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
NEXT ON SPORT24X

 

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
31 comments
Add your comment
Comment 0 characters remaining
Live Video Streaming
Video Highlights
Sport Talk

 

Puppy goes crazy over iPad game

Violet the puppy loves playing Cat Fishing 2 on the iPad!

 
 

For chic geeks...

Printable solar panels will bring exciting new opportunities!
Now there’s a special lane for texting while walking
LOL! 7 brutally honest texts from parents
This lock means keys are something of the past!
 
 
Men
Women
Love 2 Meet
English Premiership flutter

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

Featured Blog

Dave ask if you would like to meet your local sports heroes and stand the chance to win prizes to the value of over R40 000.

Latest blogs
Vote

How much of a runner are you?

Twitter Follow Sport24 on Twitter

Facebook "Like" Sport24's Facebook page

Newsletters Sign up for the Morning Glory, Super 15 and Soccer newsletters

WIN Enter and win with Sport24!

Mobile Sport24 on your mobile phone - WAP, alerts, downloads, services

Forum Have your Say on Sport24's brand new Forum!

BlackBerry Stay in the loop on your BlackBerry

iPhone Latest Sport24 news on your iPhone

RSS Feeds Sport news delivered really simply.

Blogs Yes your opinion counts. Get it out there

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