Banking group renews sponsorship of the Nedbank Cup for another five years
Image: Anesh Debiky/Gallo Images
Nedbank has renewed its sponsorship of the Nedbank Cup for another five years.
The cat was let out of the bag on the new deal by Nedbank head: group sponsorships Tobi Badenhorst during his prerecorded video message made at the PSL Awards at Sandton Convention Centre on Monday night.
Badenhorst said that Nedbank would renew its 10-year sponsorship of the PSL’s premier cup competition.
PSL communications manager Luxolo September confirmed that the deal with Nedbank has been concluded.
“We will make a formal announcement about that. But it’s an open secret that the negotiations are complete‚” September said on Tuesday.
Nedbank first took sponsorship of the Nedbank Cup in 2008 at a value of R400 million over five years. The bank renewed its sponsorship in 2013.
Badenhorst could not be reached for comment.
- TimesLIVE