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PORTFOLIO COMMITTEE MEETING

PORTFOLIO COMMITTEE MEETING. DATE: 10 October 2012 Venue: Parliament, Cape town. BOXING SOUTH AFRICA. Mandate as per Boxing Act 11 of 2001: To provide for a new structure for professional boxing in the Republic;

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PORTFOLIO COMMITTEE MEETING

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  1. PORTFOLIO COMMITTEE MEETING DATE: 10 October 2012 Venue: Parliament, Cape town

  2. BOXING SOUTH AFRICA Mandate as per Boxing Act 11 of 2001: • To provide for a new structure for professional boxing in the Republic; • to ensure the effective and efficient administration of professional boxing in the Republic; • to recognise amateur boxing; • to create synergy between professional and amateur boxing; • to establish a Boxing Commission known as Boxing SA; • to promote interaction between associations of boxers, managers, promoters, trainers and officials and Boxing SA; and to provide for matters connected therewith

  3. BOXING SOUTH AFRICA Vision To be a leading sport code in South Africa and a world class boxing authority Mission The effective and efficient administration and regulation of professional boxing Values P – Professionalism L - Leadership A - Accountability D - Diversity

  4. ACHIEVEMENTS • The timeous appointment of the new board of Boxing SA on 28/08/2011. • The holding of a Board Induction Workshop and 4 board meetings 2011/2012 financial year. • The successful establishment of committees. i.e. Events Sanctioning Committee, Ratings Committee, Disciplinary Committee and Management Committee. Audit Committee interviews and appointment by end October.

  5. ACHIEVEMENTS continued • The development Action Plan to rectify AGSA’s findings for the 2010/2011 AGSA report resulting in improved report 2012/2012. • Timeous submission of strat plan and all quarterly reports. Milestone in the history of Boxing SA • Road-show to present strategic plan and solicit input from stakeholders

  6. ACHIEVEMENT continued • Adoption of MOU with SABC with final signing on the recent SABC board meeting • Adoption of functional structure formulation, to consist of the Director: Communication and Marketing; Director: Compliance and Monitoring; Director: Corporate Services and a Chief Financial Officer. • appropriate licensing of boxing stakeholders in line with the provisions of the South African Boxing Act No.11 of 2001.

  7. Achievement s continued • 77 tournaments promoted throughout the country • 17 were female bouts

  8. Challenges • SRSA grant not adequate to meet legislative requirements • There are no financial resources available to finance strategic projects as per Strategic plan 2012 -2017 and strategic posts. (e.g Baby champs, training, rural development, infrastructure development e.t.c) • Representation in international conventions to leverage BSA’s presence in the world and continent

  9. CHALLENGES continued • Provincial and local government support with the exception of EC and KZN. (WC not interested at all) • Private strategic partnership with corporate sponsors

  10. Annual Report 2011/2012

  11. Annual Report 2011/2012

  12. Annual Report 2011/2012

  13. BSA CREDITOR ANALYSIS Major creditors & balances:

  14. BSA EXPENDITURE ANALYSIS • Reflects the affect of proper financial management & administration • Achieved through monthly finance reports, risk assessments and action plans

  15. SRSA grant (R5 052 000) Sponsorship (R0) REVENUE 2012/2013 Sanctioning Fees - 30/09/2011 (R588 000) License Fees – 30/09/2011 (R220 000) Other provincial grants (R1 000 000) Forfeit fees 30/09/2011 (R7 000)

  16. BSA REVENUE ESTIMATES *Used to settle long outstanding creditors SARS & AGSA old board and audit committee members that were not paid. All additional funding are used to fill in gaps for day to day expenditure and fill significant vacant posts. No approved funds available to meet strategic objectives.

  17. BOXING SA ORGANISATIONAL STRUCTURE MINISTER OF SPORT AND RECREATION SA HON. MR. FIKILE MBALULA DEPUTY MINISTER OF SPORT AN RECREATION HON. GERT OOSTHUIZEN BSA BOARD CEO MOFFAT QITHI PA to CEO (VACANT) CFO (OUTSOURCED: Financial Management Consultant) DIRECTOR OF OPERATIONS LOYISO MTYA (ACTING CEO) DIRECTOR: COMMUNICATIONS & MARKETING (VACANT) FINANCIAL MANAGER TUMELO KEKANA HR MANAGER (VACANT) BOXING TECHNICAL CO-ORDINATOR NOMSA MDHLULI IT & STATISTICS OFFICER SKHUMBUZO MOTHA TOURNAMENTS & OFFICE ASSISTANT ABRAM KAMBULE PROVINCIAL MANAGERS ACCOUNTS ADMINSTRATOR VERQUELENE JACOBS RECEPTIONIST LILLIAN DE WEE GENERAL ADMINISTRATIVE ASSISTANT MAJORIE THEBE ACCOUNTS CLERK (VACANT)

  18. BSA main goals – MTEF period • Generation of additional revenue - sponsorships • Appointment of permanent CFO – shortlisting is in progress – 2012/2013 • Filling in significant vacant posts • Clean audit reports

  19. THE END. THANK YOU!

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