We are very privileged to be here and we feel we can win this
Wales, the only team have beaten New Zealand in the history if the IRB Junior World Championships are determined to repeat that feat.
And hosts South Africa hope to end their poor run in recent years when they tackle Argentina in the other semifinal in Cape Town on Sunday.
However, the dream Final will be for Dawie Theron's Bokkies to tackle the Baby Blacks at the Newlands Stadium next Friday, June 22.
Yes, Wales have big ambitions and Argentina are determined to avenge the defeats they suffered at the hands of the Baby Boks in a pre-tournament warm-up series.
But there is little doubt there is no bigger challenge than South Africa against New Zealand on the rugby field.
As Baby Bock utility forward Pieter Steph du Toit said, "everything is going according to plan" and the stage is set for that dream Final.
There is no doubt it will mean a lot to the hosts get into the Final.
"No young-Boks team has ever won the Junior World Cup and if we can get to that Final we just have to win this thing," Du Toit said.
Wales are determined to spoil the party.
Having stunned the Kiwis already in the 2012 Junior World Championship, wing Tom Prydie is confident Wales Under-20 can reach the Final for the first time when taking on New Zealand in the first of the semifinals at Newlands Stadium on Sunday.
The Baby Blacks have dominated the championship, having never been beaten in the previous four tournaments - until Wales recorded a shock 9-6 defeat in atrocious conditions in Stellenbosch during Pool play.
With an earlier 44-18 success over Fiji and a comfortable 74-3 win over Samoa, Wales completed the Pool stages undefeated and as top seeds to secure an automatic route to the semifinals - and now they find themselves up against the defending champions once again.
"The boys have been training really well and we are all looking forward to it," said Prydie, who already has four senior Wales caps to his name. "We obviously want to make it all the way to the final and to do that you have to beat the best teams and they don't come much bigger than New Zealand.
"It would be massive for us if we made the final - none of us have ever been in a World Cup Final before and I'm not sure if any of us will ever again be in this position, so it's a huge opportunity for us as players as well as for Wales."
New Zealand began the tournament as firm favourites and were expected to stroll through the Pool, particularly after hammering Wales 92-0 in last year's tournament, but Wales caused a huge upset to beat the Baby Blacks and now go into the semis brimming with confidence.
"Going into the tournament we knew they were all going to be tough games - especially after what happened last year [the heavy loss to New Zealand]. We went into the tournament taking each game as they came really," he said.
"We did a job against Fiji then the boys trained really well for the crucial game against New Zealand. The weather suited us more than them I suppose but the game plan we went in with was perfect and we managed to get a win before following that up with a good victory over Samoa to reach the semis.
"The New Zealand result was huge - even now I can't really put it into words. The history they have got, not just at this level but at Sevens and international level; no-one has ever beaten them before in this tournament so it was massive for us but we have to do it all over again this weekend now for it to mean even more.
"Personally, another win would be right up there alongside earning my first senior Welsh cap and scoring my first try for Wales. It's been a different experience playing with the Under 20s but it's been an experience I've really enjoyed and it's given me a lot of confidence. Hopefully we can beat New Zealand again and get a place in the final."
South Africa's route to the semis was in stark contrast to that of the Welsh.
The hosts lost in Round One to Ireland, before bouncing back to put 50 points past Italy and then pull off that big bonus-point win over England.
As Du Toit said: "We are very privileged to be here and we feel we can win this, as we have trained very hard the last few days."
The Baby Boks feel that all the pieces of the puzzle are falling into place.
"We did very well against England [to win 28-15 in the last round of league action], so hopefully we can lift our game against Argentina and advance to the Final."
The South Africans do have a huge advantage, the support of their home crowd.
But they have another bigger psychological edge over the Pumas, having already played and beaten Argentina in a pre-tournament series in April.
"It will help us, because we know how they play," Du Toit said, adding: "We know what their strengths are and we know how to beat them."
The Baby Bok forward said the game will be won or lost in the set pieces.
