@moriostaT You can't take a swing from the public park, install it in your private yard, and then be shocked when people still want a turn. Some things were loved by the streets first, you can't rebrand them as private property.
@sinovuyo001 Unjani sisi! π R5500 to R150k in 2 days with no risk? The only thing in SA that returns that fast is SASSA and even they make you queue for 6 months.
@_Bongekile_ True. At 70+ most people are retiring, he's getting appointed to lead at BRICS level. That's not just money, that's relevance. Generational wealth is one thing, generational influence is another level.
@sizwe_edwart@ChrisExcel102 Lol you just exposed yourself.
You think R5m is small because you are counting percentage. We count cash. 5% of R90m is still R5m in 1 night.
That's why you are in the comments and he is in the stadium making history. Business talk is not for you.
You are confusing words. Total revenue = ticket SALES + sponsorship income. That's the R90m GROSS. Then you subtract stadium, production, 100 artists, tax, and sponsor fulfilment costs. What's left is PROFIT.
And yes, a businessman can gross R90m and profit R5m. That's a 5% margin - normal for a 70k stadium show. Not every business is your tuckshop with 100% markup.
You just proved you don't know events. Sponsors give money (income) but you spend money to service them - that's called sponsor fulfilment: branding, stages, ads, hospitality. It goes under expenses. And R90m is GROSS sales before any costs, not profit. That's why they take R5m each home.
@protymes@ChrisExcel102 Yes, sponsors are an expense if you know how events work. They give you money, you spend money to service them,branding, stages, hospitality, marketing obligations. It's called sponsor fulfillment cost. Go study events before you try to be funny.
Exactly. The extension to January was never about the Milpark crew, the record on the Big Five / bucket money is already established. This is the clean-up phase and cross-examination of Sibanyoni himself is the stress test for the whole Commission. Justice Madlanga being patient here is strategic.
@Sosso_Ramafole@mukovhedama@ChrisExcel102 Then we are saying the same thing? My whole point was R90M generated is NOT R90M pocketed. You just repeated what I said but thought you were disagreeing with me.
@txt_txt_x@mukovhedama@ChrisExcel102 My brother you are literally lying in bed thinking about other men's sweaty balls and you think WE are obsessed with other men? We are debating turnover vs profit, you are debating balls. Levels.π€πΎ
Not neglecting them at all. Sponsors subsidize costs, they don't create profit. A R5M sponsor just means that R5M expense is covered, it doesn't mean you pocket an extra R5M. And sponsors want ROI, branding, deliverables, it's not free money. Even with sponsors, R90M gross is still not R90M to take home.
@Mzilikazi242613@RabsMaphai@ChrisExcel102 You are so right. Please tell us more about how well you know Chris. We were discussing numbers, but clearly the real expertise here is gossip.
No hate at all sisi ππ½ I love what Papta & Phori did for culture.
My issue is not with them, it's with the R90M PROFIT headline.
If we hype fake profit as congrats, we mislead the next young promoter who thinks FNB = R90M in pocket.
Congrats is valid, but numbers must be real too. Nevertheless lomona uthetha ngaye ngowantoni mhlambi?
@txt_txt_x@mukovhedama@ChrisExcel102 Not about fortunes bro, it's about fake numbers.
If we let R90M profit slide, next promoter will tell artists "Scorpion Kings made R90M in one night" to justify not paying.
Correcting numbers is business, not hate. Come on π