thumb|right|250px|The Argentine team, winner of the tournament
The twelfth edition of the South American Championship was held in Buenos Aires, Argentina from 1 to 17 November 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.
The participating countries were Argentina, Paraguay, Peru, and Uruguay, while Brazil, Bolivia, and Chile withdrew from the tournament.
Argentina won its fourth continental title.
Squads
For a complete list of participants squads see: 1929 South American Championship squads
Venues
{| class="wikitable" style="text-align:center"
|-
! colspan=2 | Buenos Aires
! Avellaneda
|-
| Estadio Gasómetro
| Estadio Alvear y Tagle
| Estadio Independiente
|-
| Capacity: 75,000
| Capacity: 40,000
| Capacity: 57,858
|-
| 150px
| 150px
| 150px
|}
Final round
Each team plays a single match against each of the other teams. Two points are awarded for a win, one point for a draw and zero points for a defeat.
{| class="wikitable" style="text-align:center"
|-
! width=165 | Team
! width=20 |
! width=20 |
! width=20 |
! width=20 |
! width=20 |
! width=20 |
! width=20 |
! width=20 |
|- align=center bgcolor=gold
| align=left |
|3||3||0||0||9||1||+8||6
|- align=center
| align=left |
|3||2||0||1||9||4||+5||4
|- align=center
| align=left |
|3||1||0||2||4||6||−2||2
|- align=center
| align=left |
|3||0||0||3||1||12||−11||0
|}
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{| width=92%
|-
|
|
|}
{| width="100%"
|valign="top" width="50%"|
{| style="font-size: 90%" cellspacing="0" cellpadding="0"
|-
!width="25"|
|-
|GK || Ángel Bossio
|-
|RB || Oscar Tarrío
|-
|LB || Fernando Paternoster
|-
|RH || Juan Evaristo
|-
|CH || Adolfo Zumelzú
|-
|LH || Alberto Chividini
|-
|OR || Carlos Peucelle
|-
|IR || Juan A. Rivarola
|-
|CF || Manuel Ferreira (c)
|-
|IL || Roberto Cherro
|-
|OL || Mario Evaristo
|-
|colspan=4|Manager:
|-
|colspan="4"| Francisco Olazar
|}
|valign="top"|
|valign="top" width="50%"|
{| style="font-size: 90%" cellspacing="0" cellpadding="0" align="center"
|-
!width="25"|
|-
|GK || Andrés Mazali
|-
|RB ||José Nasazzi (c)
|-
|LB || Pedro Arispe
|-
|RH || Gildeón Silva
|-
|CH || Lorenzo Fernández
|-
|LH || Álvaro Gestido
|-
|OR || Conduelo Píriz
|-
|IR || Héctor Scarone
|-
|CF || Héctor Castro
|-
|IL || Pedro Cea
|-
|OL || Antonio Campolo
|-
|colspan=4|Manager:
|-
|colspan="4"| Alberto Suppici
|}
|}
{| width=100% style="font-size: 90%"
|
<br />Linesmen:
<br />
<br />
|}
Result
Goal scorers
thumb|150px|Aurelio González, top scorer
5 goals
- Aurelio González
3 goals
- Manuel Ferreira
- Diógenes Domínguez
- Lorenzo Fernández
2 goals
- Mario Evaristo
- Adolfo Zumelzú
1 goal
- Roberto Cherro
- Carlos Peucelle
- Nessi
- Agustín Lizarbe
- Juan Andrade