Argus tour ‘boosted W Cape economy by R450m’

The Cape Argus Cycle Tour held this past weekend was estimated to have contributed R450-million to the Western Cape’s economy.

On Wednesday Western Cape provincial minister for economic development and tourism Alan Winde said this included revenue generated from a range of services including meals, accommodation, shopping, tourist attractions, vendors, the sale of bicycle spares and equipment and others.

The information was produced by Cape Town Routes Unlimited, the Province’s destination marketing organisation.

Winde said: “The province’s hosting of the Cape Argus Cycle Tour — the world’s largest individually timed race — serves to increase our province’s exposure to the world’s market. This year’s race drew 5 000 more visitors to Cape Town than last year. Increased tourist numbers spell more income, jobs and economic growth for our province.” — I-Net Bridge

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