Other Sport

Lotto reduces Olympic funding

2012-10-28 11:54
SA Olympics hero Chad le Clos (File)

Johannesburg - The National Lotteries Distribution Trust Fund (NLDTF) has reduced the amount money it gives the country's Olympic athletes, it was reported on Sunday.

The NLDTF had capped grants given to each sports body at R2m, because it said the number of applications had doubled, The Sunday Times reported.

Sporting codes such as swimming, rowing and canoeing had received R8m in each of the past three years, the newspaper reported.

South Africa won six medals in these codes at the recent London Olympic games.

Sporting experts said the funding cap would put the country on a back foot as it prepared for the next Olympics in 2016, the newspaper reported.

The SA Sports Confederation and Olympics Committee told Parliament this week that it needed R400m to prepare for the next Olympics.

The money would be used to fund teams and ensure sporting federations maintained their infrastructure and developed young athletes.

"We had an ask of R72bn and we had R2bn [to allocate]," NLDTF spokesman Sershan Naidoo told The Sunday Times.

Read more on:    olympics 2016
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
8 comments
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

 
 
/Sport
Men
Women
Love 2 Meet
Sport24 on Twitter

Follow Sport24 news on Twitter

Featured

As the Absa Premiership nears the Christmas break, a little over half the season remains. Who will be crowned champions when all is said and done? Which teams will be relegated? Stay glued to Sport24 to find out!

Latest blogs
Vote

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

RSS Feeds Sport news delivered really simply.

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