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Dubai: The ICC executive board made a "unanimous" decision in a teleconference after its executive committee made the recommendation last week.
The eight-team mini world cup was originally scheduled to take place in Pakistan but was postponed last year and then switched due to security concerns.
The Wanderers stadium in Johannesburg and Centurion in Pretoria were identified as preferred venues subject to conclusion of satisfactory commercial terms, an ICC release said.
The trimmed event this time will be played over 12 days. "I think the board has made a sensible decision that will give the event every chance of success," ICC president David Morgan said.
South Africa jointly hosted the ICC World Cup 2003 with Zimbabwe and Kenya and the Twenty20 World Cup in 2007.
The ICC board confirmed the dates for next year's World Twenty20 in the West Indies from Apr. 30 to May. 16. Matches will be staged in St Lucia, Barbados and St Kitts, which will simultaneously stage the women's tournament.
