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SASCOC comes to the rescue of National Federations
- Updated: July 18, 2013
South African Sports Confederation and Olympic Committee (SASCOC), is concerned at the predicament that its National Federations are in financially in attempting to deliver on their mandates to South African sport.
In this regard, SASCOC has once again come to the rescue of two of its members who have found themselves with activities to deliver yet without the required cashflow at hand. SASCOC made available to the South African Hockey Association, bridging finance to the tune of R400 000 to enable the mens hockey team to participate at the World League Semi Finals that were held in Johor Bahru in Malaysia.
Similarly, today, SASCOC has gone ahead and assisted the Deaf Federation of South Africa with bridging finance totaling R1.5 million towards the South African teams participation in the 2013 Deaflympics that are being held from 26 July- 4 August in Sofia, Bulgaria. The South African team will participate in mens volleyball, womens volleyball, womenssoccer, athletics, table tennis, swimming and cycling. A total of 70 athletes and officials have been earmarked for participation at this event.
SASCOC CEO, Tubby Reddy commented, It is disturbing that our National Federations are in a financial quandary which is impacting negatively on their obligation to their various sporting codes participation at World Sporting events. SASCOC has aided National Federations financially to enable them to participate in various sporting events.
As the macro sports body in South Africa, SASCOCs main objective is to promote and develop high performance sport in the Republic of South Africa as well as act as the controlling body for the preparation and delivery of Team South Africa at all multi-sport international games. However, we encourage National Federations to do their part in sourcing finances so that they can successfully operate autonomously.