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Durban July to deliver R690 million boost to city's economy

Durban is set to receive a massive boost of around R690 million to its economy Image: Supplied Durban is set to receive a massive boost of around R690 million to its economy as the highly anticipated Hollywoodbets Durban July horse racing event returns on July 5, 2025. According to a statement issued to the media by eThekwini Municipality on Tuesday, the event is expected to draw around 45,000 visitors, creating thousands of jobs and benefiting local businesses across sectors such as fashion, hospitality, and transport. Last year's race saw the racecourse "packed to capacity with more than 50,000 spectators". "The Hollywoodbets Durban July is one of the major events on the City's calendar and is a drawcard that brings people from across the country and beyond to Durban. It is an event that has a huge economic impact on the City," the Ethekwini Municipality said. "Projections show that about R278.6 million will be a boost in direct spend and R689.4 million in GDP contribution. Additionally, 4,403 jobs are expected to be created during this period." "Businesses across various sectors, including the informal economy, will also experience a boost. Other sectors set to benefit from the Durban July are fashion and textile, transportation, restaurants, hair and beauty, and businesses selling fast food". Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Next Stay Close ✕ The event is expected to draw around 45,000 visitors, creating thousands of jobs and benefiting local businesses Image: Supplied eThekwini Mayor Cyril Xaba urged residents and visitors to embrace the "excitement" of the Durban July, highlighting the event's "thrilling" races. 'Come and experience the thrill of the races, the stunning fashion, and the unforgettable moments that make the Durban July a must-attend event," Xaba said. "Whether you're a punter, a horse racing enthusiast, or simply looking to enjoy a fabulous day, come and be part of this iconic celebration,' Xaba said. IOL Business Get your news on the go, click here to join the IOL News WhatsApp channel