Sascoc financials paint a bleak picture
Olympic bodies remaining the main sponsors underlines risk of defiance
26 October 2020 - 14:42
The SA Sports Confederation and Olympic Committee (Sascoc) posted an accumulated deficit of R6.2m for the year ending March 31 2020‚ even after pocketing a R19.65m one-off bonus from its investment company.
The annual financial statements‚ to be discussed at its annual general meeting (AGM) on November 7‚ make bleak reading‚ with current liabilities drowning short-term assets by R8.5m in the umbrella body’s stand-alone report...
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