SA boxing faces cash KO

Posted: November 3rd, 2009 | By David Isaacson | Posted in boxing | Tagged as , , , , ,
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MILLION DOLLAR SMILE: Loyiso Mtya, acting CEO of the cash-strapped Boxing South Africa, poses with Ricky Hatton (left) and former junior-lightweight great Brian Mitchell (right)

MILLION DOLLAR SMILE: Loyiso Mtya, acting CEO of the cash-strapped Boxing South Africa, poses with Ricky Hatton (left) and former junior-lightweight great Brian Mitchell (right)

South African boxing, which is partly government-funded, is technically insolvent.

The auditor-general, in the latest annual report of Boxing South Africa (BSA), highlights that the organisation’s debts exceed their assets by nearly R6-million ($757,000 or 511,000 Euro).

Their operating loss for the year ended March 31 2009 was more than R4-million – about three times what it was for the previous 12-month period.

To read the full story click here.

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    At the height of his sporting prowess, David Isaacson could be seen every Saturday afternoon climbing the stairs to the upper gallery of Newlands. An all-round sportsman in his younger days - he was equally awful at cricket, soccer, athletics, swimming, table tennis, tennis, judo, cycling, hockey, basketball, volleyball and touch rugby - David quickly learnt that it was much easier (and far less painful) to be an armchair critic. As a journalist he has covered three Olympic Games, infuriated several sports administrators, reported on numerous other events and irritated Butana Komphela.
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