Sascoc: Our finances are healthy

SPORT

This was declared yesterday by Sascoc president Barry Hendricks at the organisation’s first general meeting of the year.

Sascoc is due to unveil a R66 million sponsorship from a partner that has been kept under wraps since the four-year deal was signed sometime last year.

Hendricks said: 

The deal, which is rated among Sascoc’s four top-tier sponsors, will be channelled towards supporting athletes through Sascoc’s Operation Excellence programme.

He added: “Our finances are good because we have managed to get a sponsor so that we can work with about R240 million over four years to service the [national sports federations] as well as the athletes.”

The high-performance unit has already started identifying athletes who qualify for support.

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Sascoc CEO Nozipho Jafta added: “Our financial position has improved. We received an unqualified audit opinion for 2021/22. We’ll never go back to where we were three years ago. We are creating a positive outlook for the Sascoc brand for the public and the business alike. Businesses are now beginning to engage with us for possible partnership with Team SA.”

Although Hendricks did not name the athlete, he urged national sports federations to “police what’s going on in your own federations” during his address to the body’s members yesterday. Shange was in the mix for the 2020 Tokyo Olympics, but he was left out due a four-year doping ban.