Cricket South Africa (CSA) has announced plans for a new Twenty20 competition that will be played towards the end of 2017.
It is expected that the #T20 Global Destination League will act as CSA's answer to other lucrative T20 competitions like the Indian Premier League and the Big Bash League.
The format will see eight teams participating and CSA sent out a tender on Saturday with deadlines for "Expressions of Interest" set for March 3.
CSA president Chris Nenzani said: "Our vision is to drive the creation of a new #T20 destination league in South Africa that would energise the sport of cricket in South Africa by creating a global platform for the best-in-class to perform and showcase their talent to a global audience.
"We have received a very favourable response to our plans from the ICC and Member Boards and look to their support in our endeavour.
"We now look forward to another exciting chapter in the evolution of South African cricket and to the whole game benefitting from our new #T20 Global League."
Chief executive Haroon Lorgat added: "It is a landmark day for Cricket South Africa. Early feedback from the market place suggests that there is tremendous interest in our Global Destination League from around the globe.
"We have taken our time and worked hard to reach the point where we are now ready to play in the global #T20 arena."