Vodacom Durban July to provide R200m financial boost for city
Durban - It’s all systems go as celebrities, politicians, fashionistas and socialites make their way to Durban to party, enjoy fashion and bet on the finest horses during Africa’s greatest horse racing event on Saturday. The Vodacom Durban July weekend is expected to generate over R200million, with 55 000 people predicted to attend. The projected contribution to the city’s gross domestic product is approximately R380m, according to the Durban Chamber of Commerce.
“It must be noted that the economy is not performing well; this event will create temporary jobs. There are also side events which include pre and after parties throughout the city. Townships will also host their own events on Saturday and Sunday,” said Sithole. The rich and famous would mainly be staying in high-end establishments which include the Beverly Hills, Oyster Box and The Pearls of uMhlanga flats, Audacia Manor and Quarters Boutique Hotel in Morningside, Maharani and Elangeni hotels along the beachfront, as well as Zimbali Golf estate in Ballito.
“Activities in the city will definitely boost the local economy as the VDJ is a catalyst for all other events happening in and around the city.”
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