South African Football Association (SAFA) notes with interest the media reports about the Association being R100 million in the “red” after a joint media briefing between the Association and SASCOC on Tuesday, 5 March 2013.SASCOC reported to us that they examined our Audited Financial Statement that was finalised in June 2012 and had some questions regarding some figures that were not clear to them. The only item SASCOC enquired about in the meeting was whether the Association was still a going concern. We requested SASCOC to provide us with further detail on their concerns, which they undertook to do.However, SAFA pointed out to SASCOC that these answers were indeed given to our auditors in June 2012, along with a financial and asset management plan to retain the going concern status of the organisation. The plan was accepted by the auditors and has been implemented over the past 8 months.The auditors then produced an unqualified audited financial statement having satisfied themselves that SAFA is a going concern. The audited financial statements were subsequently tabled and accepted by the SAFA Annual General Meeting in September 2012.SAFA’s operations have proceeded normally since the publication of the 2011-2012 financial statement, having raised new and utilising existing revenue from various sources such as the SAFA-FIFA Legacy Trust, sponsorships, membership fees, disposal of assets and streamlining of its operations to produce an efficient administration and governance structure.The Association also has valuable properties such as Bafana Bafana, Banyana Banyana, its Second Division League and many Provincial and Regional competitions that will guarantee future income – which forms the basis of a going concern.