SANCTIONING OF TOURNAMENTS, FEES AND PURSE MONEY.
Boxing SA, as the regulatory body of boxing in the country, has a statutory requirement that it be audited by the Auditor General South Africa (AGSA) to ensure that it abides by the PFMA and National Treasury Regulations.
The South African Boxing Act 11 of 2001 has set up a list of regulations meant to ensure that all compliances are followed in order to satisfy the requirements of the aforementioned entities..... Read More
ONLY MDANTSANE COULD MAKE THIS HAPPEN
There is no information that this boxing phenomenon has ever happened anywhere in the world of professional boxing- certainly never in South Africa. Sinyabi Rise with the People Promotions and Sijuta Boxing Promotions, together on the same day, in the same ring and same venue. Yep, you've heard it right, history was made. Boxing enthusiasts in East London were treated to an unprecedented boxing doubleheader sanctioned by Boxing SA.
"This was the first time watching so many of my favorite boxers in one day - it was magnificent", said one jovial boxing fan who paid for both tournaments.
The Sinyabi Rise with the People Promotions tournament, which had the Eastern Cape Junior Featherweight title fight as the main bout was initially scheduled for 11 October 2013 at the Mdantsane Indoor Centre, the same venue where Sijuta Boxing Promotions was to host its event, the South African Middleweight championship, the following day. However, as a result of an electrical power failure, it seemed highly improbable that the tournament would continue as intended. Numerous attempts were made to power up the venue but the electric generator could not supply the sufficient power and lighting desired to ensure the safety of both the boxers and boxing lovers, who queued outside in their scores to watch their much-loved sport. Left with no choice, Boxing SA in consultation with the promoter and all camps mutually agreed to defer the tournament to the next day. The fans were duly informed of the verdict and advised that the tournament was postponed to the following day.
SUPPLY CHAIN REGISTRATION
Pursuant to the provisions of the Public Finance Management Act (PFMA), Act 1 of 1999, Boxing SA hereby invites current and prospective service providers to apply to be accredited and registered on its Supplier/services Database for the 2012 to 2013 Financial Year.
Henceforth, Boxing SA will not do business with suppliers that are not accredited and registered on the database.
Suppliers currently doing business with Boxing SA must reapply in terms of this new process.
In procuring goods or services for the Commission, Boxing SA follows a
Boxing Long-Term ContractsBoxing
CIRCULAR TO ALL BOXING STAKEHOLDERS:
BOXING LONG-TERM CONTRACTS (Boxer - Promoter)
I hope you are well.
This circular serves to inform ALL Boxing SA licensees (Boxers, Managers, Promoters, Trainers and Officials) that Boxing SA has reviewed long-term contracts.
Licensees are hereby informed that the long-term Contract between a Boxer and a Promoter will be as follows:
Duration: One Year (Twelve Months)
Minimum Fights to be provided by Promoter: Two (2) Fights per year,
Maximum number of Fights to be provided by Promoter : Four (4) Fights per year,
All long-term contracts are subject to the South African Boxing Act No.11 of 2001, Section 24 and 25, and Boxing Regulations of 2004 and penalties that will be determined by Boxing SA on non-compliance to such contracts will be enforced.
THE END !!!!!
Issued by: Mr. Moffat Qithi (CEO-Boxing SA)