Johannesburg - Another global tournament in South Africa has highlighted the international cricket community's faith in the country and its ability to host major tournaments, according to Cricket SA (CSA) acting CEO Jacques Faul.
South Africa was named as host on Tuesday for the Champions League T20 tournament which will be held in October.
"This is very exciting news for South African cricket," Faul said on Thursday.
"It once again underlines the faith the international cricket community has in CSA to organise major international events and also adds tremendous value to the package our various sponsors and affiliates are able to offer the fans in their regions.
"The financial benefits for the game in this country are also substantial and we look forward to welcoming some of the best players from around the world to our country once again."
South Africa has previously hosted the Cricket World Cup in 2003, the ICC World T20 in 2007, the ICC Champions Trophy and the Indian Premier League in 2009 and the Champions League in 2010.
The host nation will be represented by two teams - domestic champions the Titans and the Highveld Lions - in this year's cross-continental competition.
The venues and fixtures would be announced, according to the national federation, once CSA had the "necessary discussions" with prospective hosting affiliates.
Faul, meanwhile, also welcomed the changes made by the International Cricket Council to the playing conditions for one-day international matches.
The changes include the restriction of power plays to the first block of 10 overs and one batting power play of five overs to be completed before the start of the 41st over.
A maximum of four fielders are now allowed outside the 30-yard circle in the non-power play overs, and the number of permitted short pitched balls has been increased from one per over to two.