PRESENTATION TO PARLIAMENTARY PORTFOLIO COMMITTEE ON SPORT AND RECREATION - PowerPoint PPT Presentation

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PRESENTATION TO PARLIAMENTARY PORTFOLIO COMMITTEE ON SPORT AND RECREATION

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PRESENTATION TO PARLIAMENTARY PORTFOLIO COMMITTEE ON SPORT AND RECREATION 15 NOVEMBER 2005 CAPE TOWN FORMAT OF PRESENTATION New Board, Vision and mission Problems and ... – PowerPoint PPT presentation

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Title: PRESENTATION TO PARLIAMENTARY PORTFOLIO COMMITTEE ON SPORT AND RECREATION


1
  • PRESENTATION TO PARLIAMENTARY PORTFOLIO COMMITTEE
    ON SPORT AND RECREATION
  • 15 NOVEMBER 2005
  • CAPE TOWN

2
FORMAT OF PRESENTATION
  • New Board, Vision and mission
  • Problems and challenges
  • Action taken
  • Plans for the future

3
NEW BOARD
  • Adv Dali Mpofu
  • Ms Stompie Xulu
  • Dr Peter Ngatane
  • Mr Sakhiwe Sodo
  • Ms Violet Magwaca
  • Mr Alan Norman

4
VISION AND MISSION
  • To create a regulatory framework aimed at
    enhancing the capacity of all stakeholders to
    increase the general quality, financial
    viability, economic sustainability, entertainment
    value and popularity of boxing in South Africa as
    well as enhancing its local and international
    status

5
ADMINISTRATIVE ISSUES
  • Compliance with Boxing Act
  • Formalising structure of organisation
  • Appointment of CEO
  • Interviews held and appointment imminent
  • Approved by Minister in July 2005
  • New structure proposed to include Provincial Reps
  • Current staff on contract until 31 January 2006
  • Process underway to formalise appointments

6
FINANCIAL RESOURCES
  • REVENUE STREAMS
  • Private sector R3,3m
  • Licence fees R0,5m
  • Sanctioning fees R1,2m
  • Govt grant R1,4m
  • National Lotteries Board R0,75m
  • STEPS TAKEN
  • Source new sponsors
  • Increase participants
  • Review tariffs
  • Appeal for more funds
  • Rightsize funding request

7
WELFARE ISSUES
  • Accident cover insurance for all
  • Death and disability covers for boxers
  • Public liability cover
  • Assets insurance
  • Boxing Foundation
  • Operation Outreach
  • Done
  • Done
  • Done
  • In progress
  • In progress

8
TRAINING AND DEVELOPMENT
  • Courses at High Performance Centre
  • University of Pretoria
  • 20 Promoters
  • 38 Ring Officials
  • 20 Boxers
  • 10 Administrators
  • Board and staff members
  • Informal training workshops
  • Done
  • Done
  • Done
  • Done
  • Done
  • 4 Done
  • 2 more before year end

9
REL WITH INT BOXING ORGANISATIONS AND SANABO
  • International Boxing Organisations
  • SANABO
  • Discussions held with WBC, WBA and IBO
  • Agreements to cover ratings, training and KO drug
    programmes in progress
  • Draft agreement to ensure seamless delivery
  • Finalisation set for January 2006 at BSA Awards

10
OWNERSHIP ISSUES
  • Boxing Awards
  • Museum
  • Broadcast rights
  • BSA retaken ownership
  • Discussions with Distell re NASREC museum
  • Committee established to explore relationship
    between broadcasters, promoters and BSA

11
ACHIEVEMENTS OVER 3 YEARS
  • Ensure BSA members meet stipulations of Act
  • Letters of Appointment
  • Studying the Act
  • Acting upon objectives of Act
  • Take charge of Boxing
  • Cut umbilical cord from SRSA
  • Provide framework to stakeholders to determine
    relationship
  • Determining Headquarters
  • Facilitate formation of formal Associations
  • Done
  • Done
  • Done
  • Done
  • Done
  • Done
  • Done
  • Done
  • In Progress

