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Johannesburg - The skills gained from the infrastructure developments for the World Cup soccer tournament have enhanced South Africa's ability to tackle mega projects.
This is one of the principal benefits the country will derive from the soccer tournament, reckons Finance Minister Pravin Gordhan.
Total expenditure on the tournament amounts to R33bn, most of which has been spent on stadiums (R11.7bn) and transport (R12.95bn).
About 130 000 jobs were created in constructing the stadiums.
The construction of the stadiums brought social benefits worth R7.4bn, R2bn of which went to low-income households.
The effect of the soccer tournament on real GDP growth between 2006 and 2012 is 0.25%. For 2010, real GDP growth is 0.4%, and the spectacle will contribute an estimated R4.9bn to real GDP.
This is based on the premise that the tournament will attract 450 000 visitors.
- Sake24.com
For more business news in Afrikaans, go to Sake24.com.