RWC 2023: Massive benefits for SA as possible host
South Africa's coffers could receive a cash injection of R27.3-billion if awarded the rights to host the 2023 Rugby World Cup.
That's according to a Grant Thornton economic impact assessment, commissioned by SA Rugby as part of its bid process.
The report shows that the tournament will generate R11-billion in direct spend and almost R1.5-billion in tax revenue.
The Grant Thorton Report also details how the event will sustain 38 600 annual job equivalents with some temporary and others permanent.
Numerous interviews and surveys were carried out to determine the costs of hosting the tournament.
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Other data scrutinised included economic impact studies of previous rugby world cup events, rugby tournaments and internationals held in South Africa as well as other large sports events hosted in the country in the past.
The results are expressed as direct, indirect and induced impact.
Increased tourism, enhancing the country's profile and national pride are also listed as possible benefits to hosting the rugby spectacle. The report states that no new stadia would need to be built.
South Africa hosted the 1995 Rugby World Cup with the Springboks beating New Zealand in the final.