News24

Benefits from World Cup continue - Motlanthe

2012-03-08 21:52

Cape Town - South Africa benefited from the 2010 Soccer World Cup to the tune of about R10.5bn, Deputy President Kgalema Motlanthe told the National Council of Provinces on Thursday.

Responding to a question, he said the event's financial legacy continued to benefit the development of football in the country.

"According to the National Treasury, the estimated impact of the 2010 FIFA World Cup was in the region of R10.5bn, which amounts to about 0.38% of GDP," Motlanthe said.

"The overall impact on the real GDP level, over the period 2007 to 2013, was estimated to be 0.25%."

He said more than 30 000 tourists visited South Africa "for the primary purpose of attending" the event. Surveys showed they had been "extremely satisfied" with their experience while in the country.

"The benefits of the World Cup will... be enjoyed for many years to come."

International football governing body FIFA had made a total of $100m available to the SA Football Association (Safa) as a legacy of the 2010 World Cup.

"I am informed that in the region of $30m [was] used by Safa for infrastructure, buses and World Cup preparations. The remaining $70m will be placed in the 2010 Fifa World Cup Legacy Trust."

The trust, comprising eight members, including one from the government, would be used for football-related development, education, bursaries, health care, and humanitarian causes,

"I am informed that to date, FIFA has transferred R280m to the legacy trust, [which] will become operational [next month]," Motlanthe said.

Comments
  • Makatikamusona - 2012-03-08 21:55

    And that improved freeway to move sepp blatter from PTA to JHB in minutes is really a benefit

      Piet - 2012-03-08 22:25

      jip a brilliant investment if you are a cadre!

      Boer - 2012-03-09 00:16

      And don't forget those stadia that can be used for political rallies.

      Nicholas.Spaggiari - 2012-03-09 01:27

      I wonder how much benefit those members of the trust get from it...

      Makatikamusona - 2012-03-09 07:18

      It is a benefit that cost us, did they really have to put the tollgate

  • Mark - 2012-03-08 22:03

    And what what was the total capital cost to the country? What is the return on capital? Bet you don't know, or won't tell us. I thought having the Soccer World Cup was good, but don't lie to us about accrueing benefits - Zuma's Administration has killed all that.

      Nicholas.Spaggiari - 2012-03-09 01:50

      According to wikipedia it turned out to be a financial dissapointment and still have major debt, the construction costs alone were 3.6 billion Euros. Mostly because they anticipated 450 000 tourists, but only 309 000 fans came. Maybe in years to come it will make some sort of return from the global awareness... hope so

  • ana.curcic - 2012-03-08 22:15

    Whwn did that happened...Motlamthle being president?????

  • kgomotso.radise - 2012-03-08 22:26

    Eish another promise we will believe when we see it

  • Piet - 2012-03-08 22:32

    Eish the western maths.....

  • Arnold - 2012-03-08 23:15

    And the 10.5bn lie too. What is no lie is the number of rhino that has been killed since the SWC. It gave the poachers a lot of time to inspect and prepare their strategies in the name of soccer.

  • Andrew - 2012-03-09 07:09

    The money allocated by FIFA is for the sport of soccer development not for upliftment or benefit to all SA citizens. The cost of stadia and other infrastruture for the soccer world cup was carried by the taxpayer in general who will now also bear the cost of maintaining the under utilized stadia. Now thats a bargain!

  • Michael Kleber - 2012-03-09 07:17

    We did gain a whole host of new stadiums but some of them have become white elephants and in time they are going to fall into a state of disrepair as they are not generating enough income to cover their maintenance

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