South Africa have declined to host a tri-series tournament in compensation for the postponed Champions Trophy.

The Champions Trophy, which was to be held in Pakistan from September 12-28, was postponed by 13 months by the International Cricket Council due to security fears.

The Pakistan Cricket Board (PCB), whose players have not played a Test match this year, had hoped to fill the hole in the calendar by playing a one-day series in South Africa.

But those efforts have failed with Cricket South Africa (CSA) stating their players would be on holiday for the rest of September.

"National players will officially be on holidays for the rest of September," a CSA release stated.

CSA, who were entrusted with the task of staging the competition which was also set to feature Sri Lanka, have been unable to contract either a sponsor or a broadcaster for the tournament.

The PCB, however, are still hopeful of the tournament going ahead.

"Only a couple of days ago, a CSA official asked us for details on the proposal," PCB's chief operating officer Shafqat Naghmi said in The News.

"He did say that South Africa's leading players were not interested in playing in a series immediately after their tour of England."

Naghmi, however, admitted that the PCB were also looking at other options.

"We are working on several options and will decide in the next few days as to which idea is the most feasible," he added.