BAFANA BAFANA were demanding R4million more from Safa than Brazil received from Fifa for winning the Confederations Cup.
The Samba Kings pocketed $3,75million(about R30million) while Bafana had threatened not to play in the tournament unless they got R34million from the South African Football Association.
This is the first time that Fifa, the world soccer governing body, has paid prize money for the eight-nation Festival of Champions. The incentive from Fifa goes to national associations.
Raymond Hack, Safa chief executive, said: "The money won by Bafana Bafana during the Confederations Cup goes to the association. The association funds the programmes of Bafana Bafana, we are accountable for the income and expenditure. That money will benefit football in South Africa."
Bafana won $2,25million (about R18million) for finishing fourth.
Each of the 23 Bafana Bafana players who participated in the Confederations Cup will receive a bonus of R135000 as per their agreement with Safa. The association promised each player R90000 for a win and R45000 for a draw.
Bafana won one match, beating New Zealand 2-0, and played to a goalless draw with Iraq.
Bafana Bafana players had earlier demanded R34million to be shared among themselves for winning the tournament, but Safa offered them R14million.
They ultimately accepted Safa's offer and went on to make South Africans proud for a change, despite failing to win a medal.
Losing finalists the US received $3,25million. Spain got $2,75million for beating Bafana Bafana 3-2 in a third-place playoff. Italy, Egypt, New Zealand and Iraq each got $1,4million.