South African Sports Minister confirms financial guarantees received

first_imgConcerns had been raised over the financing of the Games  after KwaZulu-Natal Finance MEC Belinda Scott admitted in March that the province would not be able to contribute ZAR580 million (£26 million/$38 million/€34 million) as initially promised, to help stage the event.The matter was brought to the attention of the National Treasury to make them aware that they would need to help provide the funding.It was claimed last week that the National Treasury had not offered final assurances or paid the first host city payment Commonwealth Games Federation (CGF), with Durban 2022 chairman Mark Alexander admitting he had “no idea when the guarantees will be signed and the money paid”.The CGF sought to downplay concerns by stating that they had been reassured that the first payment would be received after governance and structures were finalised.The South African Sports Confederation and Olympic Committee (SASCOC) had also missed a deadline set by the Commonwealth Games Federation to establish an Organising Committee.They had been given a cut-off point for the appointment of an Organising Committee of February 29 following a recommendation from the CGF that it be in place within 180 days of the General Assembly.Mbalula has now confirmed that the Finance Minister Pravin Gordhan has provided the guarantees and reiterated that the South African Government remained committed to delivering the first Commonwealth Games on African soil.last_img

No Comments »

No comments yet.

RSS feed for comments on this post. TrackBack URL

Leave a comment