'Safa is not broke': Association hits back at reports its coffers are running dry: The South African Football Association (Safa) has dismissed reports that it is in financial distress.
Reports claimed Safa was about to introduce retrenchments that would see the association lose a significant number of its administrative staff due to cost-cutting measures last year.Last year, TimesLIVE reported the association was not able to appoint permanent junior national team coaches because it didn’t have money to pay them.“We want to deal with this notion of saying everywhere you read about Safa it is said that ‘Safa is a bankrupt association.
“Even though we have publicised our financial statements every year, people still decide to disregard them. However, Hluyo couldn’t say whether the association had made a profit or loss in its last financial year, saying only the media needs to check its published audit report. “Safa’s finances are healthy and in order. In fact over the last 20 years, we have been receiving unqualified audit reports.
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