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.

Read more on:    kgalema motlanthe  |  economy

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