"We have to physically front up against the Pumas, they are very strong and physical, so hopefully when can get an edge and the backline can score the tries."
Fixtures and available teams:
(Kick-offs are local - GMT plus two hours)
Sunday, June 17
Scotland v Italy
(UWC Stadium, Cape Town - 12.30)
Scotland: 15 Sam Hidalgo-Clyne, 14 Jamie Farndale, 13 Mark Bennett, 12 Finn Russell, 11 Tom Steven, 10 Harry Leonard, 9 Murray McConnell, 8 Mitch Eadie, 7 Will Bordill, 6 Callum Reid, 5 Andrew Redmayne, 4 Gary Graham, 3 Alex Allan, 2 Fergus Scott, 1 Robin Hislop.
Replacements: 16 George Turner, 17 Jamie Marvin Bhatti, 18 Gavin Robertson, 19 Andrew Nagle, 20 Stuart Smith, 21 Matthew James-Torrance, 22 Tomasso Allan, 23 Keith Buchan.
Italy: 15 David Odiete, 14 Alex Morsellino, 13 Giulio Bisegni, 12 Andrea Bettin, 11 Allesandro Tartaglia, 10 John Apperley, 9 Guido Calabrese, 8 Federico Conforti, 7 Jacopo Salvetti, 6 Zanini Guglielmo, 5 Alfio Luca Mammana, 4 Matteo Ferro, 3 Pietro Ceccarelli, 2 Giovanni Maistri, 1 Sami Panico.
Replacements: 16 Giovanni Scalvi, 17 Luca Scarsini, 18 Luca Conti, 19 Alessio Zdrilich, 20 Vittorio Marazzi, 21 Marcello Violi, 22 Edoardo Padovani, 23 Giovanni Benvenuti.
Referee: Francisco Pastrana (Argentina)
Assistant referees: Joey Salmans (South Africa), Jason Jaftha (South Africa)
TMO: Lyndon Bray
Fiji v Samoa
(UWC Stadium, Cape Town - 14.45)
Referee: Angus Gardner (Australia)
Assistant referees: Mathieu Raynal (France), Jason Jaftha (South Africa)
TMO: Donal Courtney
France v Australia
(Newlands Stadium, Cape Town - 14.45)
Australia: 15 Nick Frisby, 14 James Dargaville, 13 Con Foley, 12 Allan Faalavaau, 11 Lindsay Crook, 10 Kyle Godwin, 9 Matt Lucas, 8 Thomas Cusack, 7 Liam Gill (captain), 6 Benn Melrose, 5 Sam Jeffries, 4 Sam Reiser, 3 Leslie Makin, 2 Hugh Roach, 1 Pettowa Paraka.
Replacements: 16 Maile Ngauamo, 17 Silatolu Latu, 18 Allan Alaalatoa, 19 Sean McMahon, 20 Jock Merriman, 21 Apolosi Latunipulu, 22 Ulupano Seuteni, 23 Steven Cummins.
Referee: JP Doyle (England)
Assistant referees: Sindile Mayende (South Africa), Rasta Rashivenga (South Africa)
TMO: Clayton Thomas
Ireland v England
(UWC Stadium, Cape Town - 17.00)
Ireland: 15 Peter Nelson, 14 Barry Daly, 13 Stuart Olding, 12 Chris Farrell, 11 Foster Horan, 10 JJ Hanrahan, 9 Kieran Marmion, 8 Jack Conan, 7 Jordan Coghlan, 6 Iain Henderson, 5 Tadhg Beirne, 4 Alan O'Connor, 3 Tadhg Furlong, 2 Niall Scannell, 1 Des Merrey.
Replacements: 16 James Rael, 17 Peter Reilly, 18 Jake Cawley, 19 AN Other, 20 Aaron Conneely, 21 Luke McGrath, 22 Jack Carty, 23 Mike Sherlock.
England: 15 Ben Ransom, 14 Will Addison, 13 Sam Hill, 12 Ryan Mills, 11 Josh Bassett, 10 Henry Slade, 9 Ben Spencer, 8 Jack Clifford, 7 Chris Walker (captain), 6 David Sisi, 5 George Merrick, 4 Dominic Barrow, 3 Kyle Sinckler, 2 Nathan Morris, 1 Alec Hepburn.
