R600 million needed to complete SAFA's Fun Valley Resort project - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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SAFA is racing against time to fix the SAFA Technical Centre. SAFA bought the Fun Valley Resort back in 2015 to transform it into a fully-fledged technical centre.

But SAFA’s chief financial officer has revealed that the Association will need a massive R600 million to complete the project.

In the long run, this would save SAFA a lot of money without having to worry about bills and other training fields for each team. “The project funding FIFA increased from 2 million per cycle which is per four years to 3 million per four years so in rand terms 2 million is R34 million per cycle which we used to get now we are going to be getting R51 million over a four-year cycle. With the project funding what we plan to do is to use this money to develop the fun valley project, you are aware that we’ve got this property fun valley and we are going to be using the project funding mostly for that,” says Hluyo.

“At least the centre is now usable. You know the teams can stay there and they can also play there. But I must say there’s still a lot to be done and funding is the constraint. So, we are trying to get as much financial support as we can. I say FIFA is giving us money for projects and we are going to use that. We are also approaching some with that project and corporates who can assist us with that project and government which should also be able to assist us here.

 

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