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Pledges to get its act together

By unknown | Feb 28, 2007 | COMMENTS [ 0 ]

All reports by Bongani Magasela

Boxing South Africa (BSA) have sobered up from parliament's barrage of verbal blows for the financial mess it is in.

They were warned by the Standing Committee on Public Accounts (Scopa) last week that BSA would be forced out of business if they did not get their act together. They have promised to get to do so.

"We accept the ruling. Our finances will be in order in two or three months," promised public relations officer Loyiso Mtya.

The then auditor-general Shauket Fakie found financial maladministration at BSA in 2003 and 2004. He again expressed the same serious concerns in 2005.

Scopa is understood to have given BSA R1,4 million in 2004-05 and R1,7 million last year. Vincent Smith, an ANC member of Scopa, is quoted telling the chairman of BSA, Dali Mpofu, that Boxing SA's financial statements showed that the public money BSA had received had been the equivalent of an unconditional grant.

Smith suggested they must seriously reconsider giving BSA any more money until it sorted itself out.

Mtya said that Krish Naidoo, who was acting chief executive during that time, had been summoned by BSA to appear before its disciplinary hearing in two weeks' time.

Naidoo was suspended by BSA early last year for taking drastic decisions without their consent.

Mpofu came under fire for the apparent conflict of interests between his post as chairman of BSA and chief executive of the SABC. Mtya dismissed the allegations.

"Dali had been with BSA for four months when the SABC's offer came. He realises that boxing is in a quagmire in terms of finances and he said he would not leave until he sorts it out."


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