A reduction in expenditure owing to no activities by teams due to Covid-19 is among the major contributorsThe lack of activity of the national teams due to Covid-19‚ a relief package from global ruling body Fifa and extensive streamlining and reorganisation will result in the SA Football Association posting an expected R60m surplus in 2020.
Safa’s CFO Gronie Hluyo said streamlining‚ global ruling body Fifa’s Covid-19 relief and a reduction in expenditure due to lack of activities‚ mostly national teams being out of action‚ are the main reasons. “We have been streamlining in a number of areas. After reporting a loss last year we had to pause and come up with a turnaround strategy that involved cost-cutting in a number of areas.
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