The Premier Soccer League has announced a new sponsorship for the National First Division.
An announcement confirming that GladAfrica Group will now sponsor the NFD was made following a Board of Governors meeting in Kempton Park this morning.
The league will now be known as the GladAfrica Championship for the next five years.
The winners of the league will pocket R3-million at the end of the season, with the under-23 rule retained and the same format of playoffs at the end of the season, which have been in the second tier for some years now.
The second placed club will pocket R1.5 million and third place gets R1 million.
PSL chairman Irvin Khoza said the GladAfrica Championship matches will be shown on television.
"We are naturally pleased and appreciate GladAfrica's visionary leadership's recognition of the strategic fit in anchoring a developmental football property that the National First Division is. GladAfrica is in the built environment."