"One hundred rhinos will be captured and safely transported from South Africa and released in Botswana's remote wilderness," two conservation groups called &Beyond and Great Plains said in a joint statement.
A team of anti-poaching experts will be charged with monitoring the animals, which will be tagged and micro-chipped.
Last year more than 1,000 rhinos were illegally killed in South Africa, home to the majority of the world's rhino population, which marks a 50% jump from the previous year's killings that have been fuelled by rising demand from Asia for rhino horn.
"There is a battle raging for Africa's wildlife. Rhinos are being poached at a rate of one every nine hours," said Great Plains' chief executive Dereck Joubert.
The move is expected to take place in 2015 and cost more than US$8m, which the two groups hope to raise.
Discussions are still under way about where the animals will be bought from - but will likely include both public and private game reserves.
"The initiative would be a good one, we need every possible initiative to save the species," said Isaac Phaahla, spokesman for South Africa National Parks.
South Africa is home to around 80% of the world's rhino population, estimated at more than 25,000.
Most rhinos live in the vast Kruger Park - roughly the size of Israel - which is also the poachers' preferred hunting ground.
More than 60% of South Africa's rhino poaching occurs in Kruger.
Source: AFP via I-Net Bridge
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