R24.4 Million Guaranteed for Bafana Bafana for Reaching Quarter Finals

Bafana Bafana’s remarkable journey in the 2023 Africa Cup of Nations (AFCON) has not only captured the hearts of fans but has also translated into significant financial gains, with the team securing R24.4 million in prize money after qualifying for the quarterfinals.

Under the leadership of coach Hugo Broos, South Africa has been a force to be reckoned with, contributing to the trend of upsets and surprises at this year’s AFCON.

Bafana Bafana are definitely reaping the rewards of their hard work!

Notably, none of the quarterfinalists from the 2021 edition has made it to the last eight in the current tournament.

The remaining teams in the competition include Nigeria, Angola, Congo DR, Guinea, Mali, Ivory Coast, Cape Verde, and South Africa.

Each of these teams is guaranteed at least R24.4 million in prize money, thanks to a 40% increase announced by CAF President Dr. Patrice Motsepe ahead of the tournament.

Motsepe expressed the progress made by CAF in enhancing prize money for major competitions, stating:

“We have increased the Prize Money of the AFCON Winner to USD 7 000 000, which is a 40% increase from the previous AFCON Prize Money.”

The breakdown of prize money for AFCON 2023 is as follows: How much can Bafana Bafana earn?

– Winner: $7,000,000 (R131 million)
– Runners-up: $4,000,000 (R75 million)
– Semi-finalists (2 teams): $2,500,000 (R46.9 million)
– Quarter-finalists (4 teams): $1,300,000 (R24.4 million)
– Round of 16 (8 teams): $800,000 (R15 million)
– The two teams ranked 3rd in their group but fail to qualify for the Last 16 (2 teams): $700,000 (R13 million)
– The teams ranked 4th in each of the 6 groups (6 teams): $500,000 (R9.4 million)

Should Bafana Bafana progress to the semi-finals, their prize money will increase to at least R46.9 million.

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