Boxing South Africa Annual Report 2005
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Boxing South Africa ANNUAL REPORT Round 1 0 1 min 2 min 3 min 2005 Boxing South Africa Boxing South Africa Vision To offer the sport of professional boxing as a sport of choice for those, in the entertainment business, who are captivated more by dexterity, science an skill. Mission To ensure that fairness and goodwill of boxers is central in all efforts that are aimed at the development, transformation and professionalism of the industry in a safe and healthy environment by mobilising the resources of role players like Promoters, Trainers and Managers, Sponsors, the Public and Government in a co-ordinated manner. Boxing South Africa INDEX ROUND 1: Members of the Board 2 ROUND 2: Chairman’s Report 3 ROUND 3: Report from the General Manager 6 Introduction 6 Implementation of resolutions taken at Boxing Convention 2004 6 Ring Officials Association 7 The Promoters Association 8 Tournaments 8 Boxing Tournaments 8 Boxing Awards and Convention 9 Training 10 SA and World Champions 11 Looking Ahead 12 ROUND 4: Financial Statements 13 to 29 Annual Report 2005 Boxing South Africa Board Members Mr Mthobi Tyamzashe Chairman Mr Sipho Pityana Mr Archie Jonas Mr Siphatho Handi Dr Peter Ngatane Ms Violet Magwaca 2 Annual Report 2005 CHAIRMAN’S REPORT organization to maintain 10 bank accounts (9 Provincial 1April 2004 to 31 March 2005 bank accounts and one Head office account). The operation of so many bank accounts was a primary reason for the Auditor General qualifying the financial statements as many of the transactions that were concluded by Provincial Commissions could not be supported by documentation. Boxing SA now has a single consolidated administration Mr Mthobi Tyamzashe which constitutes a major platform to stabilize the Chairman organization. This is my last report as the term of office of the current Insurance cover for licencees and spectators Board members of Boxing SA comes to an end on 23 May 2005. I intend focusing on the key achievements As of 1 April 2005 Boxing SA had insured all licencees of the Board and the changes that were introduced. against accident cover which included death benefits, funeral expenses, temporary and permanent loss of In April 2004 Boxing South Africa set itself the following income and emergency medical expenses. The insurance three procedural challenges: was put in place at no cost to licencees. • Consolidate its administration and put in place systems and procedures for sound financial Since October 2005 Boxing SA had secured public administration and control liability insurance to cover any person who may be • Secure insurance benefits, like for all licencees and injured at a boxing tournament. Such cover is a first especially for boxers who are injured in the ring for boxing and I believe it would give boxing fans more during sanctioned tournament peace of mind when they attend tournaments. • Get an appreciation of the relationship between December 2004 saw the introduction of financial boxing and television compensation for boxers who were injured in a boxing tournament or during sparring in a gym. Once again, another first for South African boxing. Consolidated and unitary administration On its appointment, the Minister presented the Board with 19 immediate challenges. The overwhelming Relationship between boxing and television challenge was to regularize the relationship between Boxing SA and the nine Provincial Boxing Commissions. Boxing SA met with both broadcasters, SABC Sport By June 2004 all 19 challenges had been met. and Supersport, with a view to understanding and possibly streamlining the relationship between boxing The closure of the Provincial Commissions in April, as and television. part of the consolidation of the administration, was the Both broadcasters have come up with suggestions as first step towards sound financial administration and to the role they could play in improving the quality of control. It was becoming increasingly difficult for the tournaments. This challenge will be pursued. 3 Boxing South Africa From stability to quality • Minimum purse for boxers • Reduction of licence fees In the previous year Boxing SA commenced a qualitative phase which heralded the following notable changes:- I am happy to report that a minimum purse of R1000 for a four round bout has been set as the minimum • The granting of national colours to boxers for the payment to a boxer. Hopefully, this threshold will be first time raised over time. • The grading of ring officials, boxers and promoters • Electronic payment of purses Accident cover insurance has been put in place for all • Establishment of a Boxing Academy licencees, and ring officials are now paid for their services. The Board also included a most promising In furtherance of the qualitative phase and in addition ring official category in the 2004 Boxing Awards. The to the 3 main challenges referred to above, Boxing SA ring officials are expected to have their official gear by embarked on the following projects during the year May 2005. under review: 1. Redefining