SA Rugby posts profit to ‘walk from the burning building intact’

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If it had been two or three years ago, it would have been a different story, says chief, but there are still concerns

Jerry Segwaba was in a contest with Francois Davids for the SA Rugby vice-presidency at the AGM. Davids was re-elected deputy president for four years.SA Rugby reported a profit at its AGM on Wednesday, but CEO Jurie Roux conceded that Covid-19-enforced austerity measures would be painful for rugby businesses.Before the full scope of the coronavirus pandemic becomes clear, SA Rugby reported a post-tax profit of R8.5m for 2019.

“The measures that we have implemented in recent years allowed us to deliver a very satisfactory result at the end of 2019. “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.”

 

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