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rdf:type	schema:NewsArticle
schema:articleBody	Bonus payments for South Africa's Rugby World Cup champions made a dent in the profits of SA Rugby, the organisation revealed at its annual meeting on Wednesday. SA Rugby made a post-tax profit of 8.5 million rand for the 2019 financial year despite paying out 62m rand (about US$4.2-million at the prevailing exchange rate) for the Springboks' triumph in Japan last November. Details of the bonuses were not disclosed but SA Rugby said in a statement that the pay-outs were to "honour player and management performance commitments for winning RWC 2019". Jurie Roux, chief executive of SA Rugby, said the organisation had practised financial discipline in order to reduce its overdraft from 68m rand to 7m rand during the year. Income for the year was 1.29-billion rand. He said the improved financial position had enabled SA Rugby to be better prepared for the challenges of the COVID-19 pandemic in 2020, "which has had the effect of tearing up all our approved budgetary plans". No rugby has been played in South Africa since March 18 and there are no definite plans for a resumption. Roux said provision had been made to cut 1.2-billion rand from the sport's budget in 2020, which includes cuts in pay for players and officials. str/lp
schema:headline	World Cup bonuses cut into South African rugby profit
schema:mentions	South Africa national rugby union team South African rand Exchange rate South Australia Pandemic Coronavirus disease 2019 Overdraft Japan national rugby union team Rugby World Cup
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-06-03 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	69 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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