World Cup injects billions in SA economy
By Ofentse Mokae
20 June 2010
The department of Home Affairs has reported that in the early days of the 2010 FIFA World Cup almost half a million people entered the country specifically for the tournament.
The department says in the first seven of the soccer spectacle 456-thousand people entered South Africa.
With South African Tourism conservatively estimating that each visitor will spend R12 000, they would have added just under R5.5 billion to the country's economy in the first week.
In addition economists predict that a further R1billion was spent during the opening weekend.
Accounting firm Grant Thornton estimates that the World Cup will pump at least R93 billion into the economy.
20 June 2010
The department of Home Affairs has reported that in the early days of the 2010 FIFA World Cup almost half a million people entered the country specifically for the tournament.
The department says in the first seven of the soccer spectacle 456-thousand people entered South Africa.
With South African Tourism conservatively estimating that each visitor will spend R12 000, they would have added just under R5.5 billion to the country's economy in the first week.
In addition economists predict that a further R1billion was spent during the opening weekend.
Accounting firm Grant Thornton estimates that the World Cup will pump at least R93 billion into the economy.
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