THE South African Schools Football Association's revamped Kay Motsepe Cup, which will be launched on Thursday, will be sponsored to the tune of R40 million for four years.
Giant insurance company Sanlam has come on board as co-sponsor of this yearly tournament with Ubuntu-Botho Investments.
Mamelodi Sundowns president and mining mogul Patrice Motsepe is the chairperson of Ubuntu-Botho Investments. The tournament is named after Motsepe's late mother, Kay.
Sowetan has learnt that the deal will be signed by the three parties in Sandton today or tomorrow, depending on when Motsepe, who is directly involved in the negotiations, returns from the World Economic Forum in Davos, Switzerland.
Sowetan can also reveal that the Presidency will be involved in the tournament through the legends programme initiated by Deputy President Kgalema Motlanthe.
This is in line with the initiative by Motlanthe to revive the once-popular sports days at schools on Wednesdays.
The soccer legends will conduct coaching clinics at schools to help develop young players.
Motlanthe, who played semi-professional soccer in Meadowlands, Soweto, and Pretoria, said reviving sports days on Wednesdays will help produce quality athletes.
In the past the sponsorship was worth R10million for four years. More than 3000 schools take part in the Kay Motsepe Cup every year. Winners and runners-up from all nine provinces qualify for the national playoffs. Mokopane Academy, guided by Andries Sebola, won the event last year.
Full details of the tournament will be released at Thursday's launch. This year's national playoffs are set to take place soon after the World Cup .