SASCOC distributed a statement in which they confirmed their acceptance of a R1.3 million (£76,500/$100,000/€85,500) settlement offer from Hollard Insurance.

It followed a July 2013 defamation claim after a series of online articles and a tweet.

SASCOC claim these were "unjustified and defamatory".

They have now withdrawn their action and will receive the R1.3 million figure in addition to their legal costs.

"The settlement offer is a clear indication that, despite Joffe’s numerous allegations and challenges to SASCOC, he was unable to substantiate or provide evidence that would have stood up in court," SASCOC said in a statement.

"Hence the offer to settle is an acceptance of his misconduct."

However, Joffe denies any involvement in the settlement.

He issued a statement published by Eyewitness News "to set the record straight after all the factually incorrect and misleading media reports which were mostly copied and pasted from a SASCOC press release and the SASCOC website".

"Not one sports journalist even called or emailed me for a comment or to confirm or deny the SASCOC PR spin," he added.

"So, for the record: I did not settle with SASCOC, I did not pay them one cent and there was no apology or retraction.

"I will never ever apologise for telling the truth.

"Everything I have reported on was factually correct and the truth will all one day prevail, SASCOC is a totally corrupt organisation.

"Hollard Insurance took a business decision to settle with SASCOC which I was vehemently opposed to."

It comes after SASCOC chief executive Tubby Reddy was suspended from his position following allegations of sexual harassment.