Gauteng Community Safety MEC Sizakele Nkosi-Malobane on Tuessday reassured the public that student l.
Butityi Konki has become another messiah for boxers, the victims of exploitation by some promoters, who paid them vile purse monies.
The minimum purse money for a four-rounder is R1500 while national champions' purses start from R50 000. Challengers get 25percent of it.
Champions managed by Konki stand to make hundreds of thousands in a short space of time.
Boxing's first saviour was Blacky Seoe. This businessman from Free State, who took up a boxing promoter's licence in 2007, raised eyebrows when announcing that his champions will get nothing less than R100 000.
He lived up to that promise, paying his WBF super middleweight champion William Gare R120 000 for each of his two defences. Seoe said he paid Bongani Mwelase R100 000 despite him losing the WBF welterweight belt because he was overweight.
Seoe's Robs Promotion shared Boxing SA's promoter of 2008 award two weeks ago.
Now it's the turn of Konki, another successful businessman and ardent boxing follower, who is causing a stir.
Last month he signed Philip Ndou and announced that he will pay him a monthly salary of R20000 "with or without a fight".
Konki accompanied Ndou to France where the "Time Bomb" destroyed Rachid Drilzane in five rounds.
Last Friday Konki signed national bantamweight king Simphiwe Vetyeka who will fight for the vacant IBO bantamweight title on June 13, his biggest payday in eight years as a professional.
"I will pay him nothing less than R300000," announced Konki yesterday. "The fight will be staged by Rodney Berman at Emperors Palace."
Vetyeka will also be paid a monthly salary.
Konki made it clear that Vetyeka will fight exclusively under the Golden Gloves banner of Berman. Vetyeka boasts eight defences of the national belt - five under trainer Nick Durandt, whom he left last month for Welcome Ncita in East London.