South Africa: World Cup to Inject R55 Billion Into Economy

26 November 2009

Johannesburg — The 2010 FIFA World Cup is expected to inject R55 billion into the domestic economy, according to the Deputy Minister of Water and Environmental Affairs, Rejoice Mabudafhasi.

The deputy minister said the Grant Thorn auditing firm, who had conducted the original economic impact assessment for South Africa hosting the World Cup, had found that not only would the event inject R55 billion into the domestic economy, but also create an estimated 415 000 new jobs.

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