the Benevolent Fund Boxing SA Foundation 2. Payment of Ring Officials for services The Benevolent Fund has been returned to its original 3. Identification cards for licencees purpose – to benefit active boxers. Over the years the 4. Grading Ring Officials Commission, on good cause shown, extended acts of 5. Tax dispensation for boxers with SA Revenue Service benevolence to licencees and boxing veterans in 6. Introduction of Inspectors distress. The redefinition of the Benevolent Fund led 7. Introduction of Fighter Magazine to a void. The Board then decided to establish a Foundation to raise funds to provide relief to causes which fell outside the ambit of the business of Accountability professional boxing. The Boxing Convention has been established as an Distribution mechanisms and replenishment of allocated annual report back and exchange forum between the funds, were to be formalised in due course. administration and licencees. BSA’s newsletter, the Fighter, will be published four Hand-over issues times a year and distributed to all licencees together with a copy of Boxing World magazine at no cost to Without intending to impose on the incoming Board, I licencees. believe the following issues warrant consideration going forward: At the Boxing Convention in January 2004, the licencees requested Boxing SA, inter alia, to investigate and • Concluding co-operation agreements with implement the following decisions: international boxing organizations • Examining the relationship between boxing and • Official Gear for ring officials television • Payment of ring officials for services rendered • Structuring a training course for ring announcers and • Ring officials to be considered for BSA Award managers • Insurance cover for ring officials when travelling to • Developing a safety medical code tournaments • Formulating a relationship with the Amateur body. 4 Annual Report 2005 Board members and staff My huge gratitude goes to my colleagues in the Commission for their contribution to the organization. Dr Peter Ngatane, Ms Violet Magwaca and Messrs Archie Jonas, Siphatho Handi and Sipho Pityana, thank you very much. My thanks also go to Krish Naidoo, Stan Christodoulou and the staff for running the administration and the BSA Representatives for their role in the Provinces. Indeed it has been three eventful years as the Board of Boxing South Africa. Mthobi Tyamzashe Chairman Boxing South Africa 5 Annual Report 2005 GENERAL MANAGER’S REPORT accident cover which included death benefits, funeral 1APRIL 2004 TO 31 MARCH 2005 expenses, temporary and permanent loss of income and emergency medical expenses. The insurance was put in place at no cost to licencees. Since December 2004 boxers were insured for death or injury sustained in a sanctioned bout or during training in a gym. National and world champions were insured for R50 000 and all other boxers for R20 000. This was the first time that South African ha been insured for Mr Krish Naidoo death or injury in the ring. General Manager Boxing SA also succeeded in securing public liability insurance cover for spectators at boxing tournaments. Introduction • Get an appreciation of the relationship between The year under review focused substantially on the boxing and television qualitative growth of professional boxing and implementation of the resolutions adopted at the Boxing Boxing SA met with SABC Sport and Supersport with Convention which was held on 31 January and 1 a view to understanding the relationship between February 2004. boxing and television. Some of the key issues discussed at these meetings included- Boxing SA also focused on the three challenges which were set in the previous year:- • the allocation of live television dates to promoters • the time of transmission (in the case of SABC Sport) • Consolidate its administration and put in place • rights fees that are paid to promoters systems and procedures for sound financial • role and contribution of both television channels to administration and control the development of boxing The closure of the Provincial Commissions in April 2004 These discussions are on-going and hopefully these as part of the consolidation of administration was the issues will be resolved and implemented in the ensuing first steps towards sound financial administration and year. control. It was becoming extremely difficult for the organization to maintain 10 bank accounts (9 Provincial bank accounts and the head office account). The Implementation of resolutions taken at Boxing operation of so many bank accounts was a primary Convention 2004 reason for the Auditor general qualifying the financial audit of the organization as many of the transactions Minimum pay for boxers conducted by provincial Commissions could not be An amount of R1 000 was agreed as a minimum purse supported by documentation. for boxers who participate in a four round bout. In the past boxers were paid as low as R200 for a four rounder. • Secure insurance for boxers who are injured It is hoped that the minimum purse would be increased in the ring during a sanctioned tournament progressively over time.