What the Brazil World Cup will cost

Our recent article on saving for the Brazil Soccer World Cup generated a great deal of interest among readers and many contributed what they believed the trip would cost.

One of our readers, Dumisani, sent me his spread sheet where he had calculated the costs based on current costs plus inflation and World Cup premiums. He estimates that a week’s trip will set you back R50 000.

His estimate is as follows:
Return Flight JNB to Rio via São Paulo (SAA) = R11 774

Accommodation for seven days at 2 star hotel = R6 300

Food + liquor = R4 099

Foreign Currency $2000 = R21 000 (assuming a 50% rand depreciation)

Match ticket (two matches) = R3 000

Passport = R150

International Driver’s Licence = R249

Travel clinic = R650

Car hire = R3 185

Probably the one figure that is overstated is the foreign currency. As Brazil is an emerging economy our currencies are fairly closely correlated. It would take a fairly big political event in South Africa to cause the rand to depreciate by that amount — but possibly still a risk.

Personally I would budget more for accommodation, at least R1 000 a night and flights could go as high as R20 000 depending on when you flew.

If you are aiming for R50 000 and start in January you would need to invest about R1 100 a month and have a return of 8% per annum to reach this goal.

Dumisani has chosen an Absa Investments Balanced Fund (53% equity) to save for this goal. Initially he did consider forming a stokvel among friends but the bank and transaction costs seemed to be too high and could eat in to the returns of any investment that they would make, so they decided that each person should be free to invest according to his own judgement.

My one word of advice would be for Dumisani to go and check exactly what fees he is paying at Absa — those bank consultants are very quick to take fees!

Read more news, blogs, tips and Q&As in our Smart Money section. Post questions on the site for independent and researched information

Subscribe to the M&G

These are unprecedented times, and the role of media to tell and record the story of South Africa as it develops is more important than ever.

The Mail & Guardian is a proud news publisher with roots stretching back 35 years, and we’ve survived right from day one thanks to the support of readers who value fiercely independent journalism that is beholden to no-one. To help us continue for another 35 future years with the same proud values, please consider taking out a subscription.

Maya Fisher French
Guest Author

Related stories

​The psychology of successful saving

You CAN save money if you just know how

Make the most of tax-free savings

Finance houses have moved quickly to offer tax-free products made possible by the minister.

SA’s poor save, one way or another

Most of their income is spent on transport and food, but formal and informal saving is a priority.

The harsh reality of saving habits

Comment by the media and communications manager at The Banking Association South Africa.

Why South Africans need to support the national savings drive

Comment by the managing director of the Mass Foundation Cluster at Old Mutual.

From smart phones to positive futures

Comment by the product marketing actuary at Old Mutual.

Subscribers only

Free State branches gun for Ace

Parts of the provincial ANC will target their former premier, Magashule, and the Free State PEC in a rolling mass action campaign

SAA bailout raises more questions

As the government continues to grapple with the troubles facing the airline, it would do well to keep on eye on the impending Denel implosion

More top stories

Unite with Nigeria’s ‘Speak Up’ generation protesting against police brutality

Photos of citizens draped in the bloodied flag have spread around the world in the month the country should be celebrating 60 years of independence

Hawks swoop down with more arrests in R1.4-billion corruption blitz

The spate of arrests for corruption continues apace in Gauteng and the Eastern Cape.

Catholic NGO boss accused of racism and abuse in Sudan

The aid worker allegedly called his security guard a ‘slave’

Agrizzi too ill to be treated at Bara?

The alleged crook’s “health emergency” — if that is what it is — shows up the flaws, either in our health system or in our leadership as a whole

press releases

Loading latest Press Releases…

The best local and international journalism

handpicked and in your inbox every weekday