JOHANNESBURG – Cricket South Africa (CSA) hosted its Annual General Meeting in Johannesburg on Saturday.
The AGM heard from Sports Minister the Honourable Tokozile Xasa, who on behalf of the government, gave CSA the thumbs up for being one of the leading sports federations in the country and an example of best practice for all federations.
“There is growing evidence that sport is making a difference to individuals and the communities in which they live,” the Minister commented. “Sport and Recreation is now internationally recognised as being about more than fun and games. It touches every aspect of the nation’s ego.
“It is encouraging to see that CSA has embraced the tenets of the National Sports Development Plan. This includes good corporate governance and the advancement of transformation.
"These remain cornerstones of what you do. I urge you not to lose sight of the implementation of your vision to make cricket truly accessible to all at all levels of the game. We are very excited about your efforts. We can see cricket rapidly and robustly reflecting the demographics of our society.
"We appreciate also your efforts in doing this for both men and women.
“We are very proud of both our Proteas men and women and this is one Federation we will continue to support. We will work together to help promote women in sport and to give them equal opportunity in representing our country so well.
“We are using CSA as an example of the best practice for all our codes to move in the right direction for both men and women.
“Please accept our sincere appreciation of the work that you do,” the Minister concluded.
“I would like to express our appreciation for the support we receive from the Government and the Minister for her kind words and the instructions you have for us,” commented CSA President Chris Nenzani.
“It is important that we do not deflate or disappoint the Minister’s confidence in us and we will continue to strive to achieve the goals we have set ourselves.
“The presence of both the Minister and Deputy Minister, Gert Oosthuizen, is an indication that cricket belongs to all the people of South Africa,” said Nenzani in his Presidential Address.
“Cricket in this country has had a troubled past and there are certain things we could have handled better at unity on the basis of equity rather than equality. It was against this background that transformation became a strategic focus. The intervention of the Minister in 2012 forced us to self-correct.
“The Governance that emerged from that revolutionary outcome has been a game changer for us. We will never administer cricket in a manner that is not in line with good corporate governance. That is a sustainability issue.
"As the leadership, we were comfortable that we had to postpone the T20 League in order to sustain the game in this country which is our key mandate.
“In spite of this, we are in a very healthy financial position.”
The tabled and approved financial statements for the past year reflected revenue of R1.5-billion and a consolidated bottom line profit of R350-million. The profit for the four-year cycle just concluded amounted to R406-million.
CSA has a cash balance of R627-million.
In terms of CSA’s geopolitical re-alignment, Mpumalanga and Limpopo were ratified as members of the Members Council with full voting rights.
The position of vice-president and one non-independent Board member had to be held over until the next Members Council meeting as a majority could not be achieved for either position.
Non-Independent Directors (3 vacancies): Zola Thamae, Angelo Carolissen (one position held over)
Independent Directors of the Board: Professor Shirley Zinn and Professor Steve Cornelius filled the two vacancies.
Nenzani thanked the retiring members of the Board – Independent Directors Advocate Norman Arendse SC and Advocate Vusi Pikoli and Non-Independent Directors Fa-eez Jaffar and Rihan Richards – for their contributions since the new Board came into being in 2012.
African News Agency (ANA)