SA Rugby and all its stakeholders have agreed to a financial impact plan to save the sport from financial ruin due to the coronavirus pandemic.
All stakeholders have agreed to pay-cuts and other measures to slice up to R1.2 billion from the sport’s budget by the end of the year.
The salary cuts amount to 25% of the total remuneration across the industry.
It includes all employees, players and officials, although persons earning below R20 000 per month have been exempted. Higher earners have agreed to cuts on a sliding scale of up to 43 percent.
SA Rugby CEO, Jurie Roux, says the focus now shifts to the resumption of the sport in South Africa.
Internal guidelines and protocols for return to play have been completed and are ready to be put into action as soon as SA Rugby gets government’s go-ahead.
SA Rugby and all its stakeholders have agreed to a financial impact plan to save the sport from financial ruin due to the coronavirus pandemic.#sabcnews
— SAfm news (@SAfmnews) May 15, 2020