The Infinite Loop Of Financial Mismanagement At Csa

[hattrick]

Yes, you read right. It seems there is another financial mismanagement issue at Cricket South Africa. There is an independent audit being done at the moment on the Indian Premier League bonus payment scandal and then the news broke of a second issue.

Cricket South Africa's (CSA's) chief financial officer, Nassei Appiah, is bracing for a showdown with remunerations committee (Remco) head, Thandeka Mgoduso, at a specially convened meeting next week to discuss fresh bonus allegations.

Bonuses totalling R1.9-million were paid to chief executive Gerald Majola, brand and communications manager Kass Naidoo and Appiah, apparently without the approval of the board.

Appiah was quoted in a CSA statement saying that "the bonuses … were approved by the chairperson of Remco". But Mgoduso refused to confirm this, raising suspicions that the payments did not go through the board.

"Nassei will be asked to verify the facts. He said the meeting had been recorded and we will have to listen to the tapes," a CSA insider told the Mail & Guardian. "The board will also ask Thandeka to clarify what happened as well. If she says due process was followed, we will be happy."

The latest bonus allegations come as the CSA is undergoing a forensic audit to investigate whether there was any impropriety in the allocation of previous bonuses of R4.7-million paid to 40 staff members after the hosting of the 2009 Indian Premier League (IPL) and Champions Trophy.

I am a firm believer in accountability and following of process. It seems that this is an issue with CSA that has to be resolved as a matter of urgency. I am tired of this being in the press , we have a new coach and management and need to focus on cricketing matters and not a constant financial issue.