South Africa's Olympic hopes boosted by new funds

JOHANNESBURG (Reuters) - South Africa's Olympic prospects were boosted on Friday when sports officials received more than 80 million rand (6.53 million pounds) from the government and national lotteries to help with their preparations for the London Games.

"This amount is an attempt to boost the morale and readiness of our team," sports minister Fikile Mbalula said after handing over a cheque for 34.2 million rand to officials from the Sports Confederation and Olympic Committee (Sascoc).

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