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South Africa to host $8.5M event in 2013

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JOHANNESBURG (AP) - South Africa will host the second richest tournament in golf in 2013, but it won't have the World Golf Championship status initially promised by the country's national tour.

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Organizers say the Tournament of Hope, with total prize money of $8.5 million, will be staged in South Africa for 10 years. The prize puts it ahead of all four majors and on a par with the money offered at the four WGC events. Only the Players Championship is richer at $9.5 million.

The new tournament is sanctioned by the International Federation of PGA Tours and South Africa's Sunshine Tour, but increases a cluttered end-of-season calendar.

The Sunshine Tour said last year it would be a new WGC event and offer prize money of $10 million, making it the world's richest.

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