The South African Football Association (Safa) announced a record R23.1 million turnover in profit at their annual congress at the Sandton convention centre on Sunday.

The association’s massive turnaround in profit made amends for their huge R45m loss they suffered last year.

Safa president Dr Danny Jordaan confirmed the associations turnaround was due to the signing of Nike, South African Airways, SABC, Siyaya, Avis, Burger King and the renewal of contractual obligations with South African Breweries, Energade and Sasol.

“On this front, the challenge has been great. The CEO and his team have done an excellent job of managing this difficult process, and I am pleased to announce that we have once more turned the corner to profitability,” Jordaan said.

Safa CFO Gronie Hluyo revealed that strict financial controls resulting in the big turnover in profit this year.

He also insisted that the association had cut down on the national teams accommodation as it was now utilising the National Technical Centre.

However, the 2018 budget has now been set at R305m compared to R341m that was issued to the association last year.