Manuel accepts assurance on PSL deal

accreditation

Manuel told a Press conference in Johannesburg on Friday that he had an undertaking from the bank that it would do everything in its power to ensure that the money is used to advance soccer in the country.

According to a report published in Business Times, Absa chairwoman Gill Marcus told the gathering that at no point in time was any commission offered or given to the PSL.

“There is no substance to the allegation that Absa had agreed to pay anything in terms of this 10 percent that would go to administrators.

“There will be no possibility whatsoever that any individual enrichment will come out of the sponsorship we provide,” she said.

Absa CEO Steve Booysen said he believed the bank had done nothing wrong and had acted in a sound way in terms of governance, and would continue to do so in future.

Asked whether Absa would be prescriptive on how the sponsorship money was spent, Booysen said the PSL would be the best people to decide how to advance professional soccer and would support the chairman in his endeavours to run soccer.