The tournament has been organised by soccer's global governing body FIFA and by streetfootballworld - a non-profit making organisation based in Germany. FIFA said it had ploughed $3 million into the tournament.
Talk to the teenagers involved, and it is clear that "Football for Hope" offers them a wonderful opportunity.
They get to come to the World Cup, see something of South Africa, meet other kids from around the world and, of course, play football.
"It has been an amazing shared experience, meeting people from all sorts of other countries and cultures," said Andrea Del Rio, an 18-year-old player from Chile.
"We've been able to see a bit of Alexandra too. The poverty here is unbelievable, I think it's made us all appreciate how lucky we are."
But what is the lasting legacy of the tournament? What has it done for Alexandra, home to 750,000 desperately poor South Africans?
Hubert Tiger, FIFA's corporate social responsibility operations manager, insists it has made a difference.
World soccer's governing body FIFA, along with its partners, has modernised a local school that has been used to house the 400 tournament participants, he points out.
Once the tournament ends, the organisers will hand out much of the IT hardware used here -laptops and mobile phones - to the delegations to take home with them. The rest will stay in Alexandra for local use.
"Of the 320 volunteers who have worked at the tournament, 60 percent come from the local community and have got training," Tiger said. "They don't just walk away with a uniform, they walk away with basic services skills."
Participants paint at a workshop to promote the Football for Hope programme at the Queen's High School in Johannesburg
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