GOVERNORS CHALLENGE ACCURACY OF PLE FINANCIALS

EZULWINI – They could not really have it their way yesterday.

These are Board of Governors (BoGs) during the continuation of the Premier League of Eswatini (PLE) Annual General Meeting (AGM) and elections held at the Happy Valley Hotel.
Governors, through Mhlume Peacemakers’ Sibusiso ‘Scorpion’ Nxumalo, requested from the outgoing executive led by Peter ‘Touch’ Magagula that a special assembly or meeting be set aside specifically for deliberations on the organisation’s finances.

This was after it transpired that most governors were not satisfied with explanations by the organisation’s former executive member Sicelo Mkhonta, Magagula and auditors Ndallahwa and Company for the financial report of the year ended June 30, 2020.

The main concern raised by the governors was that the financials did not reflect the accurate debts teams had with the organisation.
Pigg’s Peak Black Swallows Chairman Charles Matsebula was the first to raise a concern over the teams’ debts with the organisation.
He refuted that, as per the financial report, Black Swallows currently owed the PLE E158 915.

did not owe

Matsebula said he was sure that his team did not owe such a huge amount and the executive owed him an explanation as he, in turn will need to explain to Black Swallows how they came to owe the PLE such an amount.
“It is clear that most of us do not understand how we came to owe the organisation these big monies. We do not know the debts and it will be hard to adopt the financials with these debts, which we do not know,” said Peacemakers’ Nxumalo.
However, Mkhonta said it was impractical not to adopt the financials and set a special assembly merely because some members were not satisfied and needed explanations on their debts with the organisation. He said people had a tendency to deny debts but recorded statements were readily available in the office to justify the debts.

formally approach

“If anyone has a complaint, they must formally approach the office, we will go through the journals and they have the records. As far as we are concerned, these figures are accurate,” he said.
It was further explained to the governors that it was possible that their debts had decreased but those that appeared in the financials were as at June 30, 2020. The explanation was that perhaps some teams had paid through prize monies.
On another note, Matsebula accused the organisation, through his independent investigations, of paying monies to an unknown entity, an allegation Mkhonta refuted.

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