- Home
- > Government 2010
- > Funding
South Africa's Minister of Finance, Trevor Manuel
News
Finance Minister to announce Eskom support
20 February 2008 - Budget allocations to support national electricity provider Eskom, are expected to be announced by Finance Minister Trevor Manuel, when he delivers the national budget, later on Wednesday.
Indian tech giant becomes 4th sponsor of 2010
25 November 2007 - An Indian global consulting and information technology service provider, Satyam, has become the fourth sponsor after Anheuser-Busch, McDonald's and MTN to sign up for the 2010 FIFA World Cup™.
IIC satisfied with SA's preparation for 2010
12 November 2007 - The International Investment Council (IIC) is satisfied with South Africa's preparation for the 2010 FIFA World Cup™.
Funding
The Government of South Africa has committed itself to the investment in infrastructure, logistics, communications and security that will be needed to ensure that Africa’s first FIFA World CupTM is a resounding success.
South Africa’s Budget for 2007/08 – was presented to Parliament by Finance Minister Trevor Manuel in February 2007. It updates the approach to the World Cup set out in the Medium Term Budget Policy Statement of 2006; which details the Government’s investment in 2010.
The Government’s total contribution to infrastructure and stadiums stands at R17.4 billion. Of this:
- R9 billion will go towards transport and supporting infrastructure
- R8,4 billion will pay for building five stadiums and upgrading another five
But it’s not only World Cup infrastructure projects that will receive funding: the Budget also provides for non-infrastructure projects – such as sports and recreation programmes, arts and culture programmes, policing and emergency medical services.
Funding from the national government will be supplemented by contributions from provincial government, local government and other partners.
The medium-term expenditure framework
The national budget follows a three year “medium-term” cycle. Medium-term spending plans are guided by South Africa’s social, economic and development priorities
The 2007 – 2010 medium-term expenditure framework, which extends until March 2010, covers the bulk of the funding the Government will invest in the 2010 tournament.
Spending for development
Budgeting for 2010 was guided by a National Treasury funding protocol that prioritised spending that would leave a lasting legacy. This means that public money is being invested in World Cup projects that will help achieve existing government objectives – as the understanding is that hosting the event must help South Africa achieve its development goals.
The Government’s R17,4 billion direct investment in the World Cup is part of a much larger spending programme between 2006 and 2010. During that time, the Government will be investing more than R400 billion in the country's infrastructure – from rail freight services and energy production, to communications, airports and ports of entry.
Non-infrastructure spending
For non-infrastructure activities related to 2010, the Budget provides the following.
Sport and recreation
- R25 million for the preparation of volunteers for the World Cup, including screening, training, accreditation and deployment of volunteers in June 2010
- R17 million for multi-sport code festivals and other recreation events, such as a street-football programme, that will mobilise communities and create awareness of and enthusiasm for the World Cup
- R337 million for Leaving a Legacy projects, which will focus on a sports club support programme, capacity building and placement in Sport Federations, development programmes at grassroots level, talent identification and coach development
Arts and culture
- R150 million for the World Cup opening and closing ceremonies and funding to the arts and culture sector. Revitalisation of community art centres will help the sector take advantage of increased tourism leading up to and during the event.
Health
- Emergency medical services in the provinces have been funded as part of the Provincial Equitable Share. Upgrading these services for the World Cup will leave an important legacy.
Safety and security
- R666 million will fund CCTV cameras, national and local command and control centres, radio communication technology and helicopters, and will also cover the employment and training of police officers. About 31 000 police officials will be deployed to ensure security in June and July of 2010 funding will be provided to cover their accommodation, daily allowances, travel and subsistence costs.
Telecommunications
- Funding will be provided in the 2008 medium-term framework for communications specifically for the World Cup.