Business Report writes that in the past financial year, the Durban International Conference Centre has contributed to the employment of more than 11,000 workers directly and indirectly.
The conference centre, which is also known as the Inkosi Albert Luthuli International Convention Centre, produced revenues of R173m during the year, which was R11m more than the revenue for the previous year. According to the marketing director Scott Langley, the increased revenue could be attributed to the big events that were hosted by the Durban ICC over this past year. He indicated that there had been a 38% year-on-year growth in the number of events hosted for the year. An independent economic impact study has been authorised each year since 2007 to measure the impact that the Durban ICC has had on both the local and national economies. This past year, Grant Thornton SA conducted the study and the cumulative impact that the Durban ICC contributed to the KwaZulu-Natal economy was determined at R4,8 billion. Direct and indirect jobs created were determined at 11,024 for 2017 and cumulatively 93,122 jobs for the period 2007 to 2017.
- Read this report by Dhivana Rajgopaul in full at Business Report
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