CRICKET SOUTH AFRICA (CSA) had many highlights in the past financial year including the publishing of its first integrated report and the embedding of many of the recommendations of the Nicholson Report.
The financial report was adopted and approved at today’s Annual General Meeting of CSA.
“Although CSA posted a loss in this year the reserve position is still healthy with 2013/2014 being the fourth year in the current cycle,” commented Louis von Zeuner, chairman of CSA’s Audit and Risk sub-committee. “As is well known, each year of the business cycle is dependent on the revenues which flow from inbound international tours.
“Many of the recommendations that flowed from the Nicholson report were embedded in the operations of CSA during the past year. Good governance and ethical behaviour is a particular focus.
“We know that a lot of work still needs to be done in the next year with a few key risks and finance priorities still to be addressed.”
These include, inter alia:
- Financial position of unions , affiliates and franchises – funding model , stadiums
- Governance reviews at Member level and aligning their constitutions with CSA
- Further improving financial administration, control and risk management
- Improving business efficiency and effectiveness
- Strategy – game , development and transformation
The Honourable Minister of Sport, Mr. Fikile Mbalula, addressed the meeting and expressed his satisfaction with the progress CSA had made in strengthening its corporate governance. “I would like to congratulate the Board and the Chief Executive for what they have achieved.
“We are heading for good times in cricket,” he said. “We are on the track for what we want to achieve. We have emerged much stronger out of that particular situation. I am happy that we are able to move forward on this journey.
“I want to invite you to join us on this journey so that we can roll out cricket across the length and breadth of the country. You have our support. What is really important is development and the time is now. It is time to walk the talk.”
Minister Mbalula also congratulated the Proteas on establishing themselves as the best team in the world and making the country extremely proud.
“We now need to turn our attention to the World Cup.”
The Minister also congratulated CSA on the work being done to transform the game. I can say without any shadow of doubt that within comparison to others cricket has come to the party.
The meeting confirmed Honorary Life Membership on Simon Swigelaar who has been involved with cricket in South Western Districts as player, umpire and administrator for a period of almost half-a-century.