Cricket South Africa (CSA) have been awarded US$ 475,000 by the International Cricket Council for topping the Test rankings at the 1st April cut-off date.
It is the second year in a row that the Proteas have received the award, presented to CSA chief executive Haroon Lorgat by his ICC counterpart David Richardson.
They have now held the ranking since August 2012, and are the fourth side, after Australia, England and India, to achieve the distinction.
Australia claimed second place and a prize of US$ 370,000 while India and England received US$ 265,000 and US$ 160,000 respectively for ending the cycle in third and fourth.
"I congratulate South Africa for topping the rankings for the second successive year in our pinnacle format," Richadson said.
"To retain the top Test spot in a season that saw some very interesting, competitive and high-profile series is an achievement to be proud of.
"With the top eight Test sides closely matched, and every side aiming to claim the coveted number-one Test position, I’m looking forward to another exciting, challenging and competitive season, which will go on to strengthen Test cricket’s reputation as the most enduring and respected format."
Lorgat, who also received the symbolic mace that is held by the leading Test side, said:
"I am truly honoured and humbled to receive the Reliance ICC Test prize money, not just on behalf of the players and the team management but on behalf of all South Africans.
"The players appreciate the enormous privilege of representing our country and taking on the responsibility that goes with it."
© Cricket World 2014