Mbalula confirms funding for 2022 Commonwealth Games in Durban
The minister says government has received financial guarantees from National Treasury.
CAPE TOWN - Sports and Recreation Minister Fikile Mbalula confirmed that government has received financial guarantees from National Treasury, regarding the 2022 Commonwealth Games set to take place in Durban.
Questions have been raised around South Africa's ability to successfully host the games and a lack of financial guarantees from National Treasury has raised concerns.
However, in a statement Minister Mbalula said government remains committed to hosting the games.
"We have further highlighted the South African government in the interest of prudency and fiscal discipline, was engaged in an intra-governmental processes related to the necessary and finance guarantee."
He confirmed Finance Minister Pravin Gordhan has given the go-ahead for funding.
"We can now confirm processes relating to the finance guarantee have been finalised after due consideration of all factors by the fiscal liability committee and National Treasury as it is required by South African law."
The KwaZulu-Natal capital was the only horse in the race for the rights after the Canadian city of Edmonton pulled out, before the unveiling of the host city last September.
Mbalula continued by saying the funding is the catalyst to get the games on track. "This has now paved the way for government to convene the Inter-Ministerial Committee (IMC) on the games."
Deputy President Cyril Ramaphosa is set to chair the IMC which will conclude the work of the bidding company.
The IMC will also constitute a hosting company that will act as a Local Organising Committee (LOC) for the games. The inability to guarantee funds was the stumbling block for the selection of an LOC.