Premier Soccer League (PSL) chairman Irvin Khoza has revealed that they are in discussions over a new sponsor after Absa decided against renewing their deal.
The major bank company has enjoyed a 16-year relationship with football in South Africa, 13 of which (since 2007) have been as sponsor of the Absa Premiership.
But Khoza says that the organisation has already lined up a number of potential new sponsors, although they are primarily focused on restarting the 2019/20 season.
Khoza told IOL Sport: "We've got four companies at the moment (who want to sponsor the league).
"The economy is not in a healthy state, but we are trying to find the best ways to position our proposals.
"It is a very difficult one. Having said that, we are working very hard (towards finalising a deal).
"At the moment though our main focus is on how to restart the season. Remember, we still have to finish the old season before we can say too much about the new season.
"Right now, we are waiting for the government to give us the go-ahead."
Bidvest, a South African service, trading, and distribution company, is currently the sponsor of Absa Premiership side, Bidvest Wits.
Wits have since sold the club's top-flight status to Tshakhuma Tsha Madzivhandila Football Club (TTM).
The Clever Boys were due to celebrate their 100th anniversary next season having been founded in 1921.
With TTM replacing Wits next season in the top-flight of SA football, it opens the door for Bidvest to sponsor the Premiership - if the reports are true.
Telkom is currently the head sponsor of the Telkom Knockout and has been involved with the PSL since 2006.
According to the PSL's latest annual financial report, Telkom spent in excess of R57 million per year during its involvement in the knockout tournament.
The Soccer Laduma website reported that last season's Telkom Knockout was the last edition that the telecommunications provider would be sponsoring the tournament.
- TEAMtalk media