Chris Nenzani to continue as CSA President for another year
In the Annual AGM of Cricket South Africa, it has been decided that Chris Nenzani will continue for another year as the president of the board. The decision, according to vice-president Beresford Williams, has been taken to keep the organisation stable as it attempts to restructure itself.
Known as one of the most powerful South African cricket administrators after Haroon Lorgat, Nenzani has held various roles in vital ICC committees and has immeasurable powers in Cricket South Africa. Keeping everything in mind, the board and members council of Cricket South Africa have decided that, in a change of their constitution, Nenzani should have his term extended by another year as it attempts to restructure itself with "fundamental changes".
"The board and the members council agreed that we would ask Chris to stay on because there are a number of changes about our cricket at the moment, we're looking at our whole model and making fundamental changes, and we felt we needed him to share his expertise and wisdom. It was a unanimous decision. We are fully confident in the leadership we have, they have led well and the results and outcomes have been pretty good," Williams said.
While the AGM unanimously agreed with the decision regarding the extension, it has also been revealed that the board has reported losses of Rand 200 million as per the approved financial statements. What came as a silver-lining is they had anticipated a loss of around R222-million. The board went on to reveal that the improvement was down to cost-cutting initiatives but ensuring that it didn't negatively impact development programmes as well as improved investment returns.
"CSA still has a cash balance of R349-million and very healthy reserves of more than R850-million. The chair of the Finance Committee, Mr. Iqbal Khan, also revealed that plans had been put in place that had reduced the previously projected deficit of R654-million over the next four years down to R120-million," the statement added.