Thursday, April 22, 2010

The World Cup's $12.6 Billion Impact

The World Cup will generate roughly 93 billion Rand ($12.6 billion USD), according to a recent audit. Much of the proceeds have been or will be generated by related infrastructure work.

[G]lobal audit and advisory firm Grant Thornton says the gross economic impact of the event is expected to reach 93 billion rand.

Of this, 62% is expected to be generated pre-2010, and 38% during the course of the year.

Foreign tourism will account for 16% of the gross impact.

The majority of economic spend comes from the national government’s spend on infrastructure and some operational expenditure.

World Cup will generate R93 billion - audit
April 21, 2010