Local rugby industry preparing to cut up to R1-billion from its budget over the next eight months

  • 📰 SowetanLIVE
  • ⏱ Reading Time:
  • 42 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 63%

United Kingdom News News

The local rugby industry is preparing to cut up to R1-billion from its budget over the next eight months to ensure post Covid-19 viability.

SA Rugby announced on Tuesday through its Industry Financial Impact Plan that the industry is hoping to cut between R700 million and R1 billion.

SA Rugby believes the savings will be achieved through reduced expenditure caused by the cancellation of competitions‚ cuts in other operational budgets and in salary reductions. Roux said that the salary reductions had been agreed in principle by the collective and were now being communicated to those affected before final approval through the various governance channels of SA Rugby‚ MyPlayers‚ Sports Employees Unite and the individual unions.

“This IFIP has been formulated against a worst-case scenario where we are not able to resume play for the rest of the year. “In terms of other teams’ participation in certain competitions‚ and the hosting of other tournaments‚ we are currently on a return to train and play readiness plan‚ but this is dependent on Government advice and decisions as the pandemic evolves.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 13. in UK

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Local call centre industry expects an uptick after Covid-19Disruptions in countries such as India and the Philippines have resulted in some traffic being diverted to SA
Source: BDliveSA - 🏆 12. / 63 Read more »

Local call centre industry expects an uptick after Covid-19Disruptions in countries such as India and the Philippines have resulted in some traffic being diverted to SA
Source: BDliveSA - 🏆 12. / 63 Read more »