The Cape Town Stadium, built for the 2010 Fifa World Soccer Cup, is a white elephant and is managed by huge losses. Now the Cape Town Council has allocated millions for the appointment of a company secretary and financial manager. R2.5 million a year has been approved for the two posts. Even JP Smith of..
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Stadium in Cape Town, which was built for the 2010 Fifa football cup, is basically unused and is a burden on taxpayers and bankrupt municipalities
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