Fifa has credited South Africa with a US$100 million legacy fund to be spent on education, health and humanitarian projects as a reward for hosting the 2010 World Cup.
"We trusted South Africa and that trust was well founded," said Fifa president Sepp Blatter. "Fifa are not a circus where we pitch our tent and remove them when the event is over. Fifa will leave a lasting legacy for the youth of South Africa thanks to this successful World Cup.
"This is also a reward for South Africans for having been such great hosts. We always said that the first World Cup on African soil should leave a lasting sports and social legacy. This trust is yet another concrete achievement in this area."
Although the fund, which will be administered by auditor Ernst and Young, is reserved for a wide range of public benefit initiatives, Blatter confirmed that US$20 million had already been used to build the South Africa Football Association (SAFA) House next to the FNB Stadium, the host venue for the 2010 World Cup Final.
South African president, Jacob Zuma, added, "We wanted a World Cup that would contribute to social cohesion and national pride that would enhance African solidarity and improve the country's global reputation. Our expectations were exceeded.
"Now remains the difficult but most important task of ensuring a lasting legacy and to build world-class national teams both at youth and senior level. This legacy trust is an important contribution towards that goal."
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