SOUTH AFRICA'S CAPE TOWN STADIUM IN NEED OF PERMANENT TENANT

The Cape Town Stadium, which was one of South Africa's World Cup venues in 2010, is in need of a permanent tenant.

The city's county council is looking to attract a long-term host in a bid to start cutting financial losses.

The stadium has posted operating losses of 426million South African Rand since 2009, around £24million.

Cape Town recently concluded a deal with Premier Soccer League outfit Ajax Cape Town, which will see the team playing all their home games at the stadium for the next three years.

But the city has struggled to attract a long-term anchor tenant ever since operations company Sail de France terminated its 30-year management contract in 2010.

Mayoral member for tourism, events and marketing Garreth Bloor said: "The securing of an anchor tenant remains a priority for the stadium and remains part of the process related to the future management of the stadium."

Posted on 24/10/2014