Pin it
August 23, 2014 | Last Updated 4:00 PM
Loading
Image Loading

Subscribe to newsletters

 
 
MOBILE RSS twitter facebook
Football
Apr 26 2012 8:36AM
 
Safa bigwigs’ bonus plan
LAST SPOT: Irvirn Khoza is director No 14
print
divider
mail
divider
Bookmarkl and ShareShare
divider
share
 
Rate This Story close
|

Patrick Baloyi

South Africa’s football bigwigs could yet again benefit from another tournament after 14 of them were named directors of a newly formed company, called Vexoforce, that will run the 2013 Africa Cup of Nations.

The New Age is in possession of registration documents of the “non-profit” unit formed on April 20.

Mentioned first on the list of directors is Safa vice-president Chief Mwelo Nonkonyana, followed by his president Kirsten Nematendani, then another vice-president, Mandla Mazibuko.

Other prominent directors of the company include two other Safa vice-presidents, Danny Jordaan and Irvin Khoza, who are listed in positions nine and 14 respectively.

In minutes of a local organising committee (LOC) Afcon meeting held at Safa House on March 27, it was resolved that the company will later change its status.

“The LOC undertook to change the name of the shelf non-profit company, Vexoforce, that it bears the name Africa Cup of Nations 2013 Local Organising Committe South Africa NPC,” reads part of the minutes.

However, Safa head of communications Dominic Chimhavi yesterday said that the 14 directors would not be paid for their services to the company, which was registered with the Companies and Intellectual Property Commission last Friday.

“This is the same model that was used in the World Cup and the directors will actually be increased to 20 to include government and local municipal representatives,” said Chimhavi.

But, a source close to the deal, who refused to be named, said the directors could get paid if the one-month tournament that kicks off in January makes a profit, as was the case with some of the organisers of the 2010 Soccer World Cup.

Fifa is reported to have recently awarded local administrators lucrative bonuses for the successful hosting of that tournament.

Commenting on the new non-profit company, LOC chief executive Mvuso Mbebe did not rule out the possibility of the directors being compensated.

“The 14 members are directors of the LOC and regarding whether they will be compensated or not, that issue is getting my attention as I have been asked to get the experts’ opinion on it,” said Mbebe.

“We had the 2005 Rugby World Cup and the 2010 Fifa World Cup and it is important that before we reach an agreement as to whether they will be compensated or not, we first get the experts’ side of the story.”

Safa’s CEO, Robin Peterson, and his LOC counterpart, Mvuso Mbebe, are also directors of Vexoforce, along with Elvis Shishana, Govindasamy Poobalan, Andile Ndengezi, woman’s football boss Nomsa Mahlangu, Lucas Nhlapo, David Zulu and Alpha Mchunu.

The directors held their first board meeting last Sunday.

The Afcon tournament could raise millions given that host cities will be expected to pay at least R20m each.

patrickb@thenewage.co.za

|
print
divider
mail
divider
Bookmarkl and ShareShare
divider
share
 
 
Comment Now
 
 
Close

Name:*   

Email:*   

Comment: *


 
Close Name:

Email:  

Subject:

Description:
               

 
 
http://www.dmma.co.za/ sudoku