SAFA Incurs R2.2m Loss In 2022 Financial Year Statement

The South African Football Association (SAFA) has confirmed that in its audited financial report for 2022 it has incurred a loss of R2.2 million.

The loss was confirmed by SAFA CEO Tebogo Motlanthe after the Ordinary Congress on Sunday.

The congress did not take place in 2022 and so the books of SAFA were not declared in public, according to Motlanthe.

The congress went ahead as planned despite the Premier Soccer League (PSL) having confirmed that it will not attend it because they are understood to be annoyed by certain proposals that were going to be proposed by the SAFA board, snubbing both the workshop Indaba on Friday and Saturday, as well as the congress on Sunday.  

“Remember in 2022 we did not have this congress, today’s congress was covering the 2022 financial year,” said Motlanthe.

“Where people have been asking about our financial year and the CFO [Gronie Hluyo] has explained to members here, together with the finance committee that we have incurred an R2.2m loss. As a norm, our finances will be publicised [on our website].

“If people have questions about those finances they can feel free to contact us. Also what was key is that Sondlo Accountants, who are the ones dealing with our books, came on stage and said to the members that they found nothing wrong.

“As a result, they said the books of SAFA are qualified. So we don’t have any reports of problems.”  

Motlanthe said SAFA Technical Director Walter Steenbok is working on the modules for CAF Licenses and those modules will be submitted to the mother body of African football soon.

With Castle having cut ties with the association after two decades, a deal that brought in a reported R10-million in their 2022 financial report, Motlanthe confirmed they are going to confirm two sponsors – one is mainly for Bafana Bafana and the other for regional leagues.

He said they will also hold talks with public broadcaster, SABC, whose contract is coming to an end in September.

“The two highlights are, how do we generate income? The CFO has put many proposals which now the NEC has put an ad hoc committee together to say ‘make things to a concrete plan and come to us as NEC and give us a final plan on income generation’,” added Motlanthe.

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“All of us see the economy is not what it used to be and of course, your traditional sponsorships are no longer a way to go.”

Motlanthe was also bullish that they are the right administrators of football in the country as per FIFA guidelines despite their long bitter feuds with the PSL.

This, also despite the fact that COSAFA Cup competitions have been held in the country with little knowledge of the SAFA, which has angered the association.  

“The federation still has control,” said Motlanthe. “When we speak to COSAFA, we are exercising our control. When we decided to run to COSAFA, it was part of our exercising control.

“Like I said, I would not call the PSL a snubbing. We must get reasons before we can say ‘are these reasons justifiable for their no-show?’”