Full Financial Impact Assessment of Commonwealth Games Needs to Be Conducted [press release] | Lao Tribune

Full Financial Impact Assessment of Commonwealth Games Needs to Be Conducted [press release]

A reply to a parliamentary question reveals that “no financial impact assessment” has been conducted yet for hosting the 2022 Commonwealth Games. This effectively means that government does not know how much South Africa stands to lose or gain should we host.

I will write to the Minister of Sports and Recreation, Mr Fikile Mbalula, to urge him to release a detailed breakdown of the costs and benefits associated with hosting the Games.

The replies further reveal that no projections have been calculated “to determine the percentage and amount estimated to directly benefit those living in extreme poverty.”

The Ministry of Sport and Recreation’s justification is that these figures haven’t been established as “the process is still at a bidding stage”.

Thorough preparations for a project of the magnitude of the Commonwealth Games requires those involved in the bidding process to make public the projected total costs and anticipated benefits as early as the bidding process is started.

Ultimately, the decision to host the games should be in the best interests of the people of Durban, and the broader South African economy.

This is even more important now as Durban is the sole bidder for the 2022 Commonwealth Games.

The absence of such crucial information makes it is difficult for South Africans to make informed decisions about the possible value and the true cost of hosting these games.

The DA will continue to push for a more transparent process to establish the exact costs and benefits associated with bidding, preparing and ultimately hosting the 2022 Commonwealth Games.

Solomon Malatsi

Shadow Minister of Sport and Recreation

Source : Democratic Alliance