What is the current economic environment in South Africa and what impact will the World Cup have on him?

South Africa is the second largest economy in Africa, and its per capita living standard is among the best in Africa.

South Africa is a middle-income developing country. Rich in natural resources. The financial and legal system is perfect, and the infrastructure such as communication, transportation and energy is complete. Mining, manufacturing, agriculture and service are the four pillars of the economy, and technologies such as deep well mining are in the leading position in the world. In 2009, South Africa's economy gradually picked up, with economic growth rates of -7.4%, -2.8%, 0.9% and 3.2% in the four quarters respectively. 20 10 the economy grew by 4.6% in the first quarter. In addition, the Yugoslav government also began to implement the "New Industrial Policy Implementation Plan" from April 20 10 to solve the long-standing structural problems of the Yugoslav economy, such as unreasonable industrial structure and high unemployment rate. The industrial system is the most perfect in Africa, the deep well mining technology ranks in the forefront of the world, and minerals are the main source of South Africa's economy.

The influence of the World Cup on South Africa;

1, visibility improved:

South Africa has become a famous tourist attraction and has formed a business model around sports events. The increase of South Africa's popularity will help to increase foreign investment and tourists.

2, the trend of tourism:

Affected by the World Cup, from 20 10 to 20 15, South Africa will add 150,000 overseas tourists and 700,000 tourists from within the African continent, totaling 2.2 million tourists.

3. Good returns:

(1) South Africa's infrastructure construction will play a lasting role in promoting the economy.

(2) Affected by the World Cup, South Africa's hotel reservation, car rental, sales of World Cup souvenirs (including the ubiquitous vuvuzela) and sales of sporting goods have all been greatly improved. Advertising has also made a good profit.

4, personnel training:

(1) The construction company now has working experience during the World Cup and has trained a batch of new talents, which will win more projects for the company.

(2) Large-scale infrastructure projects provide opportunities for workers to exercise and contribute to the future construction of South Africa.

5, broaden your horizons:

Hosting the World Cup has provided South Africa with valuable experience and attracted more tourists through publicity. At present, many cities in South Africa have gained international reputation, such as Cape Town, Durban and Johannesburg. The infrastructure construction for hosting the World Cup has further promoted the economic development of South Africa. The World Cup also brought an unexpected benefit: despite the history of ethnic conflicts in South Africa, the whole society unanimously supported the World Cup during the World Cup.