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PORTFOLIO COMMITTEE MEETING

PORTFOLIO COMMITTEE MEETING. DATE: 08 October 2013 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: 08 October 2013 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 sporting code in South Africa and a world class boxing authority; Mission Our mission at Boxing SA is to effectively and efficiently administer and regulate professional boxing . Values P – Professionalism L - Leadership A - Accountability D - Diversity

  4. Report of the Auditor-General: 2012 / 2013 year Report on the annual financial statements • Unqualified audit opinion has been obtained with emphasis of matter paragraphs Basis for emphasis of matters 1. Contingencies Branco Milenkovic versus Boxing SA • Dispute relates to the signing of MOU with SABC (The matter is still pending in Court) • The entity appeals a case between Branco and Vusi Malinga versus Boxing SA on the signing of long term contract. (This matter has been concluded) • Management is unable to estimate the probable revenue in the likely event of the claim being valid on the pending case. Legal action against Boxing SA on unpaid rental – AFCOC • Lease agreement signed between boxing SA and AFCOC – (This case is pending, consultations between the two legal teams is on going). 2. Irregular expenditure • An amount of R 101, 7k was incurred due to non compliance with supply chain regulations (Boxing SA will start a process of reviewing its strategic plan to deal with this matter and all other challenges of this nature)

  5. Report of the Auditor – General : 2012 / 2013 year Report on other legal and regulatory requirements Predetermined objectives • A disclaimer opinion was obtained on performance information as no annual performance report was presented to the Auditor-General for audit purposes. • Limited procedures were performed on the strategic planning and performance management documents • Measurability and relevance of information • Adequate and reliable corroborating evidence could not be provided and no alternative procedures could be performed • Reliability of information • No reliance could be placed on the validity and reliability of reported information

  6. BSA EXPENDITURE ANALYSIS

  7. SRSA grant (R 5 052 000) REVENUE 2012/2013 License Fees – (R 473 450) Sanctioning Fees - (R 1 575 780)

  8. 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 CFO (VACANT) DIRECTOR OF OPERATIONS LOYISO MTYA 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)

  9. BSA main goals – MTEF period • Generation of additional revenue - sponsorships • Appointment of permanent CFO • Establishment of functional audit committee to improve the governance oversight within BSA. • Extension of internal audit services by SRSA to BSA, which greatly assisted with the improvement of the internal control environment. • Addressing sustainable revenue streams through Broadcasting income, application of regulations and ensure compliance • Mapping the future of boxing sport in South Africa, through convening the National Boxing Indaba to look at an overall strategy of turning the sport around. • Filling in significant vacant posts • Clean audit reports - Action plan 2012/2013 has been created to address all findings in the AGSA management report 2011/2012. Monthly progress reports are submitted to the CEO to ensure implementation and improvement thereto.

  10. THE END. THANK YOU!

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