Hosting such a global event will put many South Africans back to work. It is also a chance for the country to be in the spotlight and boost its economy.
For a more in-depth look on the effect of hosting the World Cup, see the related article link below.
Finance Minister Pravin Gordhan said current projections were that the tournament will add 0.4% to South Africa's real gross domestic product (GDP):What this actually means is that about ZAR R38 billion [approximately USD $5 billion] will be added to the GDP as a result of the World Cup.
The unemployment rate in South Africa fluctuates as it does in every country around the world. There is no correlation with the fluctuations with the unemployment rate and the South African business cycle.
nples on rea estate business in south Africa
there is 15 % unemployment rate in South Africa
One of the causes of the recession in South Africa is the slowdown in the manufacturing sectors. This made a huge impact on the country's economy.
on economy
It united the African continent as a whole, not done in Europe or Americas either.
south Africa
South Africa.
South Africa
Richard Jordi has written: 'Unemployment in South Africa' -- subject(s): Blacks, Economic conditions, South Africa, Unemployment
South Africa is currently hosting FIFA soccer worldcup of 2010.
South Africa
South Africa
South Africa.
South Africa.
South Africa.
South Africa