Afcon makes R3.6m profit

2013-07-29 19:30
AFCON (File)

Johannesburg - The Local Organising Committee (LOC) announced a profit of R3.6 million from the Africa Cup of Nations held in earlier in the year.

The LOC announced the figure at Safa House on Monday while presenting the financial results of the tournament.

A net profit of R3 639 890 against a budgeted amount of R535 139, meant the LOC produced a yield nearly seven times that required to make the tournament a financial success.

Sponsorships, the LOC divulged, amounted to 150% more than their initial target, while the broadcasting rights from SABC exceeded their budget by 20%.

Though crowd attendance was poor at some games, the overall number of 753 169 fans exceeded the target of 500 000.

Minister of Sport Fikile Mbalula said the report was welcomed by government.

“The work of the local organising committee speaks for itself. I think it was a job well done,” Mbalula said.

While the tournament was judged as a success, there were always lessons to be learned, he said.

“From this tournament, we should be in a position to improve even more for Chan.

“Our marketing is going to start earlier, unlike with Afcon, where nobody knew what was happening until the last moment.”

Mbalula said government, for the most part, was pleased to receive the report.

Read more on:    fikile mbalula  |  johannesburg  |  soccer

What To Read Next


Read News24’s Comments Policy publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.
Live Video Streaming
Video Highlights
Sport Talk


Bafana Bafana have been drawn with Cameroon, Gambia and Mauritania in the qualification stages for the 2017 AFCON tournament. Where will Shakes Mashaba's men finish in their pool?

Love 2 Meet
English Premiership flutter

Take Sport24's "expert" tips at your peril...

Sport24 on Twitter

Follow Sport24 news on Twitter


The 2017/18 Absa Premiership season is under way. Can Bidvest Wits defend their title? Will Soweto giants Kaizer Chiefs or Orlando Pirates emerge victorious? Or will the bookies' favourites, Mamelodi Sundowns, taste success for a record eighth time? Stay glued to Sport24 to find out!

Latest blogs

Twitter Follow Sport24 on Twitter

Facebook "Like" Sport24's Facebook page

WIN Enter and win with Sport24!

BlackBerry Stay in the loop on your BlackBerry

RSS Feeds Sport news delivered really simply.

There are new stories on the homepage. Click here to see them.