Director, Grant Thornton Strategic Solutions, South Africa

19/07/2010 09:57
He said investment inair force shoes on sale stadiums had created some 6,000 new construction jobs, and the security demands of the tournament now meant the country had an additional 40,000 police officers. Meanwhile there have also been increased hotel bookings, car rentals and sales of World Cup memorabilia (including the ubiquitous vuvuzelas) and sports items during the tournament. Advertising is also set to benefit from increased spending. The South African Treasury had Nike Dunk Shoes on salepreviously forecast the one-month tournament would add 0.4% to GDP this year, while Grant Thornton is predicting additional growth of 0.5%. The actual economic figures about the effect the World Cup has had will not be announced for another few months yet, nor indeed will Fifa's or those of the local organising committee. TrainingVibram Five Fingers on sale But it is not all positive news: unions have been predicting an increase in unemployment, particularly among construction workers and temporary staff employed at the 10 host football grounds. "Yes, the construction industry will MBT Shoes on salesuffer slightly," admits Ms Bac. There may be a drop off in construction work post-World Cup "But construction companies now have the World Cup work on their CVs and will be looking to win more projects, and there is a new pool of construction talent. "There are not going to be any more stadia built butNike Air Jordan Shoes there are other projects. For example the Gautrain rail project still has to be built all the way to Pretoria." And she said that the large infrastructure projects had provided training that workers might not otherwise have had, which could only help the country with regard to future construction developments. She also said that many of those employed at stadiums worked forNike Air Max Shoes agencies providing hospitality and other staff, and that these would now hopefully be contracted to other events. 'Problems' However, unemployment in South Africa remains high, while many in the country still live in poverty 16 years after apartheid ended. South Africa, a country of 49 million people, has onlyNike Air Force Shoes five million taxpayers but 13 million people who receive a social grant of some sort, says Ms Bac. Many South Africans live in homes with no electricity or running water "We have big problems in the country but not as bad as in some others," she adds. "Yes there is still a large unemployment rate, and housing and other issues, but the World Cup cannot solve all these problems. "However by providing employment it air forcehas hopefully increased the taxpayer base, providing more taxes which can then be spent on social needs." And she says the World Cup has shown that in some areas - such as management of major stadiums - South Africa still needs a "skills transfer" from international experts. But while all ethnic sectors of the country can benefit fromair force shoes such international expertise, Ms Bac acknowledges that post-World Cup "we need to equalise the skills factor of some sections of our community". In this regard she believes that the Black Economic Empowerment (BEE) programmes could continue to play a useful role. 'Eye-opener' Meanwhile, she says, the World Cup has been a "fantastic experience for South Africa" which the country hopes to build on with advertising around the globe to attract more visitors to the country. The event has helped broaden football's appeal in Nike Dunk ShoesSouth Africa "We have internationally-renowned cities - Cape Town, Durban, Johannesburg - and we have got the infrastructure to carry the country forward," she says. Meanwhile there has been an unexpected benefit for football. "The World Cup has brought more support across the communities for football too, where there has historically been a racial divide," she says. "The tournament has been a real eye-opener for so many people in this country."Nike Zoom Lebron VI Low Nike Zoom Mvp X Nash Nike Zoom Sharkley Paul Pierce Penny Hardaway