Minister of Sports, Art and Culture, Nathi Mthethwa alongside SAFA president Danny Jordaan confirmed that Banyana Banyana are set to be paid equally to Bafana Bafana.
Desiree Ellis' side will now receive the same base salary as their male counterparts in a historic move for women's football in South Africa.
"It is going to be a law in this country that Banyana Banyana and Bafana Bafana will be paid equally," Nathi Mthethwa announced.
"We are making that decision as the government. It's not only Banyana Banyana but all the women's teams [to be paid equally], we are supporting them as government.
"We've said to SAFA that when we give SAFA money they need to put a sum aside for women in general."
Jordaan also confirmed that the football body will follow a trend occurring throughout the women's game.
"On the African continent, Sierra Leone became the first African country to pay women and men the same, after an agreement between the government and the Sierra Leone football [association]. Brazil now is paying men and women equal. Norway has followed that route, England has gone that route and it's time South Africa follows that route," Jordaan said.
The head of SAFA was speaking at the Banyana Banyana homecoming ceremony held at OR Tambo International airport on Tuesday, to welcome back the South African women's football national team following their triumph at the 2022 AWCON held in Morocco.
Jordaan added that he would soon be meeting with The Minister of Sports Arts and Culture Nathi Mthethwa to find a way around challenges relating to the remuneration of the men's and women's football teams.
Mthethwa also handed over a 5.8 million cheque to the Banyana squad in addition to the R9.2 million bonus for lifting the African Cup of Nations.