Question NW2215 to the Minister of Sport, Arts and Culture
15 June 2023 - NW2215
Mhlongo, Mr TW to ask the Minister of Sport, Arts and Culture
What (a) amount from the Legacy Trust Fund of the SA Football Association (SAFA) has been spent to date, (b) is the breakdown of what the amount was spent on and (c) amount is left in the Legacy Trust Fund?
Reply:
In responding to these questions, SAFA have submitted a closeout report of the Legacy Trust which responds to the amounts spent and documents that detail the work done by the Legacy Trust, see the Financial Overview as at 28 February 2022
(a). TOTAL EXPENDITURE: R 610,754,230
(b). ORIGINAL INVESTMENT: R 450,762,916
Income:
• Interest received: R 160,060,913
• Other income: R 56,112
TOTAL INCOME (SUB Total): R 160,117,025
TOTAL INCOME (+ Original) R 610,879,941
Expenditure
• Admin & Related: R 69,478,409
• Grants paid: R 541,275,821
(c). AVAILABLE BALANCE: R 125,711
See attached document below :