AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 132.66 Increased By ▲ 3.13 (2.42%)
BOP 6.89 Increased By ▲ 0.21 (3.14%)
CNERGY 4.57 Decreased By ▼ -0.06 (-1.3%)
DCL 8.92 Decreased By ▼ -0.02 (-0.22%)
DFML 42.75 Increased By ▲ 1.06 (2.54%)
DGKC 84.00 Increased By ▲ 0.23 (0.27%)
FCCL 32.90 Increased By ▲ 0.13 (0.4%)
FFBL 77.06 Increased By ▲ 1.59 (2.11%)
FFL 12.20 Increased By ▲ 0.73 (6.36%)
HUBC 110.01 Decreased By ▼ -0.54 (-0.49%)
HUMNL 14.40 Decreased By ▼ -0.16 (-1.1%)
KEL 5.53 Increased By ▲ 0.14 (2.6%)
KOSM 8.32 Decreased By ▼ -0.08 (-0.95%)
MLCF 39.67 Decreased By ▼ -0.12 (-0.3%)
NBP 65.50 Increased By ▲ 5.21 (8.64%)
OGDC 198.74 Decreased By ▼ -0.92 (-0.46%)
PAEL 26.00 Decreased By ▼ -0.65 (-2.44%)
PIBTL 7.62 Decreased By ▼ -0.04 (-0.52%)
PPL 159.00 Increased By ▲ 1.08 (0.68%)
PRL 26.24 Decreased By ▼ -0.49 (-1.83%)
PTC 18.35 Decreased By ▼ -0.11 (-0.6%)
SEARL 82.24 Decreased By ▼ -0.20 (-0.24%)
TELE 8.12 Decreased By ▼ -0.19 (-2.29%)
TOMCL 34.40 Decreased By ▼ -0.11 (-0.32%)
TPLP 8.98 Decreased By ▼ -0.08 (-0.88%)
TREET 16.88 Decreased By ▼ -0.59 (-3.38%)
TRG 59.49 Decreased By ▼ -1.83 (-2.98%)
UNITY 27.52 Increased By ▲ 0.09 (0.33%)
WTL 1.40 Increased By ▲ 0.02 (1.45%)
BR100 10,614 Increased By 206.9 (1.99%)
BR30 31,874 Increased By 160.5 (0.51%)
KSE100 98,972 Increased By 1644 (1.69%)
KSE30 30,784 Increased By 591.7 (1.96%)
Sports Print 2019-12-13

Second major South African cricket sponsor seeks resignations

Cricket South Africa's embattled board suffered a new blow on Thursday when a second major sponsor said it would only continue its association with the game if leading officials resigned.
Published 13 Dec, 2019 12:00am

Cricket South Africa's embattled board suffered a new blow on Thursday when a second major sponsor said it would only continue its association with the game if leading officials resigned.

Insurance company Momentum said it had outlined terms to CSA for its continued backing of the sport. Momentum's move followed an announcement by Standard Bank last week that it would not renew its sponsorship when its contract expired at the end of the season, claiming controversies surrounding CSA were harming the bank's reputation.

Jeanette Marais, deputy chief executive of Momentum, said the company demanded the resignation of the board, alternatively the resignation of president Chris Nenzani and vice-president Beresford Williams, and an independent financial audit of CSA.

Marais said Momentum had also told CSA it wanted the appointment of a lead independent director "with relevant experience" and the appointment of an independent director with on-field cricket experience, as well as the resolving of issues between CSA and the SA Cricketers' Association.

Marais said Momentum insisted that CSA address its governance issues immediately and resolve them by April 30 next year.

Momentum are sponsors of South African one-day internationals and a one-day domestic competition as well as club, schools and age group cricket. The CSA board, which last week suspended chief executive Thabang Moroe, have refused to resign despite calls from the Cricketers' Association and several other cricket personalities. Three independent directors have resigned as well as one non-independent director.

Copyright Agence France-Presse, 2019

Comments

Comments are closed.