Foreclosure Increase in South Africa After FIFA 2010 Soccer World Cup

I'm a South African and for the 30 years living in CapeAmidst all the noise of the vuvuzela's (yes that
Town I can truly say without a doubt that i amannoying blowing thing), the government have stepped
convinced this country will never change. We have justup security for both teams and the general public but
spent R48 billion (1 Rand = 8 Dollars ) to host the worldnow that the world cup has gone things have just
cup which I am glad to say was incident free but mereturned back to normal. All the reserve police officers
like many are beginning to ask the same question, wasthat were called back to duty during the event have
it worth it?now been laid off from their posts. Far more worse
I don't think so. I believe that all the money spentthan this is the economy, which has not really changed
hosting the event could have been better spent onin any good way. It was estimated that the world cup
measures to reduce crime. Many do however think2010 has added 4% to the GDP but at the same time,
that it was worth every cent but how far are wethe event has also put industry on hold thus causing
going to go to grab the attention of the world to makethe GDP to lose the 4% because the country basically
our country a travel destination before we start fixingstood still to host and watch the event.
the problems at home first. What good is it if wePrior to the event many people had taken out second
market ourselves all over the world but when visitorshome loans to renovate their homes in order to offer
do arrive, they are mugged on Table Mountain?accommodation for the "mass of tourists that would
Why not spend all our resources to make Southcome" but they didn't. This has for me been the
Africa safer? That way when people come here tobiggest blow to ordinary hard working middle-class
visit they can be assured that they will be safe.South Africans. To put it fairly many people and
Isn't a safer country more appealing than a countryindustry have lost out but this won't be an excuse
than a country that's unsafe? I would rather want towhen the bank comes to repossess the homes to
spend my hard earned money on a holiday that I knowpay back the loans. Reports are coming out on a daily
the chances of me being killed or mugged arebasis that more and more people have since defaulted
significantly lower than if I were to go to a beautifulon their home loans thus leading to final foreclosure.
and popular country where i stood the chances ofMy website which supplies visitors with information on
losing my life. What even more upsetting than thewhere and how to buy bank repossessed houses has
crime that I have to face on a daily basis is the factseen a significant increase of visitors post world cup.
that most South African were under the impressionMore and more requests are coming into my inbox
that is some or other way we would benefit financiallyabout people who are defaulting wanting information
from this event. The only industries that have benefitedon what they can do to stop the repossession from
from this event are the entertainment and hospitalityoccurring.
industries.