1. Yes. According to South African Airways, their sponsorships in the financial years (a) 2013-14, (b) 2014-15 and (c) 2015-16 were as following (all these sponsorships were approved in accordance with the company’s delegation of authority requirements and followed an internal approval process which included the approval of a business case):
Sponsorship Property |
Right Holder |
Value |
Period |
Springboks |
SA Rugby |
R22.5m per annum |
2013-14 |
SA Olympic Teams |
SASCOC |
R6m per annum |
2014-15 |
Springboks |
SA Rugby |
R22.5m per annum |
2014-15 |
SA Olympic Teams |
SASCOC |
R6m per annum |
2015-16 |
Springboks |
SA Rugby |
R22.5 per annun |
2015-16 |
Miss South Africa |
Sun International |
R594k |
2015-16 |
World Routes |
UBM |
R1.5m |
2015-16 |
NBA Africa Games |
NBA Africa |
R1.3m |
2015-16 |
International Jazz Extravaganza |
Teacup Projects Proprietary Limited |
R1.1m |
2015-16 |
Notes:
2. There is no mandatory provisions in the cost containment measures (National Treasury Instruction 01 of 2013/14) prohibiting sponsorships although accounting authorities were required to implement measures to contain operational costs and eliminate all non-essential expenditure. SAA is only required to obtain the Minister’s approval for significant transactions outlined in terms of Section 54(2) of the PFMA.
3. According to SAA, the Bafana Bafana sponsorship is valued at R110m in value in kind over a five (5) year period.
4. The Minister does not intend to make an announcement on this matter as SAA announces and accounts for all its sponsorships.
Nonetheless, prudence is required in exercising financial authority during times of financial constraints.