Safa in the black

29 June 2017 - 07:24 By Mninawa Ntloko
Danny Jordaan. File photo.
Danny Jordaan. File photo.

The SA Football Association expects to be able to report a R33-million profit for the year to the end of June - a huge financial turnaround.

It reported a loss of more than R40-million at its annual congress six months ago.

Safa president Danny Jordaan said the financial situation had improved because of receipts of:

  • R10-million from the SABC;
  • R11.7-million from the Confederation of African Football;
  • R8-million from the Legacy Trust; and
  • R4-million from SA Breweries.

More is expected from other revenue streams.

''The contribution of Fifa ... will be $1.2-million," he said.

''We also have broadcasting revenue from CAF of about R4-million. We have exercised tighter control on expenditure. We did not have [some] meetings and there is more efficiency in terms of the meetings of the regions.

''We [also] saved by exercising more efficiency in terms of our teams.

"The fact that [junior] teams are staying at the national technical centre means they are not staying in hotels any more. This reduced our hotel bill significantly."

Accommodation and air travel are Safa's biggest expenditures and the five-year partnership with SA Airways has had a huge beneficial effect on the financials.

''We looked at areas where we could save," Jordaan said. ''Accommodation, travel, both national and international, and car rentals - those were the three big areas.

- TimesLIVE