Cricket was stable for now but sources of revenue needed to be stabilised and diversified in future,
"Costs are rising and revenue is not rising at the same time so it's a piece of work we will tackle," he told Parliament's sport and recreation portfolio committee.
Cash reserves dropped from R475m in 2011/12 to R299m in 2012/13.
Hluyo said there were two reasons for a drop in revenue - the global economy, which saw corporates slash sponsorship budgets, and the bad publicity from match-fixing over the past two years. - Sapa
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