The sponsorship commitment, valued at R70m, will provide a much-need injection into addressing athletes' requirements in the lead up to the Rio Olympics.
It is the second major sponsorship that has come onboard with SASCOC in the past month after Telkom committed approximately R8m to the Olympic body, half of which will go towards the medal incentive pot, while the other half would be used to prepare the team for the Rio Games.
Ntshengedzeni Nevhutanda, chairperson of the NLC said: "Besides being the largest funder of sport in South Africa, the NLC has a long standing partnership with the Olympics and Paralympics through its relationship with SASCOC. We are very honoured to extend this association in the interests of our athletes who will be competing with the greatest of world sports.
"Through this historical alliance, we at the NLC have seen our athletes perform at the Olympics since South Africa was re-admitted into the global sports organization. We have witnessed the outstanding achievements of our sportsmen and women who have, on numerous occasions, brought us glory. The NLC is confident that our on-going partnership with SASCOC will bring continuous development and further success for our athletes.”
Gideon Sam, president of SASCOC said: "SASCOC would like to thank the NLC for the huge sponsorship they have contributed to Team SA. This relationship with the NLC is not new but dates back from the time when we re-entered the Olympic movement. The NLC has been involved in funding our development and OPEX programmes which ultimately results in the preparation of our world class athletes.