Modise was named Sports Star of the Year, while Mashaba was named Coach of the Year at a function at the Sandton Convention Centre last night.
“This has been an incredible year for the association and its stars,” said Jordaan.
“We hope this will encourage the entire football family to even do better going forward.”
Modise reached a 100-goal milestone during the CAF African Women championships in Namibia last month as the senior women’s national team narrowly missed out on qualifying for next year’s World Cup scheduled for Canada.
“She is a phenomenal goal scorer and her record will take some beating. Portia is a living legend,” added Jordaan.
Mashaba completed a double as he picked up his prize in Johannesburg just hours he had guided his squad to a convincing 2-0 victory over Ivory Coast in the 2014 Nelson Mandela Challenge at Mbombela Stadium in Nelspruit.
Mashaba was flown from the match immediately after receiving his medal in the annual event in Mpumalanga straight to Johannesburg where he beat off the challenge of Swimming South Africa's Graham Hill and Springbok Sevens tactician Neil Powell.
Sakes was rewarded primarily for supervising Bafana's qualification for the Africa Cup of Nations, taking place in Equatorial Guinea from January 17 to 8 February.
Mashaba also safely guided the national Under-20 team to a spot at the 2015 African Youth Championships in Senegal.
Mashaba took over the ailing Bafana in September and got off to a good start with a 3-0 win over Sudan in Khartoum. After a draw in Cape Town against Nigeria, he travelled to Congo where he guided his side to 2-0 victory in Pointe-Noire, followed by a draw in the reverse fixture in Polokwane.
A win over Sudan in the penultimate qualifier in Durban secured qualification to Afcon 2015, which runs from January 17 to February 8. He then came very close to helping South Africa beat the Super Eagles in Uyo, Nigeria when it ended 2-2 with the hosts equalising in referee’s optional time.
The result, however, ensured that the African champions were dethroned before the start of the tournament in Equatorial Guinea as they failed to qualify.
“This has really been a great year for South African football, the gods of African football are really smiling at us, as Shakes always says. As an association we are proud of him as he has brought back the smiles to millions of South Africans who are passionate about Bafana Bafana,” said Jordaan.
“It seems everything he touches turns to gold because he did the same thing with Bafana Bafana as he did with the U-20 squad, our football is clearly heading in the right direction and want to thank this diligent South African. We are glad we made the right choice when we appointed him to lead those two teams.”
Banyana star Noko Motlou and former Bafana defender Lucas Radebe, together with all the national teams who qualified for major CAF tournaments, also received special recognition at the awards.