Rollers announce P6 million earnings
Monday, June 29, 2015
Township Rollers supporters endorsed their club's new constitution
Club chairman, Walter Kgabung told the annual general meeting (AGM) held in Palapye on Saturday that the club has managed to make P300 000 this season through merchandise which is a tremendous growth as compared to P31 000 last season. He said they spent around P3.7 million on players’ salaries this season. “The club’s deficit has gone down from P4.4 million in 2013/2014 season to P2.7 million this season,” he said.
The AGM was also updated that the club expects 30 percent from the sale of former star, Tsotso Ngele to Mamelodi Sundowns. Rollers expect to pocket R900 000 from the Ngele windfall.
Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...