This was confirmed by SAFA top brass and president Danny Jordaan, who is in Brazil on FIFA assignment for the Brazil 2014 WC.
According to Sowetanlive, Jordaan confirmed the withdrawal.
“We have decided to give it back after the Fifa executive took a decision to link the Under-20 tournament and the senior World Cup finals,” Jordaan said.
“The decision to link the two tournaments was taken after we were given the Under-20 World Cup. It is a similar arrangement to the Confederations Cup and the [men’s] World Cup.
“The Under-20 World Cup will be used to test the readiness of the country hosting the tournament for the seniors. As you are aware, we announced earlier this year that we are going to bid to host the 2019 Women’s World Cup for seniors.”
With numerous factors affecting the economy and never-ending strikes the decision should be welcomed.