Cricket South Africa (CSA) reported a profit of R815 million (US$ 45.6 million) for the 2023-24 fiscal year, marking a significant financial turnaround. This positive result follows three consecutive years of losses amounting to R538 million (US$ 30.14 million). The hosting of India for two Tests, three ODIs, and three T20Is during December-January, alongside a successful SA20 tournament, played key roles in boosting CSA’s revenues.
The SA20 tournament, in which CSA is the majority shareholder, generated R54 million (US$ 3.02 million) in profits. Broadcast rights contributed the most, accounting for 54% of CSA’s total income. This substantial recovery in revenues underscores the importance of broadcast deals to the organization’s financial health.
Hosting the 2024 Under-19 Men’s World Cup further boosted CSA’s income. The tournament, initially set for Sri Lanka, was relocated to South Africa and generated R54 million (US$ 3.02 million). Additionally, CSA received R566 million (US$ 31.63 million) in disbursements from the ICC, significantly up from the previous year’s R290 million (US$ 16.2 million).
Looking ahead, CSA expects continued financial success in the 2024-25 fiscal year. South Africa will host India for four T20Is in November, projected to generate over R150 million (US$ 8.38 million) per match. While CSA is gradually moving away from its reliance on India, thanks to the SA20 tournament, India’s presence remains financially critical.
The women’s game has been a significant beneficiary of CSA’s improved finances. Last season, R32 million (US$ 1.78 million) was invested in women’s cricket, following its professionalization at the domestic level. However, running professional cricket remains CSA’s biggest expense, with R633 million (US$ 35.3 million) allocated to the domestic men’s and women’s teams.
At the grassroots level, CSA’s KFC mini-cricket programme, targeting children aged six to 12, reported a 20% increase in participation. Over 100,000 children from more than 2000 schools took part, with a 15% progression rate to provincial and national levels.
CSA’s AGM also marked the end of Lawson Naidoo’s three-year term as chair. A new chair will be selected from the independent directors at an upcoming special general meeting.
