Johannesburg - The Sunshine Ladies Tour on Thursday announced that the record purse for the 2018 South African women's Open Championship is a huge milestone for women's golf.
The purse of R2 million is a marked increase from the prize fund in 2017.
The new title sponsor for the most prestigious tournament on the South African women's professional golf circuit was also announced.
"It gives me great pleasure to welcome Investec as the title sponsor of the 2018 Investec SA Women's Open Championship," said Sunshine Tour executive director Selwyn Nathan.
"Investec have constantly raised the bar since the Sunshine Ladies Tour launched in 2014 and has given us unequivocal and unwavering support as a partner and sponsor for the last four years, in addition to backing three of our top international competitors: Lee-Anne Pace, Stacy Bregman and Nicole Garcia."
"We are extremely delighted and proud to announce this new initiative with the Sunshine Ladies Tour," said Danni Dixon, Head of Marketing for Investec Property.
"We want to position the Investec South African Women's Open as a platform that can aid the promotion and growth of South African women's golf both locally and internationally. High performance resonates with our brand and we want to elevate women's golf."
Thanks to the record prize money of R2-million, the South African Women's Open will also rank among the world's top national opens.
The SA Women's Open at Atlantic Beach Golf Club in Melkbosstrand will bring down the curtain on the 2018 season from March 8-10.
South Africa's Lee-Anne Pace will be targeting a historic fourth consecutive victory next March.
"The South African Women's Open is the one championship every golfer dreams of winning," said Pace.
"I am definitely going to try to win number four, but with such an attractive purse, I believe we will attract top international golfers and I will have my work cut out."
The full 2018 Sunshine Ladies Tour schedule will be announced on Friday, December 1.