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'Safa not concerned by finances'

The football body's income statement showed it ran at a loss of R46m last year.

The football body's income statement showed it ran at a loss of R46m last year.

JOHANNESBURG - The South African Football Association (SAFA) says it's not overly concerned by its current financial situation despite the organisation's income statement showing that the football body ran at a loss of R46 million last year.

Safa was also forced to dip into its financial reserves last year which stood at R42 million.

Those reserves have now been entirely depleted.

Safa CEO Dennis Mumble says the organisation is fine financially.

"We have embarked on a cost-cutting programme which I think we have done very successfully. We are way under on spending."