Athletics SA is still caught in the debt trap

2011-11-26 20:52

Athletics South Africa (ASA) has yet to drag itself out of debt after president James Evans said ahead of this week’s board meeting that the “2011 financials are not going to be great”.

Evans could not immediately disclose the exact figures, saying the yearly report had not yet been finalised by the auditors.

“Last year’s financials (2010) indicated a lot of inherited debt and a lot of it has been rolled over.”

On the flip side, Evans said there was reduced expenditure on events this year.

ASA gets R6.7 million annually from their R20 million sponsorship from Yellow Pages.

Said Evans: “It’s good that there was no overspending, but also not great that there were fewer events.”

And without a chief executive, Evans conceded that “controls haven’t been as tight as they should have been had there been a CEO”.

ASA elected new members on to the board last weekend, and Evans believes this will assist the embattled athletics governing body to constitute proper committees.

“We are nearly over the rebuilding of the organisation – the board is back to its full complement as required by the King Commission and the Companies Act.”

At a recent council meeting, Pieter Lourens of Boland Athletics was voted new chairperson for the track and field commission.

A school principal, Lourens replaced Evans, who left the position vacant since he was elevated to the top seat in July.

The three additional board members are: James Mokoka (Athletics Gauteng North), Shireen Noble (Athletics South Western District) and James Moloi (Central Gauteng Athletics).

Track and field athletes won four medals at the IAAF World Championships and 13 at the All Africa Games.

Another positive: 10 new national records set this year, including the 12-year-old 4x400m men’s relay mark.

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