New Delhi, March 3 -- Reigning champion South Africa will not be staging a men's Rugby World Cup any time soon, SA Rugby chief executive Rian Oberholzer said on Monday.

New Zealand won't be either.

Together, the countries have won seven of the 10 Rugby World Cups and contested the most recent men's final in 2023. But Oberholzer believed neither of the game's greatest nations can make hosting financially viable and generate the World Cup revenue needed by the game.

"We have moved away from that philosophy that everybody must get an equal chance to host a World Cup," Oberholzer said at a news conference.

"New Zealand and South Africa will not make the money out of a World Cup that World Rugby needs. I don't think it is a negative on us,...