The IRB have decided to reduce the costs of hosting the 2015 and 2019 World Cups due to the global economic crisis.
The SA Rugby board of directors have decided to focus on the 2019 bid, which has been reduced from £120m to £96m. The 2015 tournament will now cost £80 million (it was £100m).
IRB chairman Bernard Lapasset said this was merely the minimum fee required, certain countries could provide more.
“The revised minimum requirements are just that, minimums,” Lapasset said in a statement. “There is nothing to prevent one union bidding the minimum guarantee of 80 million pounds for RWC 2015 and another bidding 100 million pounds.”
“That would lead to a very interesting decision making process next year when the host unions for Rugby World Cup 2015 and 2019 will be decided in July,” he said.
South Africa’s possible rivals to host the World Cup include Wales, Scotland, Ireland, Italy, Australia, Japan and England, while the latter is targeting 2015.