DATE: 08 October 2013
Venue: Parliament, Cape town
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
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 – ProfessionalismL - LeadershipA - AccountabilityD - Diversity
Report on the annual financial statements Unqualified audit opinion has been obtained with emphasis of matter
paragraphsBasis for emphasis of matters1. ContingenciesBranco 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)
Report on other legal and regulatory requirementsPredetermined 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
REVENUE 2012/201
3
Sanctioning Fees - (R 1 575
780)
SRSA grant
(R 5 052 000)
License Fees –
(R 473 450)
BOXING TECHNICAL CO-ORDINATOR NOMSA MDHLULI ACCOUNTS
ADMINSTRATORVERQUELENE JACOBS
IT & STATISTICS OFFICERSKHUMBUZO MOTHA
RECEPTIONISTLILLIAN DE WEE
GENERAL ADMINISTRATIVE
ASSISTANTMAJORIE THEBE
TOURNAMENTS & OFFICE ASSISTANTABRAM KAMBULE
PROVINCIAL MANAGERS
DIRECTOR OF OPERATIONSLOYISO MTYA
DIRECTOR: COMMUNICATIONS & MARKETING
(VACANT)
CFO(VACANT)
DEPUTY MINISTER OF SPORT AN RECREATION HON. GERT OOSTHUIZEN
BOXING SA ORGANISATIONAL STRUCTURE
CEOMOFFAT QITHI
BSA BOARD
MINISTER OF SPORT AND RECREATION SAHON. MR. FIKILE MBALULA
HR MANAGER(VACANT)FINANCIAL MANAGER
TUMELO KEKANA
ACCOUNTS CLERK(VACANT)
PA to CEO
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.
THE END.
THANK YOU!