CSA holds successful AGM

The AGM heard from Sports Minister the Honourable Tokozile Xasa, who on behalf of government, gave CSA the thumbs up for being one of the leading sports federation in the country and an example of best practice for all federations.The tabled and approved financial statements for the past year reflected revenue of R1.5-billion and a consolidated bottom line profit of R350-million. The profit for the four-year cycle just concluded amounted to R406-million. CSA has a healthy cash balance of R627-million and thus remains a going concern. In terms of CSA’s geopolitical re-alignment Mpumalanga and Limpopo were ratified as members of the Members Council with full voting rights.

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