PRESENTATION TO PARLIAMENTARY PORTFOLIO COMMITTEE ON SPORT AND RECREATION

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• PRESENTATION TO PARLIAMENTARY PORTFOLIO COMMITTEE
  ON SPORT AND RECREATION
• 15 MARCH 2006
• CAPE TOWN

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OBJECTIVES OF BOARD

• Create an organised and regulated operating
  environment for all stakeholders
• Improve the overall quality of tournaments
• Design appropriate structural arrangement to
  create interactive relationship with licencees
• Enhance popularity and support for boxing
• Develop high performance boxers and ring
  officials for both the local and international
  stage
• Create an enabling environment for the welfare of
  licencees
• Provide a seamless transition from amateur to
  professional ranks

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RESTRUCTURING OF BSA
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RESOLUTIONS

• Investigate relationship between TV networks,
  promoters and BSA to enhance the objectives of
  BSA and all stakeholders
• Give effect to an efficient and equitable
  transfer system of boxers
• Revise contractual terms and conditions on an
  ongoing basis
• Increase minimum purses of boxers
• Raise standards of ring officials on an ongoing
  basis
• Persuade ICASA to recognise boxing as local
  content
• Review ratings and sanctioning guidelines
• Establish relationships with Provincial Sports
  Departments
• Strengthen Baby Champs League and boxing
  development
• Rotate ring officials

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QUALITY MANAGEMENT

• Tournaments
• Promoters
• Training
• Promoters to comply with regulations primarily
  safety
• Rights fees from networks linked to
  incentivisation plan to produce quality
  tournaments
• Best ring officials to be used on live TV
  tournaments

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SPONSORSHIP

• Vodacom no longer sponsoring BSA
• Board requested review meeting with Vodacom
• Search for new sponsor
• Sufficient funds until 31 December 2006
• Priority to redress historical imbalance in
  corporate support
• Critical to obtain anchor sponsor to enhance the
  sport

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BABY CHAMPS LEAGUE

• Huge success in terms of support, participation
  and spectator attraction
• Many talented boxers unearthed and given an
  opportunity to impress
• Also provided platform for female boxers
• Intention to extend league to include all 17
  divisions
• Opportunity to attract financial supporter

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TRAINING OF LICENCEES

• Formal training of 30 top rated professional and
  15 amateur boxers and managers at High
  Performance Centre
• Focus on technical ability
• 10 workshops for licencees in Provinces
• Focus on diet control, ring mechanics, contracts
  and tax issues

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2005 ANNUAL REPORT

• QUALIFIED ANNUAL REPORT
• Completeness of licence fees
• Necessary controls implemented
• Training for BSA Provincial Reps
• Non compliance with laws and regulations
• No audit committee in place done
• No materiality framework in place done
• CEO not appointed in progress
• Certain taxes and levies outstanding
  clarified with
• SARS

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INTERNAL CONTROLS ADDRESSED

• Tournament documents reviewed by internal
  auditors
• Bank recons performed and reviewed monthly
• Debtors and Creditors reconciliations performed
  and reviewed monthly.
• Authorisation procedures implemented for
  creditors payments, tournament payments and
  payroll
• Segregation of duties procedures strictly
  followed
• Audit committee and internal audit established
• Materiality levels will be finalised at the next
  audit committee meeting.

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INTERNATIONAL BODIES

• Have relations with IBO providing us with access
  to international fights
• In discussions with WBA and WBC to conclude
  agreements
• Approached Commonwealth Boxing Council to rate SA
  boxers in the UK

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ISSUES RAISED DURING PREVIOUS PRESENTATION

• Time of live broadcast unacceptable
• Relationship with SANABO to be enhanced
• Procedure for allocation of TV dates
• Empowerment credentials of promoters
• Introduction of Womens boxing
• Poor officiating at tournaments
• Lack of boxing activity in certain Provinces

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ASSISTANCE TO NEIGHBOURING STATES

• Providing boxers to Namibia
• Formal request from Botswana Boxing Council to
  help set up appropriate structure
• Formal request from Lesotho Boxing Commission to
  help set up structure
• Providing ring officials to Namibia and Botswana

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NEW BOARD ACHIEVEMENTS

• Boxing Foundation registered
• Outright Belt introduced for new Champions
• Discussion with Minister to finalise structure
• Discussions with SABC Sport to improve the
  quality of Tournaments
• Revised development program to focus on boxers
• Successful Baby Champs League staged
• The 2006 Annual Awards and Convention

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• Thank you for the opportunity and support