Hosting the Rugby World Cup in 2023 could bring South Africa R27.3 billion in direct, indirect and induced economic impact and sustain 28 600 annual job equivalents (temporary and permanent).
This is according to a Grant Thornton economic impact assessment commissioned by SA Rugby as part of the bid process.
Other highlights from the report show that hosting the tournament will generate R11 billion in direct spend in South Africa and R1.4 billion in tax revenue. The economic impact will be shared across the seven host cities.
With the most matches and the final, Johannesburg will benefit by an amount of R10 billion with 14 102 jobs created or sustained. The contribution to Cape Town’s GDP will be R5.2 billion with 7 304 jobs. The economic impact for the remaining five host cities – Durban, Tshwane, Bloemfontein, Nelson Mandela Bay and Mbombela is between R1.4 and R4.5 billion.
In addition to the tangible economic impact, the report also lists a number of intangible benefits that will accrue to the country. These include an enhanced international profile, increased tourism before and after the tournament and cohesion and national pride that results from hosting a major international sporting event.
The report states that no additional stadia will need to built and that successfully hosting the event will generate interest to host other global events in SA in the future.