Olympic team


Finweek English Edition - - INSIGHT: ECONOMICS -

events. The row­ing squad was an eye opener and proof that sys­tem­atic hard work, clear goals and sup­port for ath­letes and coaches pays off. The im­prove­ment is not as wide­spread as we would like it to be and this at the end of the day comes down to fund­ing.”

Ac­cord­ing to Sam, the for­mula for get­ting more medals is sim­ple. Spend more money. As such, Sam has pe­ti­tioned the Lotto, re­quest­ing R400m in f inan­cial sup­port. The money ought not to be a prob­lem as Gideon Sam is chair­man of the Lotto distri­bu­tion board. If the past is any in­di­ca­tion, how­ever, Sam’s scheme is by no means plain sail­ing. Pre­vi­ous al­lo­ca­tions (for ex­am­ple to Cy­cling South Africa) have caused con­tro­versy, es­pe­cially since Sam has asked for com­miss i ons on t hese mul­ti­mil l i on r a nd al­lo­ca­tions. Un­sur­pris­ingly, there have been howls of protest from the pub­lic, and

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