Tuesday, August 31, 2010

WC foreigners injected R3.1 bil into SA

happy times

Seems as though Phillip, left his wallet here and we have no intention of returning it. Foreign Visa card spending reached R3.1 billion during the lead-up to, during and after the 2010 FIFA World Cup in South Africa.Spending continued in the three weeks after the final and was up 55 percent over 2009 levels with 49,000 Visa transactions on average a day from the start of June until the end of July.

According to the latest data figures released by Visa Inc., the South African economy saw a massive boost in foreign visitor spending on Visa cards.

Visa spending data indicates:
- Spending during the period of the 2010 FIFA World Cup (11 June – 11 July) was 82 per cent higher than in 2009.

- The United Kingdom (19%), followed by the United States (18%), Australia (4%), Brazil (3.7%) and France (3.4%) have been the strongest contributors to visitor spending to date. These five countries alone accounted for 49 percent of spending.

Just a few things you could swipe your visa for

- Over 90 percent of spending was in typical leisure and business travel categories - accommodation, restaurants, retail, auto rental and air travel.

- The biggest increases among the top 25 countries (ranked by spending) were from Mexico (3,300%), Argentina (1,600%) and Brazil (570%).

- The biggest spenders from the African continent were Mozambique (R91 million), Botswana (R90.8 million) and Angola (R68 million).

Glad to see the econmy just got a huge stimulus shot, shit is music to my ears, infact so musical, that the Wu are the only ones who can express our happiness.



1 comment:

  1. Thanks for the information. Hope devotes will be careful after reading this post.Regards

    Pretoria and Umhlanga