South Africa warned economic benefits of World Cup “overstated” 09/03/2010 |
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The World Cup will have little economic impact on South Africa, a leading researcher has warned.
Dr Udesh Pillay, principal investigator and executive director at the Human Sciences Research Council, said the country would enjoy many positives from the event, but that its economic benefits had been overstated.
The Sunday Times newspaper in South Africa reports that Pillay has been conducting research on the World Cup for almost five years. He is publishing a book called Development and Dreams: The Urban Legacy of the 2010 Football World Cup and in it he claims that:
• The tournament will not significantly abate poverty or accelerate levels of service delivery
• Although 150,000 employment opportunities were created during the build-up to the event, these were mostly temporary and with little skills transfer
• Increased trade and investment flows have yet to materialise
• The boost to tourism is unlikely to exceed 0.5% of the country's GDP
Pillay added: "I'm very excited about the World Cup, but I'm also pragmatic.”
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