The effects of the alleged financial mismanagement by the Boxing South Africa (BSA) board, which was in charge between December 2020 and November 2023, are still being felt at the fistic regulator.
Ink Sport has been informed that a huge chunk of the almost R20 million grant, which came from the Department of Sport just sunk into a hole as BSA had a massive overdraft something that resulted in the regulator almost not paying its employees’ salaries in December.
It was as if it was the repeat of what happened in 2023 when the regulator had to go beg the Department of Sport for a bail out in order to pay staff salaries between December and March last year.
Ink Sport has been reliably informed that the issue of financial mismanagement came up during a meeting between the new BSA board and provincial managers last week.
Contacted for comment, BSA spokesperson Luthando ‘Trompies’ Zibeko denied that staff salaries were nearly not paid.
“The impact is felt, some of the effects are going to be felt for a period of time. But ever since the acting CEO (Tsholofelo Lejaka) came in September, he prioritised looking at the finances of the organisation. There’s no issue about the payment of salaries anymore,” Zibeko said.
Meanwhile, the BSA board headed by its chairperson Ayanda Zamantungwa Khumalo has its work cut out as it tries to take South African boxing out of the quagmire.
Khumalo works with Mthokozisi Radebe, Sydney James, Vince Blennies, Rina Subotzky Jude, Saudah Hamid Chetty and Siyakha Simelane in the BSA board.
