South Africa faces a funding shortfall of 2.3 billion rand (188 million pounds) for six new stadiums built for next year’s Soccer World Cup, Finance Minister Pravin Gordhan said on Thursday.
South Africa, in its first recession in 17 years, is the first African continent to host the world’s most watched sports spectacle, starting next June.
“National Treasury has informed me of the projected shortfalls for the 2010 FIFA World Cup stadiums. The total shortfall on the six new stadiums is 2.33 billion rand as of July 2009,” Gordhan said in a written response to a question in parliament.
PUBLICATION: The New York Times
AUTHOR: REUTERS – Wendell Roelf
DATED: 17th September 2009