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CSA suspends CEO as Standard Bank confirms deal won’t be renewed

Test match between South Africa and Sri Lanka (Photo by Lee Warren/Gallo Images)

Cricket South Africa (CSA) suspended chief executive Thabang Moroe on allegations of misconduct today (December 6) just hours after sponsor Standard Bank cited governance concerns at CSA for its decision not to renew its partnership beyond April 30, 2020.

The financial services provider became the headline sponsor of the South Africa national team in Test, one-day international and Twenty20 formats in 2016, having previously supported the national governing body from 1998 to 2011.

However, Standard Bank warned earlier this week that it had “grave concerns” and demanded a meeting with CSA to discuss issues relating “to governance and conduct”.

The provider’s chief marketing and communications officer, Thulani Sibeko, said today: “Standard Bank is committed to upholding the highest levels of leadership, integrity and governance. In light of recent developments at CSA, which are a culmination of long-standing problems which have damaged Standard Bank’s reputation, it has decided not to renew its partnership with CSA.”

Just hours later, CSA’s board of directors confirmed the “precautionary suspension” of Moroe after receiving reports from the Social and Ethics Committee and the Audit and Risk Committee in relation to “possible failure of controls in the organisation”.

CSA has endured a series of controversies, including a court battle with the South African Cricketers’ Association over a commercial-rights dispute, projected financial losses of about $45m (€40.7m) in the next four-year cycle and the suspension of six staff members. Last week, as press criticism increased, CSA revoked media accreditations for five journalists covering the Mzansi Super League.

In a statement, CSA said that an independent team would carry out “a forensic audit of critical aspects of the business and the conduct of management”.

The governing body added: “We urge all our stakeholder including sponsors, members of staff, players, volunteers and cricket fans to allow this process to unfold and we will provide updates on this matter.”

CSA added that it would hold talks with former International Cricket Council chief executive Dave Richardson over the appointment of an acting chief executive for the duration of Moroe’s suspension.