Bafana Bafana

SAFA announces R10m profit

2014-10-11 14:23
Danny Jordaan (Gallo Images)

Johannesburg - The SA Football Association (SAFA) on Saturday announced a R10m profit for the financial year ending June 2014.

Safa made the announcement at its 24th annual general congress in Johannesburg, revealing that the national soccer body had returned to a position of strength from having recorded a loss of R46m for the previous financial year.

As a result, SAFA announced that the body had reserves of R6m.

In the last financial year it had a negative reserve balance of R4m.

Mandela award

Ndileka Mandela, eldest granddaughter of former president Nelson Mandela, accepted a posthumous award on behalf of the Mandela family at the congress.

"I must say that I am truly humbled to be standing here on behalf of granddad," Mandela said after receiving the award from Minister of Sports and Recreation, Fikile Mbalula.

Mandela, along with former presidents Thabo Mbeki, Kgalema Motlanthe and FW de Klerk were honoured in Johannesburg on Saturday morning for their service and contribution to football in the country.

Read more on:    safa  |  bafana bafana  |  soccer

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