Stade de France is the operator of the successful and profitable 80 000-seater Stade de France multi-purpose stadium in Paris, France, which hosted the 1998 Fifa World Cup and the Rugby World Cup in 2007, while Sail is one of the largest sport marketing companies in South Africa. The consortium, called Business Venture Investments 1317, will be expected to be involved in the management of the stadium from January 2009 onwards, and ensure the successful hosting of eight World Cup matches. Lease The in-principle agreement provides for a detailed contract to be signed between the parties, which will describe the roles and responsibilities of the city and the operator in terms of aspects such as maintenance, parking, informal trading, insurance for eventualities and sureties. The operator has offered sureties totalling R10-million, while the approval of the lease on the stadium resides with the municipal council, and will be considered on 3 December. “Cape Town residents and visitors are getting a world-class facility which will host prime sports matches and spectacular events as well as gaining an upgraded sport and recreation precinct,” he said in Cape Town this week. A consortium consisting of South Africa’s Sail Group and French-based Stade de France has been awarded the service contract to operate Cape Town’s Greenpoint Stadium and ensure that it remains a sustainable multi-purpose venue after the 2010 Fifa World Cup. The municipality will receive 30% of earnings before tax (inclusive of municipal rates) on a fixed percentage basis, which, if the stadium becomes successful, will raise the city’s returns significantly. 1 December 2008 The city municipality will pay the consortium to manage the stadium up to and during the World Cup, after which the consortium will lease the stadium from the city for a period of not less than 10 years and not more than 30 years. Post 2010 The consortium will operate the stadium as well as manage and maintain the defined areas of the surrounding urban park and sport precinct on the 85-hectare Greenpoint Common from stadium revenue. City of Cape Town service delivery integration executive director Mike Marsden said the world-class, purpose-built stadium would now get a dedicated team with an international and local track record of experience and success to maximise the value, revenue and sustainability of the stadium. Once the World Cup is over, the stadium capacity will be reduced to 55 000, enabling it to cater for all types of sports, including rugby, as well as music concerts and other major events. The stadium will feature corporate hospitality suites, medical, training, conferencing and banqueting facilities. Source: BuaNews
The 6th annual South African Premier Business Awards hosted by the Department of Trade and Industry, in partnership with Proudly South African and Brand South Africa took place in Sandton on Wednesday 13 March 2019.SAPBA celebrates business excellence and honours organisations that are drivers of innovation, job creation, healthy business ethics and quality.Brand South Africa is excited to have presented The Play Your Part Award that inspires citizens to contribute positive change, by steering and executing social programmes. The award was scooped by Intercessory Franchise Brands founded by Bulelani Balabala. As the CEO of IAF and founder of TEA (Township Entrepreneur Alliance), a branch of IAF, Balabala centres his work around empowering young people.Balabala was honoured by Minister of Trade & Industry, Minister Rob Davies for his commitment and implementation of entrepreneurial and youth development programmes.Through the 4-year old TEA Programme, Balabala and his team have impacted over 9800 townships and rural entrepreneurs, and more 25 000 high school students. The programme is aimed at knowledge sharing, skills development, enterprise development and giving young entrepreneurs access to markets.In addition, IAF conducts weekly township school visits through Sbusiso Leope Education Foundation (SLEF), where they inspire students to go the extra mile with their studies and become well-rounded citizens.Brand SA salutes Bulelani Balabala for being an agent of change and for leading a group of people who practice the spirit of Ubuntu. To find out more about what the IAF does, click here.
View comments Trump strips away truth with hunky topless photo tweet At the same time, the league has also moved the opening of its next season to December to accommodate Gilas in the first three home-and-away series of the WCQ as the PBA has now made it sure that Reyes can have the time with his players.Commissioner Chito Narvasa made this announcement in a teleconference with a small group of Filipino media covering the 39th Jones Cup Invitational here and it ends weeks of speculation as to who will represent the Philippines in the Lebanon showcase slated Aug. 8 to 20.FEATURED STORIESSPORTSSEA Games: Biñan football stadium stands out in preparedness, completionSPORTSPrivate companies step in to help SEA Games hostingSPORTSWin or don’t eat: the Philippines’ poverty-driven, world-beating pool stars“It was agreed upon by the board (of governors) that the PBA should participate,” Narvasa said. “The PBA, its coaches in particular, were just informed of the schedule (of the Gilas events), which is important to all of them.”Another thing which the PBA will do is tweak the schedule of the Governors’ Cup, which is set to open on Wednesday, so as not to disrupt the teams that will lend its stars to the team that will play in Beirut. Lacson: SEA Games fund put in foundation like ‘Napoles case’ TAIPEI—The PBA has just gone “all in” for Gilas Pilipinas.In order to help the National team program field the best team possible, the PBA has given the green light to coach Chot Reyes to tap its multimillionaire veterans for the coming Fiba Asia even if the event is not part of the hectic World Cup Qualifying series.ADVERTISEMENT LATEST STORIES Ethel Booba on hotel’s clarification that ‘kikiam’ is ‘chicken sausage’: ‘Kung di pa pansinin, baka isipin nila ok lang’ Hotel says PH coach apologized for ‘kikiam for breakfast’ claim Robredo should’ve resigned as drug czar after lack of trust issue – Panelo Church, environmentalists ask DENR to revoke ECC of Quezon province coal plant FEU Auditorium’s 70th year celebrated with FEU Theater Guild’s ‘The Dreamweavers’ Magsayo world title bid put on hold Gilas Cadet members who are now playing in the Jones Cup will also represent the country in the Southeast Asian Games from Aug. 20 in Kuala Lumpur, Malaysia, practically assuring the likes of June Mar Fajardo, Terrence Romeo and Calvin Abueva will play in Lebanon.Sports Related Videospowered by AdSparcRead Next Don’t miss out on the latest news and information. MOST READ Robredo: True leaders perform well despite having ‘uninspiring’ boss PLAY LIST 02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games National Coffee Research Development and Extension Center brews the 2nd National Coffee Education Congress