The SA Cricketers’ Association told its members that CSA will report a financial loss of approximately R250m in this financial year‚ but this was dismissed by acting CEO Kugandrie Govender and she said the governing body would declare a profit of R50m instead.
“We have made a profit in terms of this year‚ we have. We will net out a profit of R50m‚” said Govender. Saca CEO Andrew Breetzke told the players last week that “CSA is predicting a loss of approximately R250m this financial year and a forecast of over R400m for the period ending 2022.” CSA declared at last year’s AGM that the organisation was predicting a loss of R654m for the four-year financial cycle 2018/19 to 2021/22.
“The reality is that we have worked really hard since finding out [about] the R654m loss that became to be known as “Project 654” and we are now in a position where we can break even‚ never mind even making a loss‚ which you will understand that you know for a company like us that is wonderful.”“It has already changed. Project 654 is no longer relevant. It can’t stay fixed on 654 forever because year on year circumstances are different.
“So in the years two to four‚ if we carry on this trajectory that we are currently on‚ then project 654 will never become a reality.
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Cricket SA reports R50m profit‚ players union Saca claims the losses actually amount to R250mCSA declared at last year’s AGM that the organisation was predicting a loss of R654m for the four-year financial cycle 2018/19 to 2021/22. TiisetsoMalepa
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