Has Cycling South Africa left its members without Insurance Cover?
In a society which over the last 18 months has been exposed to one financial revelation after the next, I suppose it would have been extremely idealistic to presume that our sporting bodies would escape a #leak.
Definition revelation: a surprising and previously unknown fact that has been disclosed.
Last week Graeme Joffe dropped this tweet.
Some weeks prior to this we posted that it had been revealed that Cycling South Africa was bankrupt, and that it had come to light that some of the provinces were withholding fees. The latest leak from Joffe implied that CSA had not paid the members insurance premiums with Hollard.
The following emergency meeting minutes were published confirming Joffe tweet.
Have a look at CSA Financials 2016 – all available from CSA website
The Hub has a thread on this saga