News24

Lotto reduces Olympic funding

2012-10-28 11:54

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.

SAPA

Comments
  • johan.jacobs.5680 - 2012-10-28 12:04

    Allocating it to the elections?

  • squeegee.pilot - 2012-10-28 12:04

    If Lotto and these sport federations stop stealing there will be enough money to go around...

      hamish.drake1 - 2012-10-28 12:26

      Agreed. Why should the lotto give money to organisations, which have no accountability. I would rather the individual athlete apply for funding. Performance then equals to continued funding. No performance, no funding.

  • faizieishlah.shabalala - 2012-10-28 12:11

    Good, these are professionals lets stop beating around the bush. Get corporates to sponsor them

  • phumlani.loliwe - 2012-10-28 12:18

    I bet Gidani's CEO can make that R2m with just his bonus...it seems the more money we have in this country the less efficient we spend it!

  • mandy.erickson.71 - 2012-10-28 12:36

    The Lotto are obviously punishing Gideon Sam, the SASCOC President, for telling the truth insofar that he has repeatedly called for sports authorities to take control of the money allocated for sports. It is no secret that the lotto is grossly inefficient. Using a pathetic excuse as they have done, shows poor leadership. A proper manager would have employed additional staff to cater for the extra demand. Imagine a shopkeeper closing his doors or limiting purchases because his cash register can only take 2 items. He would soon be out of business. Lotto needs to stop being vindictive and start running with some sort of accountability and responsibility to those it purports to represent and support.

  • nicola.killops - 2012-10-28 14:33

    Lotto sent R50 million to the Serbian tourist board this year, yet my sons special needs school for autism will close its doors next month for good because Lotto withdrew the funding they have provided for the last 9 years without warning or reason.

  • beverly.young3 - 2012-10-28 16:55

    The Lotto funding is skewed.....REAL charity, is being ignored and in order to apply for money, you need a degree. I mean how can they fund a pingo pong team to the tune of millions, and ignore appeals, for SPCA, and the thousands of food/charity applications?

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