He says, however, that they do have money to buy new players.

"Let's say we have a budget that allows us to be competitive. Obviously, we will never be able to compete with the likes of Kaizer Chiefs, Orlando Pirates and Mamelodi Sundowns, but you don't need to have that sort of money to be successful, as other clubs have proven," says Ferreira, who has moved across from SuperSport United to the Clever Boys.

So far the club have made just one definite signing for the upcoming campaign in hard-working midfielder Matthew Pattison.

Wits are tying up a deal with former Bafana Bafana captain Aaron Mokoena, although he is still under contract with Portsmouth and the signing of the central defender cannot be confirmed until his relationship with the English League One club is decided.

Ferreira says there will be another three signings by the end of the week but that this not about bringing a finite number of players into the club for the new season.