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SA SOCCER NEWS

Funding headache looms for 2010


Funding shortfalls of millions of rand are the primary concern for South African cities that are hoping to be a part of the greatest show on earth, the 2010 Soccer World Cup.

A parliamentary sport committee heard on Tuesday that among the reasons given for the country's soaring stadium costs are exchange rate fluctuations, inflation, and ballooning input costs connected to a scarcity of skilled manpower and building materials.

Cape Town's 2010 administrator Mike Marsden told AFP: "There is a big funding gap.

"While host cities will be engaging in all ways possible to reduce the gap, there will still be a residual gap that we have to engage (national) treasury about."

Marsden said extravagant construction tendering was the major cause of Cape Town's current shortfall of about R1.258-billion.

The estimated cost of Cape Town's yet to be constructed stadium has risen from R2.5-billion to over R3.7-billion.

The funding shortfall in Durban is currently at R600-million, while the Nelson Mandela Bay Municipality say they are R262-million short.

2010 programme head for Durban, Julie-May Ellingson said: "There is strong competition for resources in the construction industry."

Ellingson added that Durban's costs have grown because of a shortage of skilled construction staff and the limited availability of heavy duty construction equipment such as large building cranes.

The national treasury has provided R15-billion for the country's World Cup preparations with R12-billion of this amount meant for the refurbishment and construction of new stadiums.

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Sunday, January 28
Castle Premiership

Swallows v Premier United 
Kick-off: 3.45pm
Venue: Germiston Stadium

January 20
Castle Premiership
Draw 0-0 v Pirates
Venue: Ellis Park

January 14
Castle Premiership
Won 1-0 v Silver Stars
Venue: Germiston Stadium

January 10
Castle Premiership
Lost 0-1 v Supersport
Venue:
 Loftus Stadium

Sunday, January 7
Castle Premiership
Draw 2-2 v Leopards
Venue:
Germiston Stadium

Wednesday, December 20
Castle Premiership
Won 1-0 v AmaZulu
Venue: Princess Magogo

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Top five
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Top eight
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