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Safa set to announce another profitable year

The South African Football Association's financial recovery looks set to continue and the governing body is expected to announce a profit for the second year running at its extraordinary congress in Cape Town tomorrow.

Safa posted a R10-million surplus in the last financial year and while the auditors are still tallying the final numbers for the year ended June 30, chief executive Dennis Mumble told Sowetan they have already surpassed last year's returns by a comfortable margin.

''We are going to report a better position than we did last year," a confident Mumble said. ''There are one or two things we are finalising with the auditors but it is not going to change the numbers. So I am confident we are going to report better results than last year."

Safa's current stability is a lifetime away from the 2012-2013 financial year when the then dysfunctional football body reported a loss of R46-million. The move back into the black began in 2013 after cost-cutting measures reduced spending drastically and saw the body post a R10-million surplus.

While Safa officials are now watching every penny like hawks, there is very little they can do about expenditure on the women's and men's football teams, and the training of coaches.

Coaching development and the remuneration, travel and accommodation costs of the national teams consume a sizeable portion of Safa's annual expenditure.

This year alone Safa had to make provisions for the Africa Cup of Nations in Equatorial Guinea, the Cosafa Cup in Rustenburg, the 2017 Afcon qualifiers, the 2018 World Cup qualifiers, the African Nations Championships qualifiers, the Under-17 World Cup in Chile, the Under-23 Championships in Senegal and Banyana Banyana's Olympic qualifying campaign, among others.

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