"This is truly a win-win situation for all the stakeholders in South African cricket," said Nenzani.
"It has now been 8 years since we last hosted a major ICC tournament. In the intervening years, our fans have only been able to see the world's best players during bilateral tours. With this new #T20 Global Destination League, we present an opportunity for these players to be seen in South Africa on an annual basis," added Nenzani in a media statement.
"It has also become a trend for the franchises in these competitions to appoint past icons to their coaching staff, and this will have further benefits for the game. The opportunity is there for our own players and coaches to interact with the best, and this has particular significance for those of our players who have yet to play international cricket to test their ability at a very significant level," Nenzani added.
More From This Section
The process for securing international players will be closely monitored to ensure proper procedures are followed and NOCs are received by the respective home Boards, said the statement.
Lorgat had conceded that one of the major considerations before announcing the launch of an ambitious Twenty20 Global Destination League was losing key South African players to the KOLPAK agreement.
"Yes I must say that when we conceptualised a franchise-based T20 league the KOLPAK was a major consideration. Obviously, you want to give opportunity to the South African players to grow and also make a career out of cricket.
"Earlier, the only way to have a good career was to play for South African national team but this league with eight teams will have 88 slots for Proteas players," Lorgat had told PTI.