Chris Nenzani was elected as President and Dr. Peter Cyster as Vice-President at the Annual General Meeting of Cricket South Africa on Saturday. Nenzani will automatically serve as chairman of the Board of Directors as well.
The other five non-independent directors were elected as follows: Andy O'Connor, Beresford Williams, Graeme Sauls, Fa-eez Jaffar, Rihan Richards. Eugene Pretorius, Rudi Claasen and Leon Crawley withdrew from the election.
Nenzani, the President of the Border Cricket Board, told reporters at the Wanderers: "We have come from a very difficult period and if you had asked me a year ago if there was a crisis, I would have said 'Yes'.
"But we have now gone beyond those trying times and we are looking forward to a very promising future.
"We will be checking our governance structure to ensure we regain public confidence and we must remember that the role of the administration is to remain in the background while the players are at the forefront."
The five independent directors were elected as follows: Advocate Norman Arendse, Dawn Mokhobo, Vusi Pikoli, Louis von Zeuner and Mohamed Iqbal Khan.
The following were elected to the audit committee: Vusi Pikoli, Louis von Zeuner and Mohamed Iqbal Khan. Von Zeuner will chair this committee.
The meeting confirmed South Western Districts' status as a full affiliate member of CSA without exception after being a conditional affiliate from the previous annual general meeting.
The annual financial statements were presented and unanimously approved. CSA has realised an operating loss of R47-million for the 2012 year compared to a profit the previous year of R295-million.
Because of the reliance on broadcast income there will be a loss again next year and thereafter the company will return a substantial profit. This is why there is a rolling budget over a four-year period.
The cash flow position remains extremely strong with a cash reserve of R474-million.