Date Posted: 2009.05.02

The three major sport events taking place in the country in the next three months could inject R 4 billion into the economy, according to economist Mike Schussler, reports the Cape Argus. Some economists forecast that the effect of the three sport events will be large enough to protect South Africa from the worst effects of the global credit crunch.

The Indian Premier League cricket tournament started batting in Cape Town on 18 April, and continues with 58 matches in total around the country, until May. England lost to South Africa in hosting the Indian Premier League tournament, which had to be shifted away from India due to safety concerns. At the end of May the British and Irish Lions rugby tour kicks off its ten-match series in Rustenburg, continuing into June. Tickets for the first three matches are sold out already.

On 14 June the Confederations Cup gets the ball rolling as a "warm-up" to the 2010 World Cup. Ticket sales have been slow, with only half the tickets sold.

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