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Monday, 5 February 2007, 15:37 GMT

Firms positive on 2010 World Cup

South Africa 2010 emblem and the World Cup trophy About three-quarters of medium and large businesses in South Africa expect to benefit financially from the 2010 football World Cup, a survey suggests.

The Grant Thornton study said that just under half the firms anticipated gaining in the run up to the event.

However only 14% expected to benefit during the World Cup itself, which provided a financial boost to the German economy in summer 2006.

And crime in South Africa was a big worry for firms, the study also said.

A total of 84% reported that they or their staff had been a victim of crime in the past year.

Investments

During last year's World Cup in Germany hoteliers, brewers, travel firms, and retailers all reported a more-optimistic business environment.

Asked about preparation for the country hosting football's showpiece event - the first on African soil - 60% said they had looked at diversifying their product or service while 53% were employing more staff.

In 46% of cases, firms were making additional investments into their businesses, the report found.

National chairman of Grant Thornton South Africa, Leonard Brehm, said that businesses needed to work in a safe, secure environment.

"This can only be achieved through strong and sustained action by government security agencies at all levels, supported by a culture of community participation in assisting with the detection and control of crime," he said.



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Related to this story:
S Africa hospitals delayed by Cup (27 Jan 07 |  Africa )
2010 World Cup inspiring SA youth (08 Dec 06 |  Africa )
S Africa unveils World Cup budget (25 Oct 06 |  Africa )
In Pictures: Homeless Football World Cup (26 Sep 06 |  In Pictures )
All eyes on South Africa for 2010 (08 Jul 06 |  Europe )

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