South African Cultural Observatory

Monitoring and Evaluation: Economic Impact Calculator Training

23 MAY 2017 - 23 MAY 2017
Category: Workshop
Region: Gauteng
Town: Johannesburg
Cover Charge: This Workshop is Free of Charge
Contact Details: South African Cultural Observatory Sinethemba Vitshima (041) 504 4932
Booking Details: Sinethemba Vitshima: (041) 504 4932
SACO_Capacity_Website

SACO_Capacity_Website

Both nationally and internationally, there is a growing acknowledgement of the important role that arts, culture and heritage play in economic growth and development. Economic impact studies are a powerful way of demonstrating the financial benefits of hosting cultural festivals and events and can be effective in communicating the value of the event to funders, local residents and other stakeholders. However, the methods used need to be valid and based on realistic, verifiable data. Economic impact studies can also be expensive.

The South African Cultural Observatory has developed the South African Festivals Economic Impact Calculator (SAFEIC), which is a free online economic impact tool specifically to estimate the economic impact of a festival on a host economy. It has been carefully, and conservatively, designed by and international team of university economists so as to produce results that are as reliable and valid as possible for a wide range of events.

Venue

Venue Name: The Market Photo Workshop
Street Address: 138 Lilian Ngoyi Street, Newtown, Johannesburg, 2001
This is an official South African Cultural Observatory event.
More News
Unlocking the Growth Potential of the Online Gaming Industry in South Africa: Challenges and Opportunities Unlocking the Growth Potential of the Online Gaming Industry in South Africa: Challenges and Opportunities

In 2018, the global gaming industry consisted of 2.3 billion consumers, who spent nearly US$ 138 billion on games. Although the South African gaming industry is small, it is growing at an exponential rate.

Policy Implications of the 4th Industrial Revolution for the Cultural and Creative Economy Policy Implications of the 4th Industrial Revolution for the Cultural and Creative Economy

Future developments within the Fourth Industrial Revolution (4th Industrial Revolution) entails a high level of complexity and uncertainty, particularly in relation to global economics of scale that indirectly have an impact on the Cultural and Creative Industries (CCIs).

The Mapping Study 2018 The Mapping Study 2018

Every two years the Observatory undertakes an in-depth sector-wide economic study - the Mapping Study. In 2018, we produced a key report that analyses the entire sector, particularly as it relates to its contribution to the SA economy and GDP.

South African Festival Economic Impact Calculator South African Festival Economic Impact Calculator

Summer is upon us and many event organisers are hard at work doing their best to ensure that they deliver the most memorable events.

Trevor Noah nominated for Grammy Award Trevor Noah nominated for Grammy Award

Trevor Noah’s star continues to shine beyond our shores, a confirmation that our cultural and creative industries products can be successfully exported and traded anywhere in the world.

Connect with us