Why Hosting the World Cup Is a Losing Proposition for South Africa
August 18th, 2010 | 
Author: Daily Finance, 12 June 2010
Organizers of the 2010 World Cup, which started Friday, are making the same error that backers of big sporting events always do — overpromising and underdelivering.
In 2008, the South African government said the global soccer tournament would create an estimated 695,000 jobs and have a gross impact of 93 billion rand ($12 billion U.S.) on South Africa’s economy. The government also estimated that the games would grow the country’s gross domestic product by 0.3% to 0.5%.
“The indirect spin-offs from improved perceptions abroad could have an even greater, longer-lasting impact, not only on South Africa and its development but on the continent as a whole. A successful World Cup will help change the perceptions that a large number of foreign investors hold of Africa ” the government wrote on its web site.
See full article from DailyFinance: http://srph.it/d2oVR9
Posted in Snippets
Please lah, RUSSIA will get the World Cup 2018
They already started building staduim liao
Even Bill Clinton bidding for World Cup 2018
FIFA, should as a soccer body should promote soccer to all over the world and not to established soccer nations that had plenty of it
FIFA should introduce soccer to non-traditional countries, like India, China, USA and Russia spreading the good news of soccer
Like or Dislike:
0 
0