Today's Big Stories

Bokke 20 yrs since '95, Grand Prix for Cape, Gauteng minus 'township economy'

Image: Mandela congratulates Francois Pienaar, South African rugby team captain, after the Springboks beat New Zealand to win the 1995 Rugby World Cup in Johannesburg (Credit: AFP Photo / Jean-Pierre Muller)

The John Robbie Show celebrates the 20th anniversary of the 1995 RWC final

Heard on 702's John Robbie Show: with host John Robbie noting that he was commentating for an Irish broadcaster during the 1995 IRB Rugby World Cup in South Africa, lines were opened where varied nostalgic moments were revisited back to a year after we attained democracy. Later, South African Commonwealth flyweight boxing champion Daniel Ward not only celebrated with Mzantsi's beloved 'Bokke', but noted another reason why 1995 is also notable for him:

I'm celebrating with the Springboks this very same year in 1995 - I became the first South African in 37 years to win the British Commonwealth title as a flyweight champion. It didn't happen at the same time but on the 6th of March, 1995.

Bidders looking for City support to host Cape Town Grand Prix SA in 2017

Image: capetowngrandprixsa.co.za

Heard on CapeTalk's Breakfast with Kieno Kammies: with a process under way to host the first Grand Prix in Cape Town in 2017 - which would also make it the first one in South Africa in 25 years - the coordinators of the Cape bid say all they need to make it happen at this stage is approval from the City of Cape Town. The CEO of Cape Town Grand Prix South Africa, Igshaan Amlay says they have been communicating with the Formula One Group CEO, Bernie Ecclestone, who has given conditions that the group needs to follow to make it happen. The Formula One Group manages Formula One and controls the commercial rights to the sport, along with part-ownership of Delta Topco - the ultimate parent company of the Group. Amlay unpacks the situation as it currently stands:

We are in direct communication with Mr Ecclestone and we've been given tasks by him and the most important one is to get the buy in from the major stakeholder which is the City of Cape Town, along with the Province and National Government. Then after we the support from these stakeholders, then we start negotiations with him over the hosting of the event and the amount of years that we are looking at. (On targeting 2017 for hosting the Cape Town Grand Prix) it is possible if we get the necessary buy in, sooner rather than later - it is possible. (On how much is needed to get it here) there is a lot of speculation around costs - if you're looking at Cape Town Grand Prix SA, we're looking at other events that have been hosted in our country and we're trying not to use government money; we're looking at outside investors as well as inside investors to fund this bid. We are in talks with some serious players, everything would be based on a decision by the City, and once we get just the support from them, the doors would open to look at a funding model. We're looking at an amount of between R400 - 500 million for the infrastructure set up, while the licence fee is quite a lot, but that is something we can discuss with Mr Ecclestone: countries are currently paying around $20 million USD or $15 million USD per year. However, Monaco doesn't pay a licence fee at all and if you look at the current status of the Grand Prix - Mexico is hosting a Grand Prix - there's countries that have had their interest in Grand Prix reignited, with Thailand also looking into a bid, there are so many countries with an interest now.

Gauteng looking to move beyond 'township economy' labelling

Image of the Soweto Theatre - a feature of township rejuvenation - courtesy of joburg.org.za

Heard on 702's John Robbie Show: a year after the Gauteng Economic Development MEC Lebogang Maile launched the Township Economic Revitalisation Strategy, the MEC notes that things are moving along, hopefully to the extent where labels such as 'township business' or 'township economy' will no longer be relevant when describing entrepreneurship in the province:

It's going ahead, but I can't say very well, but we are receiving a positive response from the township-based entrepreneurs, big business, government departments and agencies and we are confident that in the next few years, it will be ultimately be integrated into the mainstream economy. We have engaged about 50 000 township-based entrepreneurs within a 3 month period and a year later, we got a commitment from the Gauteng government that all departments will spend 30% of their procurement on township-based entrepreneurs. We've got a total of about 287 township businesses which are in construction and building maintenance, which have already signed up for government work in maintenance of electricity, lighting, plumbing and structural upkeep of government buildings. We have about 53 township-based entrepreneurs which are impacting on textiles and are already supplying linen to hospitals across Gauteng hospitals. It's promising, but we want to get to a point where we don't want to talk about township businesses - we talk about a Gauteng economy that is integrated and inclusive (of township-based businesses).

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