Cape Town - The SA Sports Confederation and Olympics Committee says it needs about
R400 million to prepare athletes for the 2016 Olympics in Rio de
Janeiro, Brazil, according to a Sowetan report.
This was disclosed to Parliament's portfolio committee on sports and
recreation by Sascoc president Gideon Sam and senior manager Ezera
Shabangu said the amount was required to help Team SA increase its
capacity to win more medals at the Olympics by setting up a training
camp in Europe in the run-up to Rio de Janeiro.
Sascoc chief financial officer Vinesh Maharaj said they had spent
R19 million on the London Olympics, and a further R16 million on the
It received an additional R14 million in sponsorships for the two games.