Other Sport

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.


Read more on:    bsa


Read News24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.
Live Video Streaming
  • Blitz
    Mon, 24 Nov 2014 @00:00
  • SS1
    Mon, 24 Nov 2014 @01:00
  • SS2
    Mon, 24 Nov 2014 @02:00
  • SS3
    Mon, 24 Nov 2014 @03:00
Video Highlights
Sport Talk

Live scoring

Most Read


Rugby World Cup 2015

All the action from the 2015 RWC, including live coverage of all 48 matches, breaking news, fixtures, results, logs - and much more!


Rugby World Cup 2015

Boks were 'in a dark space'
Robshaw had raw deal
Boks must be 'more clinical' in quarters
Scotland braced for game of their lives
Love 2 Meet
English Premiership flutter

Take Sport24's "expert" tips at your peril...


Take a photographical trip down memory lane and remind yourself of how the Springboks fared in their five previous Rugby World Cup campaigns. In addition, pick your all-time Springbok Rugby World Cup Dream Team and you could win R3 000!

Latest blogs

How much of a runner are you?

Twitter Follow Sport24 on Twitter

Facebook "Like" Sport24's Facebook page

WIN Enter and win with Sport24!

BlackBerry Stay in the loop on your BlackBerry

iPhone Latest Sport24 news on your iPhone

RSS Feeds Sport news delivered really simply.

There are new stories on the homepage. Click here to see them.