The clubs will battle for honours at Nelson Mandela Bay Stadium in Port Elizabeth on Saturday (18h00), with the runners-up set to receive R1.5m.
Kaizer Chiefs and Bidvest Wits were paid R750 000 apiece for reaching the semi-finals.
Teams that bowed out in the quarter-finals each got R400 000.
Telkom put forward R14.2m in total prize money, which includes participation fees for the 16 Absa Premiership sides.