South Africa: CSA Loses Another Major Sponsor

analysis

Cricket South Africa suffered another blow on Tuesday when One-Day International sponsor Momentum walked away from that aspect of the sport.

More than nine months after financial services giant Momentum issued Cricket South Africa (CSA) with an ultimatum to sort out its governance issues, the company finally said it was walking away.

In a statement released on Tuesday, the company said it would not seek to renew its backing of the Protea men's One-Day International (ODI) team, the franchise one-day competition, the national club championships, schools' weeks at under-13, under-15 and under-17 level, and developmental projects when the contract expires at the end of April 2021. Daily Maverick understands the package to be worth R20-million annually.

CSA is on the brink of going into administration under umbrella sporting body the South African Sports Confederation and Olympic Committee (Sascoc). It has also been unable to hold its annual general meeting (AGM) as scheduled on 5 September because of the fallout of an independent forensic audit into the state of the organisation. The details of the forensic audit have not been made public.

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CSA has already lost Standard Bank's R80-million a year sponsorship, which came in the wake of former...

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