Johannesburg – Despite crashing out the African Nations Championship (Chan) at the first hurdle, Bafana Bafana will pocket $125 000 in prize money for finishing third in their group, it was announced on Tuesday.

The prize money for Chan would total $3.2 million (about R34m) the Local Organising Committee (LOC) said.

The winner of the tournament would earn $750 000 (about R8.1m), the runner-up $400 000 (about R4.3m), and the third and fourth placed teams $250 000 (about R2.7m) each.

The losing quarter finalists would take home $175 000 (about R1.9m) each, the teams placed third in the group stage $125 000 each, and those placed fourth in the group stage $100 000 (about R1m) each.

The tournament, which is being hosted by South Africa, ends on 1 February.

SAPA