Presentations begin at cricket inquiry

2011-11-23 07:39

The first oral presentation to the Sports Ministry’s committee of inquiry into the financial affairs of Cricket SA (CSA) will take place in Pretoria today.

The presentation, to be made by accounting firm KPMG, will take place at Regent Place at 9am.

The committee, chaired by Judge Chris Nicholson, was announced by Sports Minister Fikile Mbalula on November 4 after a KPMG report recommended that CSA’s remuneration and travel allowance policy be reviewed after it found a reported non-disclosure of bonus payments to CSA employees.

KMPG found the bonuses were kept secret from Cricket SA’s remuneration committee, with CSA chief executive Gerald Majola breaching the Companies Act on at least four occasions and paying himself R1.8 million from the R4.7 million in bonuses.

The committee included two senior government officials from the National Treasury – accountant general Freeman Nomvalo and chief director Zoliswa Zwakala.

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