DATE: 08 October 2013

Venue: Parliament, Cape town

Mandate as per Boxing Act 11 of 2001:

To provide for a new structure for professional boxing in the Republic;

to ensure the effective and efficient administration of professional boxing in the Republic;

to recognise amateur boxing; to create synergy between professional and amateur

boxing; to establish a Boxing Commission known as Boxing SA; to promote interaction between associations of boxers,

managers, promoters, trainers and officials and Boxing SA; and to provide for matters connected therewith

Vision

To be a leading sporting code in South Africa and a world class boxing authority;

Mission

Our mission at Boxing SA is to effectively and efficiently administer and regulate professional boxing .

Values

P – ProfessionalismL - LeadershipA - AccountabilityD - Diversity

Report on the annual financial statements Unqualified audit opinion has been obtained with emphasis of matter

paragraphsBasis for emphasis of matters1. ContingenciesBranco Milenkovic versus Boxing SA Dispute relates to the signing of MOU with SABC (The matter is still pending in Court) The entity appeals a case between Branco and Vusi Malinga versus Boxing SA on the signing of

long term contract. (This matter has been concluded) Management is unable to estimate the probable revenue in the likely event of the claim being

valid on the pending case. Legal action against Boxing SA on unpaid rental – AFCOC Lease agreement signed between boxing SA and AFCOC – (This case is pending,

consultations between the two legal teams is on going).2. Irregular expenditure An amount of R 101, 7k was incurred due to non compliance with supply chain regulations

(Boxing SA will start a process of reviewing its strategic plan to deal with this matter and all other challenges of this nature)

Report on other legal and regulatory requirementsPredetermined objectives A disclaimer opinion was obtained on performance information as no

annual performance report was presented to the Auditor-General for audit purposes.

Limited procedures were performed on the strategic planning and performance management documents

Measurability and relevance of information Adequate and reliable corroborating evidence could not be provided and no

alternative procedures could be performed Reliability of information

No reliance could be placed on the validity and reliability of reported information

REVENUE 2012/201

3

Sanctioning Fees - (R 1 575

780)

SRSA grant

(R 5 052 000)

License Fees –

(R 473 450)

BOXING TECHNICAL CO-ORDINATOR NOMSA MDHLULI ACCOUNTS

ADMINSTRATORVERQUELENE JACOBS

IT & STATISTICS OFFICERSKHUMBUZO MOTHA

RECEPTIONISTLILLIAN DE WEE

GENERAL ADMINISTRATIVE

ASSISTANTMAJORIE THEBE

TOURNAMENTS & OFFICE ASSISTANTABRAM KAMBULE

PROVINCIAL MANAGERS

DIRECTOR OF OPERATIONSLOYISO MTYA

DIRECTOR: COMMUNICATIONS & MARKETING

(VACANT)

CFO(VACANT)

DEPUTY MINISTER OF SPORT AN RECREATION HON. GERT OOSTHUIZEN

BOXING SA ORGANISATIONAL STRUCTURE

CEOMOFFAT QITHI

BSA BOARD

MINISTER OF SPORT AND RECREATION SAHON. MR. FIKILE MBALULA

HR MANAGER(VACANT)FINANCIAL MANAGER

TUMELO KEKANA

ACCOUNTS CLERK(VACANT)

PA to CEO

Generation of additional revenue - sponsorships Appointment of permanent CFO Establishment of functional audit committee to improve the

governance oversight within BSA. Extension of internal audit services by SRSA to BSA, which

greatly assisted with the improvement of the internal control environment.

Addressing sustainable revenue streams through Broadcasting income, application of regulations and ensure compliance

Mapping the future of boxing sport in South Africa, through convening the National Boxing Indaba to look at an overall strategy of turning the sport around.

Filling in significant vacant posts Clean audit reports - Action plan 2012/2013 has been created

to address all findings in the AGSA management report 2011/2012. Monthly progress reports are submitted to the CEO to ensure implementation and improvement thereto.

THE END.

THANK YOU!