London 2012: Medals mean money for South African Olympians

AP, Wednesday 11 Jul 2012

South African sports officials are offering 400,000 rand (about $50,000) to any competitor who brings home gold from the London Olympics

In a statement Wednesday, the South African Sports Confederation and Olympic Committee also offered incentives of 200,000 rand (about $25,000) for silver medals and 80,000 rand (about $10,000) for bronze.

Tubby Reddy, chief executive officer of the country's highest sports body, says winning an Olympic medal is "a huge achievement and something to be cherished for life," but should also be compensated financially because of the sacrifices athletes make.

South Africa won one medal in Beijing, a silver in the men's long jump.

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