Majola has no plans to resign

JOHANNESBURG, SOUTH AFRICA - JANUARY 21, Gerald Majola (Cricket South Africa's CEO) during the CSA Media Briefing at Sandton Sun on January 21, 2012 in Johannesburg, South Africa Photo by Lee Warren / Gallo Images

JOHANNESBURG, SOUTH AFRICA - JANUARY 21, Gerald Majola (Cricket South Africa's CEO) during the CSA Media Briefing at Sandton Sun on January 21, 2012 in Johannesburg, South Africa Photo by Lee Warren / Gallo Images

Published Jan 22, 2012

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Cricket SA chief executive Gerald Majola yesterday offered a terse “no, no” to an inquiry about whether he would resign.

Majola has been under enormous pressure since audit firm KPMG did a forensic audit of CSA’s finances last year, and found he had breached the Companies Act four times.

Majola admitted at the Nicholson Inquiry – set up to investigate the payment of bonuses – that he had breached the act, but said he didn’t understand it.

Yesterday CSA stakeholders, including provincial presidents and all the chief executives of the various provincial affiliates, attended a workshop in Joburg where they had the Companies Act explained to them by Professor Johan Erasmus, an analyst at Deloitte.

Asked whether this had come too late, given all that had been revealed by KPMG and at the Nicholson Inquiry, Majola responded: “It’s never too late to learn.”

Majola, backed by CSA’s acting president AK Khan, said the decision to learn more about the Companies Act was taken at the organisation’s annual meeting last August.

Khan said the CSA had to be “taken through a memorandum of understanding”, a process which had to be completed by June next year.

Khan refused to discuss the Nicholson Inquiry or the appearance before the inquiry last week of Ali Bacher, former managing director of the then-United Cricket Board, and Norman Arendse, the CSA’s former president.

“It’s premature for us to discuss (the Nicholson Inquiry) now. The report will only be given at the end of February,” he said.

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