There will be R53m left from the original R450m of the 2010 Fifa World Cup Legacy Trust‚ once the R96m allocated to be spent by the SA Football Association (Safa) this year has been disbursed.
SA’s share of profit for hosting the World Cup amounted to US$65m‚ and that amount‚ which translated into R452m‚ went into the Legacy Trust.
Interest received on that over nine years has been R149m.
The expenditure has been R449m‚ leaving R150m. Of that R96m has been dispensed to Safa‚ leaving R53m.
The trust paid grants to Safa worth R321mn for various programmes.
It has financed Safa’s 52 regions (R31m)‚ associate members (R9.7m) and 311 Local Football Associations‚ or LFAs (R2.7m); and paid to NGOs (R29m) and bursaries (R2.3m).