Cape Town Carnival a major money-spinner
Cape Town – Last year’s Cape Town Carnival contributed more than R41 million to the city’s economy.
The increasingly popular carnival is generating economic benefits for the city and creative industries, as well contributing to social cohesion and helping stimulate the creative economy.
This is according to a socio-economic impact study of the 2017 Cape Town Carnival released this week by the South African Cultural Observatory (SACO), which details the overall impact of the popular festival and its reception by audiences.
Last year, the carnival attracted an estimated 44900 people, as well as 1391 participants in the parade.
In the survey, respondents were asked how much they spend on food, transport and other purchases; locals said they spent an average of R376 while non-local visitors spent an average of R441.
Source: iol.co.za
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