News24 | Small deficit a ‘major achievement’ says SA Rugby

Rian Oberholzer, CEO of Saru, (Ashley Vlotman/Gallo Images)

• SA Rugby held their annual general meeting in Cape Town on Thursday.
• They reported a deficit of R6.8m for the 2023 financial year.
• Rian Oberholzer, CEO of SA Rugby, described the result as a “major achievement” considering the significant losses other national unions around the globe had suffered.
• For more rugby news, visit our dedicated section.

After an “extraordinarily challenging” financial year, the South African Rugby Union reported a small deficit of R6.8m (before taxation) in 2023.

Union members were briefed on the financial situation for last year at the annual general meeting of SA Rugby, held in Cape Town on Thursday.

Rian Oberholzer, CEO of SA Rugby, described the result as a “major achievement” considering the significant losses other national unions around the globe had suffered.

A sizeable 38% of annual union revenue of R1.35bn was expended on the investment in participating in the Vodacom United Rugby Championship and European Professional Club Rugby (EPCR) competitions (R385m), and the ultimately successful Rugby World Cup campa