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SAFA clarifies related party loans in draft financial statements – South African Football Association

11 March 2026 – The South African Football Association (SAFA) wishes to categorically set the record straight and dispel the misleading narrative currently circulating regarding related party loan balances amounting to R1.774 million as reflected in the draft Audited Annual Financial Statements (Note 19 – Related Parties) that were scheduled for discussion at the previous

The post SAFA clarifies related party loans in draft financial statements appeared first on South African Football Association.

11 March 2026 – The South African Football Association (SAFA) wishes to categorically set the record straight and dispel the misleading narrative currently circulating regarding related party loan balances amounting to R1.774 million as reflected in the draft Audited Annual Financial Statements (Note 19 – Related Parties) that were scheduled for discussion at the previous National Executive Committee (NEC) meeting.

Contrary to the insinuations being made by some NEC members who are clearly hellbent on tarnishing the image of the Association, these amounts do not represent irregular payments or advances of funds to NEC members, or unauthorised benefits and undisclosed transactions. They arise from the National Executive Committee (NEC) Motor Vehicle Scheme, a structured governance support programme implemented by SAFA in 2015.

Under this scheme, SAFA secured a loan facility from a financial institution to procure vehicles on behalf of NEC members who voluntarily elected to participate. The vehicles were acquired by the Association and allocated to participating members strictly in terms of signed loan agreements between SAFA and the respective NEC members. These agreements clearly stipulate that the participating NEC members are fully responsible for reimbursing SAFA for the value of the vehicles.

It is therefore important to emphasise that these are recoverable amounts, governed by legally binding agreements, and not grants or financial benefits as some have misleadingly suggested. We must also state that this NEC Members Vehicle Scheme was a once-off arrangement and is no longer available.

Equally concerning is the fact that some of the individuals now attempting to cast aspersions on this scheme were beneficiaries of this NEC Motor Vehicle Scheme. They participated and benefited fully from these arrangements when the vehicles were procured. Their current posture therefore raises serious questions about the motives behind the deliberate mischaracterisation of this matter.

SAFA will not allow misinformation, selective interpretation of financial statements or disclosures, or politically motivated narratives to undermine the integrity of the Association or its governance structures.

The Association reiterates that the scheme was implemented through formal agreements and established financial processes in 2015. SAFA remains committed to transparency and accountability in all financial matters and will continue to provide clarity where necessary regarding the administration of its programmes.

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