The league is expected to be held in the last quarter of this year and one can expect that there will be interested potential Indian investors.
CSA has invited potential bidders through its tendering process with deadline process for 'Expression of Interest' being March 3.
"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," Nenzani said in a media release.
"Today is a landmark day for Cricket South Africa. Early feedback from the marketplace suggests that there is tremendous interestin our Global Destination League from around the globe," Lorgat,said on the announcement.
"We have taken our time and worked hard to reach the point where we are now ready to play in the global #T20 arena. This new #T20 Global Destination League offers great opportunities for investment in South Africa and South African cricket,and we are excited by the number of local and international superstars that will feature in the league.