Finweek English Edition - - IN BRIEF -

Dur­ban will host the 2022 Com­mon­wealth Games, the first time in the event’s 85-year history that it will be hosted in Africa. While Cana­dian city Ed­mon­ton, a pre­vi­ous host, with­drew from the race cit­ing cost con­cerns, back­ers of Dur­ban’s bid said 90% of the fa­cil­i­ties were al­ready in place, and that the event would boost tourism and jobs. The games could boost GDP by R11bn, ac­cord­ing to gov­ern­ment es­ti­mates. Let’s hope gov­ern­ment learnt valu­able lessons when the coun­try hosted the 2010 Soc­cer World Cup.

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