Replacements: 16 Max Crumpton, 17 Luke Cowan-Dickie, 18 Ross Harrison, 19 Billy Vunipola, 20 Ben Nutley, 21 Dan Robson, 22 Tommy Bell, 23 Marland Yarde.
Referee: Leighton Hodges (Wales)
Assistant referees: Mathieu Raynal (France), Quinton Immelman (South Africa)
TMO: Francisco Pastrana (Argentina)
Wales v New Zealand
(Newlands Stadium, Cape Town - 17.00)
Wales: 15 Ross Jones, 14 Tom Prydie, 13 Cory Allen, 12 Jack Dixon, 11 Eli Walker, 10 Matthew Morgan, 9 Tom Habberfield, 8 Dan Baker. 7 Ellis Jenkins, 6 Luke Hamilton, 5 Matthew Screech, 4 Rhodri Hughes, 3 Samson Lee, 2 Kirby Myhill (captain), 1 Rob Evans.
Replacements: 16 Darran Harris, 17 Gareth Thomas, 18 WillGriff John, 19 Ieuan Jones, 20 Daniel Thomas, 21 Jonathan Evans, 22 Sam Davies, 23 Thomas Pascoe.
New Zealand: 15 Martin Mckenzie, 14 Matt Proctor, 13 Jason Emery, 12 Ope Peleseuma, 11 Milford Keresoma, 10 Ihaia West, 9 Bryn Hall, 8 Jordan Taufua, 7 Hugh Blake, 6 Jimmy Tupou, 5 Joe Latta, 4 Nick Ross, 3 Fraser Armstrong, 2 Nathan Harris, 1 Ofa Tuungafasi.
Replacements: 16 Rhys Marshall, 17 Reuben Northover, 18 Tuki Raimona, 19 Jake Heenan, 20 Taniela Manu, 21 Jono Kitto, 22 Scott Eade, 23 Pita Ahki.
Referee: Lourens van der Merwe (South Africa)
Assistant referees: Greg Garner (England), Marius van der Westhuizen (South Africa)
TMO: Tappe Henning
Argentina v South Africa
(Newlands Stadium, Cape Town - 19.15)
Argentina: 15 James Lamb, 14 Felipe Nougués, 13 Juan Ignacio Brex, 12 Matias Silva Frías, 11 Germain Klubus, 10 Sebastian Poet (captain), 9 Philip Ezcurra, 8 Lautaro Married, 7 Paul Matera, 6 Gaspar Oberti, 5 Juan Cruz Guillemain, 4 Leandro Ramella, 3 Matthias Sambrán, 2 Germain Le Fort, 1 Ramon Gonzales.
Replacements: 16 Santiago Garcia Botta, 17 Santiago Iglesias, 18 Matias Diaz, 19 Facundo Isa, 20 Rodolfo Ambrose, 21 Joaquin Paz, 22 John Cappiello, 23 Joaquín Camacho.
South Africa: 15 Dillyn Leyds, 14 Paul Jordaan, 13 William Small-Smith, 12 Jan Serfontein, 11 Tshotsho Mbovane, 10 Handrè Pollard, 9 Vian van der Watt, 8 Fabian Booysen, 7 Pieter Steph du Toit, 6 Shaun Adendorff, 5 Ruan Botha, 4 Paul Willemse, 3 Maks van Dyk, 2 Mark Pretorius, 1 Steven Kitshoff.
Replacements: 16 Franco Marais, 17 Allan Dell, 18 Oliver Kebble, 19 Braam Steyn, 20 Wiaan Liebenberg, 21 Abrie Griesel, 22 Tony Jantjies, 23 Raymond Rhule.
Referee: Glen Jackson (New Zealand)
Assistant referees: Greg Garner (England), Marius van der Westhuizen (South Africa)
TMO: JP Doyle (England)