South African World Cup winning skipper John Smit will have one last shot at winning the Heineken Cup this season before heading home to Durban.
The 35-year-old hooker joined Heineken Cup semi-finalists Saracens in 2011 having previously tasted rugby life in the northern hemisphere with a season at ASM Clermont Auvergne.
He has made 42 appearances for Saracens since arriving in England and is looking to go out on a high by helping the club win not only the Heineken Cup for the first time, but also the Aviva Premiership.
Smit will hang up his boots at the end of the season and take over the reins as CEO at his former club, The Sharks, in Durban. He takes over from Brian van Zyl, who has held the post for the past 20 years, on 1 July.
"Even in the short time he has been with us, John has made an outstanding contribution is so many ways. He is a leader and an individual of the very highest quality and, as I'm sure the Sharks know very well, any organization led by John Smit will be in good hands," said Saracens chairman Nigel Wray.
Saracens will meet Toulon in the semi-finals of the Heineken Cup at Twickenham Stadium on Sunday, 28 April. Smit could face two of his former Springbok World Cup winning team mates in that game, lock Bakkies Botha and flanker Dannie Roussoux.
Smit was capped 111 times for the Springboks in a 12-year international career. He represented South Africa at three World Cups, leading the Boks to victory in 2007, and captained the national side in 83 Tests.
The directors of ERC voted unanimously at a Board meeting to postpone all decisions including the release of further instalments of ERC's distributable central revenues to the six shareholder countries until 19 February next when the Board will meet again to reconsider the issue.