Lotto downgrade of Sascoc will leave athletes with less funding

SA Sports Confederation and Olympic Committee (Sascoc) could find itself running low on funding.

Journalist, David Isaacson says the downgrading of Sascoc to the status of a national federation by the National Lotteries Commission (NLC) will lead to a massive cut in funding.

They have in the past four years been getting between 70 and a 100 million a year from Lotto. National federations can get a maximum of about 5 million.

David Isaacson, Journalist

The second concern is what they call a 'cooling off period', where Lotto has now imposed a rule that if you get a grant you must wait twelve months before you can apply for the next grant.

David Isaacson, Journalist

Isaacson says NLC is now denying they have downgraded Sascoc to national federation status and says the cooling off period isn't as big a deal.

If Sascoc is unable to get funding, it will mean trouble for South African athletes, Isaacson adds. The successful athletes already have big brands endorsing them and have little to worry about.

He says the guys who are still trying to establish themselves are going to be heavily affected.

Take a listen to the full interview below:


This article first appeared on 702 : Lotto downgrade of Sascoc will leave athletes with less funding


Recommended

by NEWSROOM AI
Read More
Moyane's restructuring project at SARS 'unnecessary', commission hears

Moyane's restructuring project at SARS 'unnecessary', commission hears

Randall Carolissen explained how Sars' revenue forecasting and analysis unit was destroyed by the restructuring project.

[LISTEN] Cape Town businesswoman targeted in fake invoice scam

[LISTEN] Cape Town businesswoman targeted in fake invoice scam

Jacqui Kaminer says banking officials were unable to investigate the matter further because police failed to open a case for her.

National govt meant to tackle policing at unsafe Khayelitsha schools, says MEC

National govt meant to tackle policing at unsafe Khayelitsha schools, says MEC

Education MEC Debbie Schafer says the police to population ratio in Khayelitsha is at a staggering 1 to 560 this year.

Fuel levies reason for high fuel costs in SA - Energy Minister

Fuel levies reason for high fuel costs in SA - Energy Minister

Energy Minister Jeff Radebe told Members of Parliament that there’s no respite from the crippling fuel price, just yet.

ConCourt to rule on law that governs the right to protest

ConCourt to rule on law that governs the right to protest

Civil rights groups claim that the Regulation of Gatherings Act limits and criminalises peaceful protest through intimidation.

[LISTEN] Fears that new deal with Cape Town brewery may monopolise SA craft beer

[LISTEN] Fears that new deal with Cape Town brewery may monopolise SA craft beer

A Cape Town-based brewing company and The Tap Room have signed a deal to buy around 700 installed draught taps around SA.

Popular articles
[LISTEN] Cape Town businesswoman targeted in fake invoice scam

[LISTEN] Cape Town businesswoman targeted in fake invoice scam

Jacqui Kaminer says banking officials were unable to investigate the matter further because police failed to open a case for her.

Stealthing: a form of rape, says Dr Tlaleng

Stealthing: a form of rape, says Dr Tlaleng

'Stealthing' is the act of discreetly removing the condom without the knowledge or consent of the other party during sex.

Two young boys go the extra mile to get a sick dog to a vet with just R7

Two young boys go the extra mile to get a sick dog to a vet with just R7

Peter and Jerry gave up their last R7 to get a sick community dog (Lady) to an Animal Welfare shelter for medical attention.

'Almost alcoholics' - the blurred lines between social drinking and alcoholism

'Almost alcoholics' - the blurred lines between social drinking and alcoholism

Sobriety advocate Janet Gourand explains the differences between the social drinker and an almost alcoholic.