Boxing South Africa is broke

2011-07-01 08:52

Johannesburg - Boxing South Africa is bankrupt. BSA's executive board member Sakhiwo Sodo revealed the state of the national controlling body's finances,  reports the Sowetan.

Sodo said the estimated R5 million that was approved by then minister of sport Makhenkesi Stofile but given to BSA by current minister Fikile Mbalula went towards paying off the body's tax backlog with SARS.

BSA's debt to SARS is estimated to be around R8 million.

The news that BSA owed SARS millions emerged during the suspension on full pay of then acting CEO Loyiso Mtya. Chairperson Peter Ngatane declined to confirm or deny that Mtya had been suspended because of the massive debt to SARS.

Mtya has since returned to BSA but this time as director of operations after the national body could not find grounds to charge him.

This is the position that Mtya held before he was appointed acting chief executive after the departure of Bongani Khumalo two years ago. Mbalula recently appointed Moffat Qithi as permanent CEO.



  • leerobbertse - 2011-07-01 09:08

    Oh what a surprise! just came as a complete shock.

      LemonParty - 2011-07-01 10:07

      Give them more money, they show bottom line then everyone gets a fat increase because of improved performance - Just like Eishkom. Eish wena , the African way.

      leerobbertse - 2011-07-01 10:43

      This Apartheid tax system is ruining everything, must be replace by the stockvel system so that every one can share the profits.

      sean.redmond3 - 2011-07-01 11:52

      Total shock. Is there anything they can run without running into the ground????????

  • Babba x - 2011-07-01 09:10

    Eish, another ANC run institution down the drain

      Dan - 2011-07-01 09:54

      what has it got to do with the ANC???? That very foolish of you to say...

      Bobcat - 2011-07-01 10:55

      @ Dan - Dan, clear the sh1t from your eyes... The ANC is the ruling party, it is their duty to to protect and use our hard earned Tax money in the best possible way. Bailing these morons out with the money and paying SARS with it is not the way it should be spent!! Maybe I should tell the beggar on my street corner "Eish, sorry - I cant help feed you today, The ANC spent my money and I have nothing left to help you with!!"

      Prowler - 2011-07-04 16:19

      Dan, are you dumb or just another ANC fraudster?

  • CynicBelieve - 2011-07-01 09:14

    Looks like it's going to become a boxing match :P

  • Pete - 2011-07-01 09:14

    one domino in the South African compendium of empowerment games. Won't have to wait long for the next one to fall...

  • scorpio - 2011-07-01 09:18

    The only thing that works is SARS. But then once they get the money, everything goes down the drain. And one day they will look back, and blame it all on apartheid. Ongeloofluk.

  • sjacksch - 2011-07-01 09:25

    K.O !! Soon SA will also be K.O !

      Laserguided - 2011-07-01 09:49

      You are so right. This whole country won't last another 5 rounds if the ANC keep on ruling it.

  • Green Oaks - 2011-07-01 09:25

    "THEY" just can't work with money, now can they?

      Deeteem - 2011-07-01 09:34

      Mmmmm no, they just do not want to work !!

  • Dolittle - 2011-07-01 09:33

    surprise, surprise! Could this be anti-ANC propaganda!

      Nunya - 2011-07-01 09:49

      Shut up!

      Bobcat - 2011-07-01 10:50

      Your name is "Dolittle" of course you are an ANC supporter!! Makes sense that "Dolittle" supports the ANC which in turn "DOESNOTHING!!"

  • Uneducated - 2011-07-01 09:44

    What can we say .......cANCer...Same story different day...Blame it on apartheid,land reform,Banks ,Mines and the Boere.....maybe that will work.Show me one institution thats been taken over where the "hungry " has not eaten everything.Listen to VAVI.....the hyenas are hunting ..........where can we destroy before anybody else gets anything!!

  • Nunya - 2011-07-01 09:48

    Was it nationalized???.....hahahaha!!!!!

  • Laserguided - 2011-07-01 09:52

    "Chairperson Peter Ngatane declined to confirm or deny that Mtya had been suspended because of the massive debt to SARS." - This is why Boxing SA and the whole country is going down the drain: Cadre deployment

      johan - 2011-07-01 14:28


  • Mikus - 2011-07-01 10:04

    Uhm - guys, I'm as ANC negative as the rest of thinking SA however, pause a second and consider the financial demise of The Golden Lions Rugby Union and the embarrasing state of salary affairs at Escom - both have whitie top management.....

      Bobcat - 2011-07-01 10:13

      Umm bud, hate to break it to you... but the Guma group executives are pretty much "Sleeping" with the ANC, Ivor Ichowitz himself has been "proudly" involved with the ANC for many years - Handing them wads of cash over this time!! Methinks the ANC mentality has rubbed off on him too!! A mentality of, "Oops, this is harder than I thought - Cant believe throwing money at the situation didn't help?!"

      Mikus - 2011-07-01 10:40

      Bobcat - bugger, I thought I had it all neatly wrapped up! I understood Guma and co to be investors in the union with Kevin de Klerk (and carefully selected management) controlling the show - apologies.

  • Bobcat - 2011-07-01 10:04

    This has got everything to do with the ANC - They are the controlling government, they should be looking after the countries sporting bodies!!! However, once again... Eish, the Gardner broke the lawnmower - Now the baas must buy a new one!!

      Kaapie - 2011-07-01 11:48

      Bobcat I think you talking nonsense.. Guma and co only joined the lions a short while ago. Already then the Lions were in trouble.. Clearlt the marriage didnt last because the okes dont see eye to eye re running of the franchise.. I think you are nothing more than mischievous. Boxing has been in trouble or a while now

  • Niekie - 2011-07-01 10:09

    Ha Ha! Just goes to show again how goos they are at running things! Lets nationalise the mines and banks like Malema says! See how good that will work out! They just don't have the mental ability or moral compass to run things honestly and successfuly!

  • 10111 - 2011-07-01 10:10

    Don't worry tax payers will end up rescuing this association like many others and many others to come. All I want in return is just a simple “thank you.”

  • frederick777 - 2011-07-01 13:04

    surprized? Its because they put men and women in charge whom have never before had their own business or been involved in the management of a business. They see money, they spend it!

  • AndV - 2011-07-01 13:10

    Is there anything these guys can manage successfully? Pls name me but one.....

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