City implements much-needed relief packages for struggling Moses Mabhida Stadium tenants

FOLLOWING the unprecedented financial distress experienced by the stadium tenants due to the lockdown regulations that previously banned social events, operation of the tourism and hospitality industry, eThekwini Municipality has resolved to offer Covid-19 rental rebate to the tenants of Moses Mabhida stadium. 

Full Council approved this relief.

The approval was preceded by Covid-19 business recovery engagements that took place between Stadia and Facilities Unit management and its retail shop and its corporate suit tenants.

“These tenants contribute to the stadium revenue generation through rental income. The relief measures include 100 per cent waiver of monthly rental including interest accrued where lockdown was imposed but is limited to a maximum period of six months, April to September,” said eThekwini Municipality spokesperson Msawakhe Mayisela.

Thereafter there’s a post lockdown package of a 10 per cent turnover monthly rental to replace the normal fixed monthly rental for retail shops for six months from the period of the re-opening post lockdown.

Corporate Suit holders will be eligible for 60 per cent reduced monthly rental fee to replace the normal fixed monthly rental and charge on activation fee on bowl event days. 

READ RELATED: Businesses at Moses Mabhida get R6 million bailout from city

Mayisela said the package will be valid for 12 months from the date of re-opening post lockdown and thereafter the normal fixed rental will apply. 

“By following the Municipal Supply Chain Management regulations, the stadium will also extend all tenants leases by a further 12 months period to replace the months where tenants were unable to trade due to Covid-19 lockdown restrictions,” he said.

The stadium has reopened for meetings and conferences following the relaxation of lockdown regulations under level 2.

Level 2 has also ushered in stadium tours, helicopter flips and gyms with other stores opening their doors for business.

Head of Stadia and Facilities Unit management, Vusi Mazibuko said the stadium has prioritised the safety of tourists and guests with Covid-19 compliance protocols in place.

“Moses Mabhida Stadium is welcoming Durbanites back to the city’s favourite playground with Covid-19 protocols in place to ensure safe fun for the whole family on the Golden Mile. Our compliant conference and meeting venues are also hosting functions for up to 50 people as per the national regulations. It is really good to see the stadium coming to life again as we and our clients adjust to the new normal and we look forward to the day we can welcome a capacity crowd back for a match or concert,” said Mazibuko.  

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At the time of going to press, the contents of this feature mirrored South Africa’s lockdown regulations.  

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