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CSA reports profits of R815 million for 2023-24

A South Africa Fan At The SA20 Tournament SA20.png A South Africa fan at the SA20 tournament SA20

Thu, 12 Sep 2024 Source: ESPN

Cricket South Africa (CSA) reported a profit of R815 million (US$ 45.6 million) for the 2023-24 fiscal year, following a series of matches against India, including two Tests, three ODIs, and three T20Is during December and January, along with a successful SA20 tournament.

As the main stakeholder in the T20 league, CSA generated R54 million (US$ 3.02 million) in profits from the event, which experienced significant growth.

This positive outcome contrasts with the losses recorded over the previous three fiscal years—2020-21, 2021-22, and 2022-23—totaling R538 million (US$ 30.14 million). The recovery was primarily attributed to increased revenue from broadcast rights, which account for 54% of CSA's total income.

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Source: ESPN