2023 Rugby World Cup: SA could receive billions
South Africa is preparing to present its bid for the 2023 Rugby World Cup.
We're up against France and Ireland to host the sporting spectacular. Presentations will be made before the World Rugby Council and Exco in London on the 25th of this month.
South Africa has happy memories of hosting the Rugby World Cup - winning the tournament for the first time in 1995 on home ground. The bid presentation include details on the economic impact of hosting the event.
An economic impact assessment suggests South Africa stands to receive R27.3-billion in direct, indirect and induced spend.
Some of the bid headlines include a project 2.9-million tickets to be sold.
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The bid also proposes that the country's favourable exchange rate means fans can tour South Africa with their teams for several weeks - following their teams from the pool to knockout stages of the tournament.
The overnight flight from Europe is being used as a positive for sponsors and corporate travellers as is the country's lucrative broadcast time-zone.
Other highlights of the bid include eight world cup ready stadia - including the iconic Moses Mabhida Stadium - all of which were used during the 2010 Soccer World Cup.
The host nation will be announced in November.
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