Cricket South Africa records R440 million loss - TimesLIVE

South Africa's cricket association, Cricket South Africa (CSA), ended the 2025/26 financial year with a loss of R440 million. The reasons included the absence of major international tours to South Africa, spending on preparations for next year's Cricket World Cup, and the strengthening of the rand, which negatively affected foreign-currency income, TimesLIVE reports.

South Africa's men's national cricket team, known as the Proteas, remains the main source of revenue for the sport in the country. However, last season the team played only three T20 international matches at home. CSA had forecast losses in advance.

Outlook for 2027

CSA chief financial officer Tjaart van der Walt said that 2027 is also budgeted as a loss-making year, despite a busier schedule of international tours to South Africa. In the 2026/27 season, South Africa are due to play series against Australia and England, but the financial result will be affected by an even stronger rand than in 2026, he said.

Dividends of R43 million received by CSA from its share in the SA20 tournament were offset by the impact of the exchange rate. Additional costs included R300 million for stadium upgrades ahead of the World Cup and the creation of an expanded domestic competition structure. At the same time, the SA A and SA Emerging teams toured India and England.

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Van der Walt said CSA is reviewing its financial sustainability project to align the rising costs of the entire cricket system with current and expected revenue. The organisation expects a significant improvement in results in the 2028 financial year, including due to World Cup revenue.

CSA board elections

At CSA's annual general meeting, Easterns president Tato Moagi and Mike Extin of South Western Districts retained their positions as independent directors. Adila Chowan, Ziyanda Ngkqubo, Simon Denny and Adrian Ristow were elected as new independent directors.

Eleven of the 15 provincial unions took part in the vote. Border and Northern Cape Cricket Union remain under CSA administration. Boland and North West, according to CSA, failed to comply with certain provisions of the memorandum of incorporation: they did not hold their annual meetings before CSA's meeting and did not submit financial statements.

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