Rugby World Cup fever -startling similarities between sporting and economic success It is hard to avoid rugby analogies in this time of Rugby World Cup fever, particularly given the startling similarities between sporting and economic success. A winning side, just like a winning economy, seldom fails to cross the try-line when they get close. Rugby is a game of creating scoring opportunities and then taking them. So it goes with the economy, too. The local film industry is a case in point. Pre-Covid the sector was flying: an economic impact of around R8-billion per annum with over R3,4-billion in foreign direct investment, according to industry data. It was growing at 5.2% year-on-year, employing 60 000 full time people, the large majority young and previously disadvantaged. The sector’s direct tax contribution was more than R90-million. In similar vein cumbersome local government regulations are inhibiting film productions when a more streamlined process would provide a much-needed tonic for business growth. In our view supporting the Film Industry aligns with government’s broader economic development goals at a time when we urgently need innovation and growth. Read our full CEO Column here: https://lnkd.in/dDF8qJkS #UnlockOpportunities #shapeabetterfuture #capechamber
