South African footballers pay 5-million rand for own nickname

South Africa's national soccer team finally owns the rights to its own nickname.

As fans of last summer's World Cup might remember, the team was dubbed Bafana Bafana, but the rights to the name were privately held by Johannesburg-based licensing company Stanton Woodrush. The company purchased the rights to the slogan twenty years ago, and after much dispute is finally selling it to the team.

The football squad will pay 5 million rand (approximately $730,000) for the name in installments over 12 months.

We feel very happy about the acquisition of the Bafana Bafana name which allows us to exploit this great brand for the good of the game, South African Football Association (SAFA) president Kirtsen Nematandani told reporters in South Africa.

In Nguni, Bafana means boys, and the epithet can roughly be translated to mean our boys or go boys!