The Safa millions that don't exist
Well-placed sources have accused that South Africa's football governing body, Safa, of cooking its books to reflect a rosy bank balance when it is in fact R100m in the red.
Safa allegedly inserted an amount of $10m (R148m) into its 2018 financial statement as cash in the bank. But they claim this amount refers to a donation made by Safa nine years ago, which Safa claims the sports, arts & culture department undertook to repay but hasn’t.
And while the department has denied this, and the only person who Safa claims can verify a department promise — former department director-general Vernie Petersen — died in February 2011.
More in this week's Sunday Times.
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