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PLEASED: Fifa's Jerome Valcke

 I'm glad that we are now entering a phase that will focus on implementing the vision to ensure that the legacy can benefit the host country 

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"We are very pleased that the trust is now fully operational. It is the first time in the history of the World Cup that such a trust has been established and it required a complex administrative process, which is why it took us some time to set it up," said Fifa general secretary Jerome Valcke in a statement released by world football's governing body after the meeting.

"I'm glad that we are now entering a phase that will focus on implementing the vision to ensure that the legacy can benefit the host country."

The fund comes from the profits of a successful tournament and Fifa says it is designed to support a wide range of public initiatives in the areas of football development, education, health and humanitarian activity.

Applicants with worthy projects can start applying from June 1 and the first successful initiatives, once they have passed an evaluation panel, will be approved by the end of the year.

After that, money will be awarded to worthy causes on an annual basis.

"From today, we can look forward to the fruits of 2010 being enjoyed at grassroots level and within communities across South Africa," added Safa president Kirsten Nematandani.

Danny Jordaan will serve as the chairman of the board.

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Mon May 20 13:47:16 SAST 2013 ::

Apr 19, 2012

wearefamily

The vultures with dodgy companies are happy that the millions are now up for grabs.
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Apr 19, 2012

eKapa

imali iya emalini...the rich gets richer
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Apr 19, 2012

truthhurt

LET THAT MONEY PAY FOR E-TOLLING, WHEN THEY FIRST STARTED FIXING THE ROADS THEY SAID IT WAS FOR 2010.
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Apr 19, 2012

Serenade

that money is for E-Tolling, The so called World Cup asked for E-tolls NOT US so its pay time now transfer that money to Nazir Alli CEO of SANRAL so that he can make a plan with his E-Tolls.
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Apr 19, 2012

Papage

If it takes FIFA to decide how our money should be used for and be controlled by remote control, then it says a lot about ourselves. S.A wakeup
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Apr 19, 2012

Papage

Only R450million, where is the rest? it sounds too small to be true, how much as a country did we use to build the infrastructure and the like, the cost of hosting the world cup,?
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Apr 19, 2012

TDK

Khoza and his croonies are going to loot the fund. Excuse? Outstanding bonuses for securing world cup.
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