Saturday, August 15, 2009

Many Hurdles in Zimbabwe to Gain Benefit from World Cup

Zimbabwe is hoping to benefit from the upcoming 2010 World Cup in neighboring South Africa, but some analysts say the country's tensions and instability will likely limit the impact of the event.

These hopes are being dashed by the effects of the decade-long economic and political crisis which saw Zimbabwe being regarded in some quarters as a pariah state. Despite concerted efforts by stakeholders in the tourism sector to lure teams and visitors to the Soccer World Cup, the industry is still to regain its competitiveness that would enable it to lure a fair share of the tourist traffic come June 2010.

Analysts told The Financial Gazette this week that the sector is still hamstrung by a plethora of problems which include the unavailability of funds for refurbishments, an unsustainably high country risk, exorbitant prices and the uncertainty that continues to blight the country's body politics.

Zimbabwe: 2010 World Cup - Will This Country Benefit?
Financial Gazette
August 7, 2009