Join Now | 
HomeAboutContact UsPrivacy & SecurityAdvertise
Soccer America DailySpecial EditionAround The NetSoccer Business InsiderCollege Soccer ReporterYouth Soccer ReporterSoccer on TVSoccer America Classifieds
Paul Gardner: SoccerTalkSoccer America ConfidentialYouth Soccer InsiderWorld Cup Watch
RSS FeedsArchivesManage SubscriptionsSubscribe
Order Current IssueSubscribeManage My SubscriptionRenew My SubscriptionGift Subscription
My AccountJoin Now
Tournament CalendarCamps & AcademiesSoccer GlossaryClassifieds
How will South Africa benefit from World Cup?
New York Times, July 12th, 2010 6:03PM

MOST READ

MOST COMMENTED

Now that the World Cup is over, what tangible, long-term benefits will there be for South Africa? The South African government spent $4.3 billion for the World Cup, and provincial and municipal governments chipped in $400 million to $900 million, mostly in infrastructure and construction costs. The South African soccer federation will take in $80 million to $100 million from the World Cup, mostly from ticket sales. FIFA will make about $3.2 billion from the 2010 World Cup that will finance 95 percent of its operating budget for another four years.

“The long-term benefits are these investments in infrastructure,” South Africa's finance minister, Pravin Gordhan, said. “Once you build a road, it doesn’t disappear once the World Cup ends.”

Many of the estimated 130,000 temporary jobs created by the tournament, mostly in construction, will not last. A country of 48 million people, South Africa has 25 percent unemployment and wide disparities between rich and poor. “We don’t look at revenue now,” Gordhan said. “You have to look at the benefits hard and soft over a 20-year period.”

“South Africans are very proud of what the country has achieved and everyone in South Africa is walking tall,” said Danny Jordaan, the chief executive of the World Cup organizing committee. “For years, many South Africans have been told that they are inferior, that they are not good enough. The nation has crossed a huge psychological barrier.”

Read the original story...


0 comments
  1. Christopher Holden
    commented on: July 12, 2010 at 10 p.m.
    SA got a bunch of nice rugby stadiums. Let's hope FIFA uses the other 5% of the $3.2 billion to train referees. They need it.


Sign in to leave a comment. Don't have an account? Join Now




AUTHORS

ARCHIVES
FOLLOW SOCCERAMERICA

Recent Section 2 Around the Net
Steven Gerrard: 'Every Person Slips'    
Steven Gerrard says the slip that arguably ended Liverpool's title hopes and England being knocked out ...
La Liga Champ Eying Chicharito    
Mexican striker Javier Hernandez, who started just six Premier League games for Manchester United last season ...
No Charges for Moyes Over Bar Incident    
Former Manchester United coach David Moyes is in the clear after he was investigated over an ...
West Ham Acquires Ecuador World Cup Striker    
West Ham has finalized a $20 million transfer of Ecuador striker Enner Valencia from Mexican club ...
Bayern Boss Not Allowed To Board Plane to USA    
Bayern Munich executive board chairman Karl-Heinz Rummenigge, along with six youth players and three crew members ...
Thai Refs Must Swear Oath to Buddha     
Thailand's soccer federation bosses have made more than 100 referees swear an oath of honesty at ...
Scolari Gets a Job    
Luiz Felipe Scolari, who resigned as Brazil coach after its disastrous 2014 World Cup campaign, has ...
World Cup Runner-up Coach Steps Down    
Alejandro Sabella, who guided Argentina to the World Cup final in Brazil, has decided to quit ...
Ronaldinho on the Move    
Former World Player of the Year Ronaldinho has left Atletico Mineiro. The 34-year-old former Barcelona, AC ...
Beer Approved in the Big House    
Normally, alcohol sale and consumption is strictly forbidden inside the University of Michigan's stadium, but beer ...
>> Section 2 Around the Net Archives