20°C / 22°C
  • Sun
  • 18°C
  • 3°C
  • Mon
  • 17°C
  • 6°C
  • Tue
  • 15°C
  • 5°C
  • Wed
  • 17°C
  • 4°C
  • Thu
  • 19°C
  • 6°C
  • Fri
  • 18°C
  • 6°C
  • Sun
  • 15°C
  • 9°C
  • Mon
  • 19°C
  • 7°C
  • Tue
  • 15°C
  • 8°C
  • Wed
  • 15°C
  • 8°C
  • Thu
  • 15°C
  • 7°C
  • Fri
  • 16°C
  • 8°C
  • Sun
  • 19°C
  • 6°C
  • Mon
  • 19°C
  • 6°C
  • Tue
  • 17°C
  • 7°C
  • Wed
  • 19°C
  • 7°C
  • Thu
  • 22°C
  • 8°C
  • Fri
  • 20°C
  • 8°C
  • Sun
  • 19°C
  • 4°C
  • Mon
  • 20°C
  • 2°C
  • Tue
  • 17°C
  • 7°C
  • Wed
  • 20°C
  • 6°C
  • Thu
  • 20°C
  • 5°C
  • Fri
  • 21°C
  • 5°C
  • Sun
  • 21°C
  • 15°C
  • Mon
  • 20°C
  • 15°C
  • Tue
  • 24°C
  • 15°C
  • Wed
  • 24°C
  • 16°C
  • Thu
  • 20°C
  • 16°C
  • Fri
  • 24°C
  • 14°C
  • Sun
  • 15°C
  • 6°C
  • Mon
  • 18°C
  • 8°C
  • Tue
  • 23°C
  • 14°C
  • Wed
  • 19°C
  • 12°C
  • Thu
  • 15°C
  • 9°C
  • Fri
  • 17°C
  • 12°C
  • Sun
  • 15°C
  • 3°C
  • Mon
  • 21°C
  • 5°C
  • Tue
  • 17°C
  • 8°C
  • Wed
  • 13°C
  • 6°C
  • Thu
  • 15°C
  • 5°C
  • Fri
  • 16°C
  • 5°C
  • Sun
  • 14°C
  • 8°C
  • Mon
  • 18°C
  • 8°C
  • Tue
  • 15°C
  • 11°C
  • Wed
  • 13°C
  • 8°C
  • Thu
  • 15°C
  • 8°C
  • Fri
  • 16°C
  • 10°C
  • Sun
  • 19°C
  • 5°C
  • Mon
  • 19°C
  • 5°C
  • Tue
  • 18°C
  • 7°C
  • Wed
  • 20°C
  • 8°C
  • Thu
  • 23°C
  • 6°C
  • Fri
  • 21°C
  • 7°C
  • Sun
  • 18°C
  • 2°C
  • Mon
  • 18°C
  • 3°C
  • Tue
  • 19°C
  • 7°C
  • Wed
  • 19°C
  • 4°C
  • Thu
  • 18°C
  • 1°C
  • Fri
  • 21°C
  • 6°C
  • Sun
  • 22°C
  • 4°C
  • Mon
  • 19°C
  • 6°C
  • Tue
  • 19°C
  • 6°C
  • Wed
  • 23°C
  • 6°C
  • Thu
  • 23°C
  • 8°C
  • Fri
  • 22°C
  • 7°C
  • Sun
  • 13°C
  • 7°C
  • Mon
  • 19°C
  • 6°C
  • Tue
  • 22°C
  • 14°C
  • Wed
  • 16°C
  • 8°C
  • Thu
  • 16°C
  • 7°C
  • Fri
  • 17°C
  • 9°C

City approves state-owned company to run Cape Town Stadium

The new stadium management entity will be a state-owned company with the city holding 100% of the shares.

Cape Town Stadium. Picture: Supplied

CAPE TOWN – The mayoral committee approved the establishment of a municipal entity to run Cape Town Stadium on Monday.

The facility has been a drain on council coffers since the 2010 World Cup because it does not attract enough events to offset maintenance costs.

Some people have suggested the stadium be demolished, but the city says this is not practical because it has not reached the end of its economic potential.

The new stadium management entity will be a state-owned company with the city holding 100% of the shares.
It will be required to meet income targets to reduce the city's contribution.

Current stadium management staff will be seconded to the new company and the city will provide support services for three years.

Deputy Mayor Ian Neilson said: “We will also be exploring the rest of the management of the rest of the Greenpoint common area by this entity as well. So intention is to see if we can retain the issue of unified control of the precinct.”

Neilson says further public participation will be initiated on a proposal to include the urban park and surrounds in the management area.

(Edited by Masechaba Sefularo)

Comments

EWN welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

- Racism (including offensive comments based on ethnicity and nationality)
- Sexism
- Homophobia
- Religious intolerance
- Cyber bullying
- Hate speech
- Derogatory language
- Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the EWN community a safe and welcoming space for all.

EWN reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

EWN is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

comments powered by Disqus