The Premier Soccer League (PSL) has officially revealed a thrilling increase in the prize money for the 2024/25 MTN8 tournament participating teams. The champions of this prestigious competition will now walk away with a staggering R10 million, a significant boost from the R8 million awarded in previous seasons. The exciting news was revealed during the official launch of the 2024/25 season on Wednesday, 31 July 2024, marking a significant boost for the participating teams and adding to the anticipation surrounding the tournament.
The MTN8, known for its fast-paced, knockout format, is a highlight of the South African football calendar. The participating teams include the top eight finishers from the previous season’s DStv Premiership (now Betway Premiership).
MTN8 Participating Teams in Quater-finals:
- Mamelodi Sundowns vs. Polokwane City
- Orlando Pirates vs. SuperSport United
- Stellenbosch FC vs. TS Galaxy
- Sekhukhune United vs. Cape Town City

MTN8 Prize Money and Official Launch:
The official launch event was filled with excitement and anticipation as the participating teams, sponsors, and fans eagerly looked forward to the start of the tournament. The increased prize money is expected to further intensify the competition, with each team vying for the chance to claim the title and the substantial financial reward.
Football fans across South Africa can look forward to a season filled with drama, skill, and passion as these eight teams compete for the coveted MTN8 trophy and the R10 million prize. The tournament is scheduled to kick off this weekend, 03 August 2024, and supporters can expect a series of unforgettable matches as the teams battle for glory.
Related article: Confirmed MTN8 Fixtures: PSL Announces MTN8 Quarter-Finals Fixtures