The hosting of the 2010 FIFA World Cup, which has pumped an estimated R93-billion into the local economy, has rebranded South Africa and created a favourable climate for direct foreign investment and tourism growth, says KPMG senior economist Frank Blackmore.
How did South Africa benefit from the 2010 FIFA World Cup?
For South Africa’s economy, a direct benefit of hosting the tournament was that it added 0.4% to national economic growth, translating into R38-billion that year, as estimated by the finance minister, Pravin Gordhan. This occurred at a time when the rest of the world had fallen into recession.
How did the World Cup impact South Africa?
Some news articles have started to highlight the negative impacts on certain countries after hosting the World Cup including but not limited to: financial repurcussions, sex trafficking, unsustainable tourism, and unsustainable government spending.
What has been the impact that the 2010 World Cup had on the continent of Africa and the world?
It has been a year since the kick-off of the 2010 football World Cup in South Africa. … For South Africa, one of the greatest benefits was the upgrading of its infrastructure. Besides the building of new stadiums, the government improved national roads and airports.
How does the World Cup affect the economy?
The most notable effect of hosting the World Cup is the general economic expansion and increase in spending that the host country experiences. Hosting the World Cup requires minimum capacity and facility requirements for stadiums, thus creating many short-term jobs in the country.
How much money did South Africa make from the 2010 World Cup?
FIFA made a profit of $631 million over the four years leading up to South Africa’s World Cup, with 87% of its $4.19 billion turnover generated by the tournament itself.
Who did South Africa beat in the 2010 World Cup?
During the 2010 World Cup in South Africa, they beat France 2–1 and drew 1–1 to Mexico, but lost 0–3 to Uruguay. They lost out on progression to the round of 16, on goal difference.
Did the World Cup help South Africa?
Hosting the first soccer World Cup in Africa was seen as a coming of age for the embattled continent. … He said airports, roads and stadiums built for the tournament had proven a major boon, not only for South African sport but also its economy, notably tourism.
Why is South Africa hosting the World Cup?
Africa was chosen as the host for the 2010 World Cup as part of a short-lived rotation policy, abandoned in 2007, to rotate the event among football confederations. Five African nations placed bids to host the 2010 World Cup: Egypt, Morocco, South Africa and a joint bid from Libya and Tunisia.
Who won the football World Cup in 2010?
Spain national football team
Who was the best player in 2010 World Cup?
(CNN) — Uruguay striker Diego Forlan has won the FIFA Golden Ball award for the top player of the 2010 World Cup after inspiring his country to its best performance at the global showpiece in 40 years.
Which two teams reached the finals in 2010?
With both the Netherlands and Spain attempting to win their first FIFA World Cup, the 2010 final became the sixth final to be contested between non-former champions after 1930, 1934, 1954, 1958, and 1978.
Road to the final.
What did the World Cup 2010 mean to this history?
The 2010 FIFA World Cup™ meant more to South Africa than this time-honoured sport, though. This event saw a massive rejuvenation of local resources and infrastructure, a cooperation amongst so many industries, to make it the best, most vibrant, and most efficient event of the century.
Why is the World Cup important?
It determines the sport’s men’s world champion. It is likely the most popular sporting event in the world, drawing billions of television viewers every tournament.
Does the World Cup have a lasting positive impact on hosting countries?
This has been proven by the World Cup’s most recent host, Russia. … The cost of building and improving infrastructure, paying construction workers, and hiring security cut deeply into the revenue made over the course of the World Cup.
Does hosting the World Cup make money?
Key Takeaways. FIFA makes money through the sale of television, marketing, and licensing rights for football events like the World Cup. Infrastructure costs for World Cup events are left up to host countries, keeping FIFA’s expenses low. In 2018, FIFA generated more than $4.6 billion in revenue.