SAFA Chief Financial Officer Gronie Hluyo has broken silence on the South Africa Football Associations financial state during a media briefing that was held at SAFA House on Friday.
The media briefing which was attended by Banyana Banyana coach Desiree Ellis, Technical Director Walter Steenbok and Advocate Motlanthe addressed different issues including the state of the association finances and Banyana Banyana preparations for the 2023 FIFA Women’s World Cup team which will be held in Australia and New Zealand later this year.
SAFA CFO Gronie Hluyo has emphasised that SAFA finances are in order with more funding earmarked for the current financial year. Hluyo has added that SA governing body receives annual funding from CAF and FIFA.
“Fortunately SAFA is not broke, its finances are well and very much in order and if there is any doubt, the media is free to check our financial reports on our website,’’ said CFO Hluyo.
“On top of that, SAFA has good governance structures comprising, amongst others, the Finance, Audit and Remuneration sub-committees. There is proper accountability within our finances. We have never failed to honour our obligations to our service providers and we pay our utility services on time. We have funding for all our competitions and national teams.
“With grants from FIFA both for operation and other projects, SAFA’s finances can only get better.”
“SAFA is on a sound financial footing,’’ said Hluyo.
Furthermore, Hluyo indicated that the association had long-term sponsorship agreements with various corporates, which include the public broadcaster SABC, Multichoice (Showmax), Motsepe Foundation, Banxso and HollywoodBets among others. The Association was also busy negotiating with various other potential partners that include a banking institution and a motor vehicle company.