World Cup No Panacea for South Africa’s Problems

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(Black America Web) — South Africa may reap a long-term windfall for defying the skeptics and successfully hosting the World Cup. Short term, however, the profits are heading elsewhere while unions gripe and the nation’s already staggering unemployment rate climbs even higher. Tournament organizer FIFA is happy with near-record ticket sales and huge global TV audiences. Some of its major international sponsors also are reporting record sales.

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