Swimming SA saga: Officials suspended, champions unpaid, and sponsors watching closely

Loading player...
Swimming South Africa has two officials suspended, a high performance centre with more than R50 million unaccounted for, and an Olympic champion who says she waited over a year for prize money the federation then charged her interest on. So what does a sponsor actually do with that? Bank of America's Brad Ross, speaking to Alec Hogg in a personal capacity, laid out the playbook: freeze the funds, audit what really happened, then find a way to keep supporting the athletes without the money running through a federation under a corruption cloud. Drawing on his years running sponsorship for Coca-Cola, and on cautionary tales from West Ham United to the International Olympic Committee, Ross made the case for morality clauses South African sport still doesn't use, and for putting athletes like Tatjana Smith and Roland Schoeman on the boards that are supposed to serve them.
18 Sep 11AM English South Africa Investing · Business News

Other recent episodes

Preloved boots give Eastern Cape township rugby a boost

Across the Eastern Cape, boys and girls run onto rugby fields in their school shoes or a pair of tekkies. Lincoln Mali, founder of the Mzwandile Mali Schools Rugby Champions League, tells BizNews how a visit by businessman Paul Gardiner to Kwanobuhle township led to Boots for Boys and Girls,…
6 Nov 7AM 15 min

Solly Moeng: Mashaba and Zille, MK's rise, FF Plus, Malema

One day after the Local Government Elections in South Africa, in this interview with Chris Steyn - just after four o'clock and with 43% of the results in - political commentator Solly Moeng says Action SA leader Herman Mashaba and his party leadership need to listen to calls from voters…
5 Nov 11AM 26 min

BizNews Ricardo Portfolio update: Palantir, Uber, Lesaka, and Exemplar

Four companies BizNews owns reported in the same week, so Alec Hogg went back to his own valuations to see whether they still held. Palantir nearly doubled its revenue and its chief executive declared his intent to take "the entire market", yet one number nagged at Alec. Uber delivered a…
5 Nov 10AM 41 min