demand as well. The results indicate that in the Eastern Cape Karoo, springbuck ranching for meat production is a viable business. As the call for more environmentally friendly rangelands utilisation economic systems intensifies, rangelands owners in the Eastern Cape Karoo have a practicable option. At the very least, an alternative to broaden their incomes with springbuck-based meat production exists.
- Full Text:
- Date Issued: 2012
- Authors: Dlamini, Thula S , Fraser, Gavin C G , Grové, B
- Date: 2012
- Subjects: To be catalogued
- Language: English
- Type: text , article
- Identifier: http://hdl.handle.net/10962/471312 , vital:77440 , https://hdl.handle.net/10520/EJC126711
- Description: The feasibility of springbuck based meat production in the Eastern Cape Karoo was analysed through a stochastic budgeting model, while openly taking cost and price risk into consideration. Monte Carlo simulation of a springbuck-based meat production enterprise was used to quantify the risks that would be faced by springbuck ranchers. Springbuck ranching has been proven a viable alternative in the production of highly nutritious and healthy meat (venison) that is in high demand in European markets and more recently, with a promising and increasing local demand as well. The results indicate that in the Eastern Cape Karoo, springbuck ranching for meat production is a viable business. As the call for more environmentally friendly rangelands utilisation economic systems intensifies, rangelands owners in the Eastern Cape Karoo have a practicable option. At the very least, an alternative to broaden their incomes with springbuck-based meat production exists.
- Full Text:
- Date Issued: 2012
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