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South Africa economy: World Cup's biggest winner

06-22-2010 09:35 BJT

The competition in this year's World Cup is heating up in South Africa, but there's already one clear winner - the South African economy.

More than 450 thousand travelers have visited South Africa since the World Cup kicked off. Nearly 3 million football tickets have been sold, bringing in around 300 million US dollars of income to the nation's economy. That's 40 million dollars more than predicted. Out of that revenue, 77 million dollars will be put towards the development of football in South Africa.

In addition, around half a billion people have watched the competition on TV. Business auditor Grant Thornton says, the World Cup will bring around 18 billion dollars to the local economy. But the president of South Africa's Chamber of Commerce says the World Cup is priceless, because it's thrown the world's spotlight on the nation.

Editor:Xiong Qu |Source:

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