Cricket South Africa (CSA) announced on Friday that it will stage a Twenty20 tournament later this year featuring the country's top players and international stars.
South African television company SuperSport will be partners in a deal which CSA acting chief executive Thabang Moroe said would be "the biggest in the history of South African domestic cricket".
A CSA statement gave no details about the format of the tournament, which will be played in November and December.
However, it seems unlikely to be as ambitious as the aborted T20 Global League, which was planned for last season but did not take place.
The Global League was to be a city-based franchise tournament, with foreign owners of seven of the eight teams.
But it fell through, leading to the departure of then CSA chief executive Haroon Lorgat because no television deal and no major sponsors were in place.
Although no details of the number of teams were revealed, it seems unlikely that there will be private ownership of the franchises.
Moroe said the owners who had signed up for last year's league had been refunded their deposits.
The Global League cost CSA an estimated 180 million rand (about $13.7m, 11.7m euros), including compensation pay-outs to 144 players who had been signed.
If all South Africa's leading players are to be available, the tournament will have to start in late November because South Africa will play three one-day internationals and a T20 international in Australia, ending on November 17.