Cape Argus Cycle Tour 2012 Contributes R450 Million to the Western Cape's Economy

Media Statement by Alan Winde, Minister of Economic Development and Tourism

Last weekend's Cape Argus Cycle Tour has been estimated to have contributed R450 million to the Western Cape's economy.

This includes revenue generated from a range of services including meals, accommodation, shopping, tourist attractions, vendors, the sale of bicycle spares and equipment and others.

Minister Alan 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."

Minister Winde added, "The Western Cape Government is a proud supporter of the race - hearty congratulations to the event's organisers, participants and the citizens of the Western Cape for working Better Together to deliver an excellent event."