Debating Funding Challenges for Sport Facilities & Events
Press Release: 28 November 2016
Johannesburg – The Sports Indaba taking place in Cape Town on 27-28 January 2017 will also be the 20th edition in its 5-year existence and it will convene municipal and provincial departments to debate the key issues around their mandate to implement sustainable sports development programs.
It will also facilitate discussion on the key issues around limited funding for sports facilities, recreational programs as well as supporting community sport events at large. With austerity measures becoming a priority on all fronts, soliciting funding for these have become a highly challenged task for both government entities and sports bodies alike.
According to organiser Gerrit Davids, MD of Gerom Media, Sports & Entertainment, “the Indaba will look at how to design comprehensive proposals to raise funds from government sources, donor agencies, embassies and commercial sponsorships under the prescripts of B-BBEE, which instructs all companies with a turnover of more than R50m p.a. to spend a minimum of 1% on Socio-Economic Development (SED). Sport has largely not tapped into this potential funding source of which billions are potentially available to assist with facilities, development programs and events. Municipal sport departments procure goods and services from suppliers and it could place a levy on each and every purchase, to be spent on sport”.
“It will also show delegates how to assist sports bodies with running their own Society Lotteries under the National Lotteries Act to raise funds for facilities and events. Sports bodies are entitled to run six lotteries per year and it could reduce the demand on government to fund facilities and events”, said Davids.
The Municipal Infrastructure Grant (MIG) will also be debated in line with the need to utilise it under the prescribed legal framework as well as partnering other stakeholders to bring much needed facilities to local communities.
Delegates will also debate the key components required to design a Municipal Sports Plan under the prescripts of the National Sports & Recreation Plan (NSRP). To date, the majority of municipalities have not adopted such plans or policies and the Indaba will provide guidance and input as to the necessary steps required in the process.
The Indaba will also feature the first ever Sports Events Awards for government entities, that are either organised or supported by them and it will validate deserved recognition to those events that have made a lasting impact on the sports calendar irrespective of type and size.
The Awards Dinner will take place on Friday 27 January 2017 as the highlight of the Indaba and all winners will also each receive a set of double tickets to the Sun Met-Horse Race (previously the J&B Met) on Saturday 28 January 2017 as well as other prizes!
Issued on behalf of the Sports indaba 2017 (www.sportsbusiness.co.za)
For further information, contact: Gerrit Davids: Cell. 082 496 1657 | firstname.lastname@example.org
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