12
ACHIEVEMENTS OVER 3 YEARS
  • Giving effect to its powers provided for in the
    Act
  • Ensuring stability in the interim period
  • Establish committees (ratings, sanctioning, etc)
  • Take account of funding
  • Staffing of BSA
  • Funds appropriated by parliament
  • Immediate attention to Regulations
  • Presentation to portfolio committee
  • Formal Launch
  • Done
  • Done
  • Done
  • Done
  • In Progress
  • Done
  • Done
  • Done
  • Done

13
2005 ANNUAL REPORT
  • CHAIRMANS REPORT
  • GENERAL MANAGERS REPORT
  • ANNUAL FINANCIAL STATEMENTS FOR 2004/5

14
CHAIRMANS REPORT
  • Consolidated and unitary administration
  • Insurance cover for licencees and spectators
  • Relationship between boxing and television
  • Transformation from stability to quality
  • Accountability
  • Boxing SA Foundation
  • Hand-over issues

15
GENERAL MANAGERS REPORT
  • Systems and procedures for sound admin
  • Insurance for boxers injured in ring
  • Getting an appreciation of the relationship
    between boxing and television
  • Implementation of Boxing Convention resolutions
  • Tournaments
  • Training
  • Looking ahead

16
2005 FINANCIAL STATEMENTS
  • Qualified Report for 2004 due to incomplete
    correlation between funds received and issuing of
    2004 licences
  • Licencing application process was conducted by
    the BSA Provincial Representatives
  • Due to financial constraints concessions were
    made for fees to be deducted from boxers purses
  • Concessions also made for ring officials to pay
    in instalments
  • Led to administrative problems and subsequent
    qualification

17
UNAUDITED FINANCIAL STATEMENTS
  • Submitted timeously on 31 May 2005 to Auditor
    General and SRSA
  • Statements withdrawn by Board due to concern that
    they may be disclaimed
  • Minister notified and indulgence sought
  • Financial Statements rectified and resubmitted on
    27 September 2005
  • Second audit completed by AG on 31 October 2005

18
AUDIT CONTROLS IN PLACE
  • Audit committee appointed
  • Scheduled to meet quarterly
  • Members
  • Mr Duncan Ntuli
  • Mr Alan Norman
  • Adv Dali Mpofu
  • Mr Monde Tabata

19
SEGREGATION OF DUTIES
  • Payments
  • Payments prepared by Administrator
  • Processed and recorded by Chief Financial Officer
  • Authorised and released on electronic banking
    system by the General Manager
  • 2. Reconciliations are reviewed and signed off
    by the General Manager

20
PAYROLL CONTROLS IN PLACE
  • All earnings and deductions processed on VIP
    payroll system, and reviewed by General Manager
  • PAYE and other deductions calculated by VIP
  • Statutory deductions and returns submitted and
    paid promptly

21
PROGRESS MADE ON IMPLEMENTATION
  • Licence fees procedures applied and receipts
    reconciled to general ledger
  • Separate bank account opened for licence fees
  • Audited fixed asset register now maintained.
  • Budget prepared and quarterly comparisons with
    actuals and reporting to the Board.
  • Internal audits performed on all tournaments to
    ensure financial compliance and integrity of the
    system

22
EFFECTIVE ADMINISTRATION
  • Policies, procedures and controls in place
  • Full staff complement expected early in 2006
  • Due compliance with time limits, procedures and
    reporting requirements

23
BABY CHAMPS PROGRAMME
  • Boxers with fewer than 4 bouts
  • 10 tournaments throughout country
  • 168 participants in 7 divisions
  • Finals on day of Boxing Awards in 2006
  • Undercard also includes female bouts in
    conjunction with SANABO
  • Incentive for development promoters
  • Potential international exposure for winners and
    camps
  • Plant to increase divisions and incentives

24
PLANS FOR FUTURE
  • Regulate relationship between BSA, Broadcasters
    and promoters
  • Sign agreements with international boxing
    organisations
  • Segmented approach to training and development
  • Specialised training for different categories
  • Improve quality of tournaments
  • Enhance popularity of boxing

25
BOXING SOUTH AFRICA
  • Thank you for the opportunity and the extension
    of time given to the Board.
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