The Cape Town Stadium, built for the 2010 Fifa World Soccer Cup, is a white elephant and is managed with huge losses. Now the Cape Town Council has allocated millions for the appointment of a company secretary and financial manager.
R2.5 million a year has been approved for the two posts. Even JP Smith of the Mayor’s’ committee for safety and Security expressed concern for the further funding and warned that it would put a burden on taxpayers.
Numerous stadiums were built in South Africa for the sporting event during which the South African team was extremely poor compared to other countries and the stadiums remain largely unused and are a burden on taxpayers and bankrupt municipalities.
Read the original article in Afrikaans on Die Vryburger
South Africa Today – South Africa News
