South African Cultural Observatory

A Guide to Using the Online South African Festival Economic Impact Calculator (SAFEIC)

Upload date: 09.12.20
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A Guide to Using the Online South African Festival Economic Impact Calculator (SAFEIC) Tourism events attract “new” money into the impact region and create direct and indirect impacts through re-spending of the initial injection. Economic impact studies attempt to answer the question, “If the event had not taken place, what would the loss of economic activity to the impact area have been?” An economic impact study thus calculates all the additional economic activity that takes place in the region as a result of the event or festival.
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