|Teams||4 (from 1 confederation)|
|Venue(s)||3 (in 2 host cities)|
|Champions||Argentina (4th title)|
|Goals scored||23 (3.83 per match)|
|Top scorer(s)|| Aurelio González |
The twelfth edition of the South American Championship was held in Buenos Aires, Argentina from November 1 to 17, 1929. The 1928 edition was postponed due to the participation of Chile, Uruguay and Argentina in the 1928 Summer Olympics held in Amsterdam, Netherlands, where Uruguay and Argentina won gold and silver respectively.
For a complete list of participants squads see: 1929 South American Championship squads
|Estadio Gasómetro||Estadio Alvear y Tagle||Estadio Independiente|
|Capacity: 75,000||Capacity: 40,000||Capacity: 57.858|
Each team plays a single match against each of the other teams. Two (2) points are awarded for a win, one (1) point for a draw and zero (0) points for a defeat.
|González 16', 86'
Zumelzú 38', 58'
|M. Evaristo 7'
Ferreira 24', 48'
|Lizarbe 81'||Fernández 21', 29', 43'
González 55', 63', 69'
M. Evaristo 77'
|1929 South American Championship Champions|