The deal has extended for three more years, until 2014.
The much-anticipated tournament features the top eight teams from last season in a battle for R8-million winner-takes-all prize, on the weekend of August 3.
The PSL has confirmed that the top four teams from last season have again secured home ground advantage in the quarter-final stage.
The MTN8 tournament dates
- 3, 4 and 5 August (quarter finals)
- 18 and 19 August (semi-finals 1st leg)
- 25 and 26 August (semi-finals 2nd leg)
- 22 September (Final)
"It is crisp, competitive and most of all, it is engaging," PSL Chariman Irvin Khoza says. "It is a season opener; high on talk time. Cup competitions don't come better than MTN8.
"Like a catwalk is to fashion revelation, MTN8 provides a platform and opportunity for supporters and fans to see the revelation of players for the new season."
Reigning MTN8 champions Orlando Pirates will host the opening quarter-final against Bloemfontein Celtic on Friday at Orlando Stadium at 8pm.
The following day SuperSport United host Free State Stars at Peter Mokaba Stadium in Polokwane at 3pm.
On Sunday Moroka Swallows welcome AmaZulu in Dobsonville at 3pm, and Mamelodi Sundowns will square up against Kaizer Chiefs at the Loftus Stadium at the same time.
In announcing the decision, MTN SA's chief marketing officer Serame Taukobong said: "After a successful and mutually beneficial partnership over the past four years with the PSL, which has benefited local football and invested in numerous social upliftment projects, we saw it befitting that we continue to invest in football development in the country, while connecting fans with their passion for the beautiful game through epic football tales and unique competitions."
The Last Fan Standing competition
MTN8 fans can look forward to yet another exciting Last Fan Standing this year competition. MTN will reward the Last Fan Standing and ultimate South African Fan with a trip to watch El Clásico in Spain in 2012/13, plus R1-million in cash.
To stand a chance to win, fans must recharge with a minimum of R10 airtime, and opt in to the competition by dialing *186*8#.
By doing so, fans will be automatically entered into a weekly draw to be selected as one of the weekly finalists to as well go into the final play-offs for the prize.
The competition runs from August 6 to September 8, with the Last Fan Standing announced on the day of the MTN8 Final on September 22.