Latest news with #R1.7m
TimesLIVE
4 days ago
- Business
- TimesLIVE
‘We have to wait and see': Jordaan dribbles parliament on fourth term at Safa
South African Football Association (Safa) president Danny Jordaan dribbled past some fuming members of parliament's portfolio committee on sports, arts and culture on Tuesday when asked if he will stand for a fourth term in Safa's election next year. Jordaan has been president of Safa since 2013, serving almost three terms in an association that admitted it is battling cash flow issues, presenting a financial year statement for 2023-2024 in its presentation to the committee that showed a loss of R5.4m. Gronie Hluyo, who has been Safa's CFO since 2007, said part of the reason the association reported a deficit is because most of its national teams, especially the juniors, are not attracting sponsors, meaning the cash-strapped association has to fund them from its pockets. The sports ministry had to bail Safa out for R5m towards the end of last year when it failed to pay the bonuses of Bafana Bafana and Banyana Banyana players. Safa will repay that debt in the next financial year through receiving R1.7m instead of the normal annual grant of R6.7m from the department of sports.
TimesLIVE
23-04-2025
- Business
- TimesLIVE
Unemployed father who bagged more than R1.7m in Sportstake 8 jackpot wants to start a business
A sports fanatic father who bagged more than R1.7m in the Sportstake 8 jackpot plans to start a business that will offer long-term stability and income for his household. 'The win is a dream come true,' he said. Ithuba announced the man claimed his wealth after the draw last Friday. The unemployed father placed a R10 manual wager. 'I couldn't believe I had won so much money from a game I love (with) only a R10 ticket. I kept my ticket safely tucked inside my Bible until I could claim it,' he said. The man said he is grateful for the chance to build a better future for his loved ones. Ithuba CEO Charmaine Mabuza congratulated the winner: 'Sportstake 8 is an exhilarating game that combines the thrill of soccer with the excitement of winning. We congratulate the winner on his blend of sports knowledge and luck.'
