Adrian Saville

Adrian Saville from Speakers Inc

By: Speakers Inc  06-27-2010
Keywords: corporate functions, Corporate Events, Conference and Eventing

2010 ... And then?

Friday, June 11 saw South Africa step onto the world stage as host nation of the 2010 FIFA World Cup.  South Africa was selected as the first African country to host the world cup six years ago, and has been preparing ever since.  This preparation has included building five new stadiums, upgrading five existing stadiums and building up public transportation, including a new rapid transit railway. In recent weeks, the 32 qualifying teams and their legions of fans have begun arriving, and it is estimated that by the time of the closing ceremony on July 11, the event will have drawn more than 250 000 foreign tourists to South Africa. 

Apart from economic impacts, it is widely recognised amongst South Africans that the 2010 FIFA World Cup is about much more than “just economics” for the country.  At the same time, many people have raised important questions about the economic well-being of South Africa once the tournament has ended:

·         How has hosting the 2010 FIFA World Cup impacted on the South African economy?  Will the event have brought about faster economic growth or do the negatives, such as the lower labour productivity experienced during the tournament, mean slower economic growth?   

·         Has the spending on stadiums and infrastructure been well considered, or will we experience a fiscal hangover as tax rates are raised and future government spending is diverted to pay for the event?

·         What impact has the event had on tourism?  Has the international community’s view of South Africa been altered? 

·         What about the implications for the Rand?  Can we expect a sharp fall in the Rand exchange rate given that tourists will be leaving and foreign operators will be remitting the profits they earned?

·         Given the answers to these, and other questions, where do opportunities reside for individual investors? And how should businesses be positioned to best negotiate the post-World Cup economy?

Adrian Saville, Chief Investment Officer at Cannon Asset Managers and Visiting Professor of Economics and Finance at the Gordon Institute of Business Science, will tackle the above issues and provide answers to the important questions raised in a talk dealing with the post-World Cup South Africa.

Keywords: Conference and Eventing, Corporate Events, corporate functions, Professional Business Speaker,

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