Debt ridden BFA freeze payments

BFA’s second vice president, Marshlow Motlogelwa, who was in the previous committee, presented a gloomy picture when he told delegates at Saturday’s general assembly that the association had closed the year P5.1million in debt. But in total, the BFA is P10 million in the red as it battles to pay suppliers. The BFA has frozen payments as the new committee assesses the situation.  “We have lost sponsorship fund and ordinarily, that will leave us with a deficit, more so that the national team was active. In addition, there are court cases pending and there is a provision in the budget, in case we lose,” BFA chief executive officer, Kitso Kemoeng said.

Regarding freezing payments, Kemoeng said it is only fair for the new committee to satisfy itself that there is financial discipline.