Covid-19 Cricket: The South African story, so far

During World War II, Hollywood kept on releasing new movies and Pablo Picasso kept on painting in Paris.  Surreal, but that is how it was.  The same sense of surrealism permeates South African cricket when one considers the winners and losers during the coronavirus pandemic. In 2018 Cricket South Africa (CSA) announced in parliament that it expects to make a loss of R654 million over a four-year cycle from May 2018 to April 2022.  But two weeks ago, CSA announced to parliament that it is expecting to record a profit of between R50 – 80 million for the 2019/20 financial year.  The sole reason for this?  The weak rand / dollar exchange rate in the Covid-19 economy.  Between 50 – 60% of CSA’s annual income is from international broadcasting rights paid in US dollars.  CSA is expecting a similar profit for the 2020/21 financial year, targeting a new projected loss… Continue reading