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City Press reports that the cash-strapped SA Football Association (Safa) plans to reduce salaries for high-earning employees to stave off bankruptcy and liquidation. Finance committee chairperson Mxolisi Sibam tabled that proposal at a national executive committee (NEC) meeting in Mbombela last Tuesday.
The salary cuts will range from 5% to 25% and will only affect employees who earn more than R600,000 a year, according to an NEC member who attended the meeting. “Sibam said this was part of the association’s plans to reduce its salary bill by R10 million to under R35 million per year,” the member indicated. Sibam sounded the alarm and made it clear that if something drastic was not done, Safa could be liquidated as it has liabilities of more than R260 million.
Those who could be affected include CEO Lydia Monyepao and her executive management team, chief financial officer Gronie Hluyo and marketing executive Errol Madlala. It is not clear whether technical team members, who include Bafana Bafana coach Hugo Broos, Banyana Banyana coach Desiree Ellis, incoming technical director Molefi Ntseki and Bafana team manager Vincent Tseka would be affected.
Broos is believed to be Safa’s highest-paid employee, with a monthly salary reportedly exceeding R1 million. But another insider said: “Broos is unlikely to be affected because he has already told Safa that he will retire after the World Cup. The salary cuts are subject to NEC approval, and the recommendations were referred to the next meeting on a date yet to be determined.
- Read the full original of the report in the above regard by Tiisetso Malepa at City Press (subscription / trial registration required)
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