2010 FIFA World Cup stadium investment: Does the post-event usage justify the expenditure?
- Humphrey, Luke, Fraser, Gavin C G
- Authors: Humphrey, Luke , Fraser, Gavin C G
- Date: 2016
- Subjects: To be catalogued
- Language: English
- Type: text , article
- Identifier: http://hdl.handle.net/10962/470954 , vital:77403 , https://www.ajol.info/index.php/aref/article/view/162154
- Description: This paper provides an ex-post analysis of the utilisation of the stadiums that were built for the 2010 FIFA World Cup. The South African government invested approximately US $1.57 billion and US $523 million into the development of new stadiums and upgrades to existing stadiums, respectively. This paper determines whether the substantial investments into the stadiums’ infrastructure are justified by the utilisation of the stadiums after the 2010 FIFA World Cup event. A utilisation rate and a stadium usage index were used to analyse the utilisation benefits derived from the stadiums. Generally, the results suggest that there has been a significant decline in the utilisation of stadiums following the 2010 FIFA World Cup. Furthermore, the results indicate that the exorbitant costs of the stadiums for the 2010 FIFA World Cup were significant in relation to the underutilisation of the stadiums in the wake of the event. The 2010 FIFA World Cup has left the country with an expenditure legacy of an oversupply of stadiums, thus making some of the stadiums unsustainable. The results of this study appear to be in line with existing empirical research, which suggests that stadiums tend be underutilised and pose a financial burden for a host nation, subsequent to a mega-event.
- Full Text:
- Date Issued: 2016
- Authors: Humphrey, Luke , Fraser, Gavin C G
- Date: 2016
- Subjects: To be catalogued
- Language: English
- Type: text , article
- Identifier: http://hdl.handle.net/10962/470954 , vital:77403 , https://www.ajol.info/index.php/aref/article/view/162154
- Description: This paper provides an ex-post analysis of the utilisation of the stadiums that were built for the 2010 FIFA World Cup. The South African government invested approximately US $1.57 billion and US $523 million into the development of new stadiums and upgrades to existing stadiums, respectively. This paper determines whether the substantial investments into the stadiums’ infrastructure are justified by the utilisation of the stadiums after the 2010 FIFA World Cup event. A utilisation rate and a stadium usage index were used to analyse the utilisation benefits derived from the stadiums. Generally, the results suggest that there has been a significant decline in the utilisation of stadiums following the 2010 FIFA World Cup. Furthermore, the results indicate that the exorbitant costs of the stadiums for the 2010 FIFA World Cup were significant in relation to the underutilisation of the stadiums in the wake of the event. The 2010 FIFA World Cup has left the country with an expenditure legacy of an oversupply of stadiums, thus making some of the stadiums unsustainable. The results of this study appear to be in line with existing empirical research, which suggests that stadiums tend be underutilised and pose a financial burden for a host nation, subsequent to a mega-event.
- Full Text:
- Date Issued: 2016
The potential economic implications of black locust (Robinia pseudoacacia l.) on agricultural production in South Africa
- Authors: Humphrey, Luke
- Date: 2016
- Language: English
- Type: Thesis , Masters , MCom
- Identifier: http://hdl.handle.net/10962/4069 , vital:20599
- Description: Black Locust (Robinia pseudoacacia L.) is an invasive deciduous, strongly suckering, broad- leaved tree that has the potential to be widely distributed across a large portion of South Africa. Robinia pseudoacacia has invaded all nine of South African provinces, with large infestations found in the Eastern Cape, Kwa Zulu-Natal, Free State and Gauteng provinces. The invasive tree has the potential to spread into livestock grazing lands in South Africa. Because R. pseudoacacia has the ability to spread and thrive in a variety of habitats and resists control, the distribution of the invasive tree into grazing land poses a problem for landowners. The potential economic impacts of R. pseudoacacia on agricultural production stem from the trees ability to reduce the carrying capacity of livestock. This study estimated the potential economic implications of R. pseudoacacia on agricultural production in South Africa, specifically looking at the livestock sector. The prevalence of R. pseudoacacia potential distribution was calculated by using a maximum-entropy predictive habitat model, MAXENT. The distribution of livestock, based on grazing capacity (ha/LSU), in South Africa was then determined. The potential direct economic impacts were estimated by assessing the impact of the potential distribution of R. pseudoacacia on the carrying capacity of livestock. The results showed that an infestation of R. pseudoacacia has the potential to reduce the gross margin in the livestock sector by between approximately R130 million and R961 million, dependent on the probability of invasion. Therefore, the potential invasion of R. pseudoacacia can have detrimental effects on the livestock sector in South Africa. The potential high levels of foregone income and business activity found in this study reaffirm the need to devote resources to develop a viable, economical and effective control method, such as biological control.
- Full Text:
- Date Issued: 2016
- Authors: Humphrey, Luke
- Date: 2016
- Language: English
- Type: Thesis , Masters , MCom
- Identifier: http://hdl.handle.net/10962/4069 , vital:20599
- Description: Black Locust (Robinia pseudoacacia L.) is an invasive deciduous, strongly suckering, broad- leaved tree that has the potential to be widely distributed across a large portion of South Africa. Robinia pseudoacacia has invaded all nine of South African provinces, with large infestations found in the Eastern Cape, Kwa Zulu-Natal, Free State and Gauteng provinces. The invasive tree has the potential to spread into livestock grazing lands in South Africa. Because R. pseudoacacia has the ability to spread and thrive in a variety of habitats and resists control, the distribution of the invasive tree into grazing land poses a problem for landowners. The potential economic impacts of R. pseudoacacia on agricultural production stem from the trees ability to reduce the carrying capacity of livestock. This study estimated the potential economic implications of R. pseudoacacia on agricultural production in South Africa, specifically looking at the livestock sector. The prevalence of R. pseudoacacia potential distribution was calculated by using a maximum-entropy predictive habitat model, MAXENT. The distribution of livestock, based on grazing capacity (ha/LSU), in South Africa was then determined. The potential direct economic impacts were estimated by assessing the impact of the potential distribution of R. pseudoacacia on the carrying capacity of livestock. The results showed that an infestation of R. pseudoacacia has the potential to reduce the gross margin in the livestock sector by between approximately R130 million and R961 million, dependent on the probability of invasion. Therefore, the potential invasion of R. pseudoacacia can have detrimental effects on the livestock sector in South Africa. The potential high levels of foregone income and business activity found in this study reaffirm the need to devote resources to develop a viable, economical and effective control method, such as biological control.
- Full Text:
- Date Issued: 2016
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