CSA goes on the offensive

2011-11-30 15:46

Cricket South Africa (CSA) went on the offensive when it had its turn at the Ministerial Commission of Inquiry into its financial affairs in Pretoria.

Easterns Cricket Union president Andrew O’Connor said, on behalf of CSA, that he was satisfied with the Khan Commission – the internal enquiry which was held by the CSA to investigate the issue around the Indian Premier League (IPL) bonuses.

CEO Gerald Majola was reprimanded by CSA after the commission had made its findings.

“I felt that questions asked by the commission where answered forthrightly and I was satisfied. I was satisfied with the report from the commission,” he said today.

O’Connor said that while Majola had not declared the bonuses, the CSA’s remunerations committee (REMCO) should have known about these. “They should have seen them. It is part of their mandate.”

O’Connor picked holes in the KMPG report, which he said did not find any wilful dishonesty committed by Majola.

This was, however, in contrast with what KPMG’s risk and compliance specialist Herman de Beer had said in his submission to the enquiry: that there had been technical contraventions of the Companies Act.

John Blair, chairperson of the CSA audit committee, said even though Majola was a strong cricket man, he was not a CEO who understood the Companies Act very well and relied on board members and directors.

“There was no fiduciary responsibility (on Majola’s part) and he might have overstepped the mark by not declaring the bonuses, but he did not do so wilfully,” he said.

Blair said the IPL used its own money to finance the tournament, but there could have been stages were CSA shelled out money to the IPL in order to continue with the tournament, adding that the IPL should have been interrogated by the directors of the CSA board.

According to Blair, CSA made R30 million during the tournament.

“The IPL had to be further interrogated and the directors knew about the transactions, but they did not interrogate them.

Everything relating to the IPL should have been audited,” he added.

When questioned about the Khan Commission, Blair said there were no irregularities around the commission and it worked out be cheaper than an external enquiry, adding that Majola was reprimanded because he had acted wrongly.

“There was no fraud involved and there was nothing that could compromise South African cricket and its future. He (Majola) acted wrongly, but there is not much to cast him in a bad light.”  

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