Cricket South Africa (CSA) held its Annual General Meeting (AGM) on Saturday 7 September 2024 in Sandton, where the national cricket governing body proudly reported a strong financial performance for the fiscal year spanning 01 May 2023 – 30 April 2024.
During the election process of Non-Independent Directors the president of SWD Cricket, Mr Micheal Eksteen, was elected to serve as a Director on the CSA Board of Directors. After his election Eksteen expressed his pride and gratitude to be elected from the SWD cricket structures to serve CSA on the highest level. “This is a position which I will strive to serve with dignity within the best of my abilities and to be an ambassador for what SWD Cricket stands for”, he concluded.
At the meeting CSA announced an impressive 170% increase in revenue of R1.9 billion and a notable profit of R815 million, marking a significant financial turnaround over the last 12 months. The organisation also reported a positive net cash flow of R793 million. This performance was largely derived from broadcast rights which contributed 54% of total revenue.
The second edition of CSA’s successful Betway SA20 league saw a double-digit growth in profitability with CSA’s share of profit being around R54 million. Additionally, CSA’s strong financial standing was boosted by the successful hosting of the ICC Men’s U19 World Cup 2024 and the expansion of its commercial portfolio, which saw the renewal of existing commercial agreements and the attraction of new brands into the fold.
The following Office Bearers and Board positions were voted for:
CSA President
- Mr. Rihan Richards (re-elected)
CSA Vice President
- Dr. Mohammed Moosajee
Non-independent Directors
- Mr. Yunus Bobat – KZN Coastal Cricket Union
- Mr. Michael Eksteen – South-West Districts Cricket
Independent Directors
- Mr. Vuyani Jarana
- Mr. Mark Rayner (re-elected)
- Ms. Muditambi Ravele (re-elected)
