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World Cup boosts South Africa economy

07-07-2010 14:01 BJT Special Report:World Cup 2010 |

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South African President Jacob Zuma says the FIFA World Cup has boosted the country's economy, and provided good returns on investment.

In preparation for the big event, South Africa invested about 4.4 billion U.S. dollars in transport infrastructure, telecommunications and stadiums. World Cup has created a significant number of new jobs.

The president says careful planning over many years is now paying off. South Africa's Finance Ministry agrees, adding that the World Cup will contribute more than 0.4 percent to the country's GDP this year.

Meanwhile, economists say the country can expect more foreign investment in the long term, having raised its international profile.

Editor:Xiong Qu |Source:

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