SOUTH AFRICAN F.A. ANNOUNCES 23.1 MILLION RAND PROFIT

JOHANNESBURG, The South African Football Association (SAFA) has announced a profit of 12.1 million Rand (about 1.68 million US dollars) this year.

The result , announced at the association’s annual congress at the Sandton Convention Centre here Sunday, represents a big turnaround in the association’s coffers; last year SAFA recorded a huge loss of 45 million Rands.

The congress also took a number of decisions which include bringing the 2018 elective congress from September next year to March. The move to bring forward the elective congress was informed by the fact that the national football team, Bafana Bafana, have failed to qualify for the 2018 FIFA World Cup.

The idea to move the SAFA elections to September next year was taken last year in order to allow smooth preparations for the team and to give the new incoming executive a clean start to the World Cup cycle. Now that the team has failed to qualify for Russia, the Congress unanimously agreed to bring the elections forward to March.

The SAFA Congress on Sunday also agreed to make Zululand president Jeremiah Mdlalose an honorary member of the SAFA National Executive Committee NEC), joining Obakeng Molatedi, Henry Mosesi, Lesole Gadinabokao and former SAFA president Molefi Oliphant.

The congress was chaired by SAFA President Danny Jordaan, who lauded all members for a successful 2017. Jordaan said SAFA’s investment of over 100 million Rand in the National Technical Centre represented a commitment to develop a global benchmark of the development of internationally competitive teams having Provincial Academies among others.

Source: NAM NEWS NETWORK