SA Rugby magazine

South African rugby news, interviews, videos and more. Covering the Springboks, Bulls, Stormers, Sharks, Cheetahs and Lions, as well as schools and club rugby.

Primary Menu Search
  • Home
  • Match Centre
  • Vodacom URC
  • Videos
  • Cars
    • Cheap cars for sale
    • Used Cars For Sale
    • New Cars For Sale
    • Demo Cars For Sale
  • Deals
    • One Day Deals
    • Nationwide Deals
      • Deals in Cape Town
      • Deals in Johannesburg
      • Deals in Durban
      • Deals in Pretoria
      • Deals in Port Elizabeth
    • Accommodation Deals
    • Romantic Getaways
    • Food and Drink Deals
    • Experiences
    • Health and Wellness Deals
    • Beauty and Spa Deals
  • BLACKOUT RUGBY MANAGER
You are here: Home ∼ SA Rugby reports 2019 profit

SA Rugby reports 2019 profit

SA Rugby CEO Jurie Roux SA Rugby CEO Jurie Roux
Published on June 3, 2020

SA Rugby has been able to tackle challenges posed by the coronavirus pandemic from a position of strength after reporting a profit of R8.5 million for 2019.
The announcement was made following SA Rugby’s annual general meeting on Wednesday.

Revenues increased by 2.5% to R1.29bn (2018: R1.26bn) with increases in broadcasting, sponsorship, grants, insurance proceeds, royalties and the Cape Town Sevens event offset by a reduction in Test guarantees due to fewer Test matches, Rugby World Cup performance obligations and the closure of the Springbok Experience Rugby Museum.

SA Rugby chief executive Jurie Roux said the strict financial discipline the organisation had practised in recent years meant it was able to face the pandemic from a position of relative strength.

‘If this crisis had hit us two of three years ago it might have been a very different story.

‘The pandemic has had the effect of tearing up all our approved budgetary plans but we have taken an aggressive approach to the potential impact of the virus. We have agreed our Industry Financial Impact Plan, which will cut R1.2bn from the budget of the entire South African rugby industry if required.

‘It will be painful to endure for all rugby businesses, but it will mean that we will walk from the burning building still intact.’

Roux said operations continued to be funded by way of a bank overdraft for significant parts of the year and solutions had had to be found to address a number of issues including the loss of a broadcasting partner, budgeted lottery income that did not materialise, further loan impairments and the R62m required to honour player and management performance commitments for winning RWC 2019.

The significant RWC 2019 obligation was offset by insurance mitigation plans while the investment in the rugby department (R372m in total) was rewarded with a Rugby World Cup victory in Japan.

Financial support for the 14-member unions and player welfare, through the use of player imagery and injury insurance, accounted for another 32% of operating expenditure (R275m).

‘One of the benefits of our approach is that we go into this crisis with a level of comfort that we can expect the financial support of our bank and key stakeholders in these difficult times,’ Roux said.

‘We reduced the overdraft from R68m to R7m but we have subsequently agreed an increased facility for 2020 to manage the inevitable cashflow issues create by the pandemic.’

Photo: Grant Pitcher/Gallo Images

Posted in Springboks, Test Rugby, Top headlines Tagged 2019 World Cup, Jurie Roux, sa rugby

Post by SA Rugby magazine

SA Rugby magazine

Check out Blackout Rugby Manager HERE!

← Previous Next →

Sevens’ party falls flat

World Rugby shouldn’t have messed with a winning sevens formula, writes SIMON...

Draining format clogs Blitzboks’ blockage

A protracted schedule took the wind out of South Africa's sails at...

England cut Eddie, Razor to stop the bleeding

England have made the rash decision to part ways with coach Eddie...

Rassie ref hom in die rooi

Rassie Erasmus is hardly the embarrassment that some are making him out...

Cut and paste Kurt-Lee for Kolbe

Kurt-Lee Arendse ticks all the right boxes to replace the injured Cheslin...

Rassie auditions for England job

Rassie Erasmus has made the most calculated of public job applications to...

Boks need to make mentality adjustment

The Springboks need to lose their underdog mentality, writes SIMNIKIWE XABANISA in...

Kolbe’s worth every penny

Cheslin Kolbe’s big-money move to Toulon should be welcomed as a massive...

‘Bok gameplan, when executed correctly, is hard to match’

The opportunity to play against the All Blacks is a career highlight...

Five key areas the Boks need to dominate for first victory

SA Rugby magazine highlights five crucial areas the Boks will need to...

Top six: Best and worst foreign imports

SARugbymag.co.za identifies six of the best and worst foreign players to play...

Column: When context is needed

As highlighted by the Argentina controversy, ‘cancel culture’ needs a spoonful of...

Dark cloud hangs over WP Rugby

The problems at Western Province Rugby are layered, and everyone involved needs...

From the mag: Foreign Favourites

As Vodacom Super Rugby turned 25 this year, JON CARDINELLI picks an...

Bulls rookies to watch

After a massive exodus of players the Vodacom Bulls will be eager...

Analysis: The new suffocate-and-strangle game

For the Boks to emerge as World Cup winners, they need to...

VIEW MORE
  • Bonus-point Bulls douse Dragons
  • Munster maul luckless Lions
  • Stormers sign off 2022 in style
  • Sharks carve Bulls on New Year’s Eve

Jacques Burger’s Perfect XV

    BKT United Rugby Championship, Scotstoun, Glasgow, Scotland 8/1/2023 Glasgow Warriors vs DHL Stormers Stormers' Damian Willemse Mandatory Credit ©INPHO/Craig Watson
  • Highlights: Heartbreak for Stormers in Glasgow thriller

###


COVID-19 Corona Virus
South African Resource Portal

African Insider
African Insider News

ABOUT

  • Contact us
  • Competitions
  • Videos
  • Player Features
  • Subscribe
  • Terms and conditions
  • Privacy Policy

TOURNAMENTS

    • Rugby Championship
    • Super Rugby
    • Currie Cup
    • Varsity Cup
    • Gold Cup
    • Schools
    • Six Nations
    • Champions Cup
    • World Cup
    • Challenge Cup

OPINION

  • Mallett on SuperSport
  • Cardinelli column
  • Lewis column
  • Xabanisa column
  • Borchardt column
  • Superbru

Primary Menu

  • Home
  • Match Centre
  • Vodacom URC
  • Videos
  • Cars
    • Cheap cars for sale
    • Used Cars For Sale
    • New Cars For Sale
    • Demo Cars For Sale
  • Deals
    • One Day Deals
    • Nationwide Deals
      • Deals in Cape Town
      • Deals in Johannesburg
      • Deals in Durban
      • Deals in Pretoria
      • Deals in Port Elizabeth
    • Accommodation Deals
    • Romantic Getaways
    • Food and Drink Deals
    • Experiences
    • Health and Wellness Deals
    • Beauty and Spa Deals
  • BLACKOUT RUGBY MANAGER