South Africa’s National Arts Festival’s economic impact on its host city, Makhanda, is estimated to be US$4.5 million a year. But it also makes an impact on a social and an artistic level.
- Professor of Economics and Researcher at the South African Cultural Observatory, Rhodes University
There aren’t a lot of studies on South Africa’s cultural economy. A new one finds a cluster of creative firms in Cape Town with high levels of innovation.
Trade in cultural goods and services offers emerging markets an opportunity to benefit from their cultural capital and globalisation.
To help establish South Africa’s gaming industry as a viable career path for more diverse participants, more support for the technical training required has to be considered.
Government support for the arts, culture and heritage is important even in tough economic conditions.
South African creative and cultural industries have taken some early steps to elevate women to leadership positions, but there is still some way to go.
South Africa is increasingly beginning to focus on the potential role cultural and creative industries can play in job creation and economic growth.
South Africa’s art market has seen substantial growth in the past few years. But investing in art remains risky and produces limited returns.
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