Cricket http://www.senore.com/Cricket/South-Africa-c757 finances under scrutiny – Staff Bonuses defended
Cricket South Africa (CSA) has come up hard against the national media, turning down all allegations of illegal bonuses allocations and defending the board’s financial position.
The African media has been critical of CSA and blamed it for diverting the cricket development fund to bonuses for staff.
As a part of its recent move to uplift cricket in the region, the CSA granted some additional bonuses to its employees in order to enhance their working capacity. Despite the board’s frequent claims that the bonuses are just incentives, the media is not
ready to stop blame game.
CSA’s Chief Financial Officer (CFO), Naasei Appiah, said, “The correct facts are as follows. A meeting of Remco (the Human Resources and Remunerations Committee) was held on April 15, 2011, and the following items were discussed, General Salary increases,
Salary adjustments, Annual bonus payments”.
He further elaborated, “It was also agreed that bonuses should be performance driven. The chairperson of Remco, Thandeka Mgoduso, agreed with the decisions taken with the exception of one salary adjustment which was originally set at 10 percent but, after
discussion with the CEO, was reduced to eight percent".
CSA is currently working on a number of developmental plans that include providing technical and logistical assistant to all regional boards, recruiting talented youngsters in the domestic teams and motivating the board personnel to strive devotedly for
the success of the entire process.
The board also plans to raise staff salaries further so that they may perform well for the betterment of the game.
The current controversy is second in a row after an intense tussle between the board’s Chief Executive, http://www.senore.com/Cricket/India-c750 (BCCI) as a hosting
fee for Indian Premier League in 2009.
Following the http://www.senore.com/Cricket/Mumbai-c820 attacks in 2008, the second edition of the league was held in South Africa for security concerns.
Some analysts argue that CSA will have to settle financial disputes before it can improve the sport in South Africa.
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