| 7th South American Basketball Championship | |
|---|---|
| Tournament details | |
| Host country | Brazil |
| Dates | 14-30 April |
| Teams | 5 |
| Venue(s) | 1 (in 1 host city) |
| Final positions | |
| Champions |  Brazil (1st title) |
The 1939 South American Basketball Championship was the 7th edition of this tournament. It was held in Rio de Janeiro, Brazil and won by the host, Brazil national basketball team. 5 teams competed.
Each team played the other four teams once, for a total of four games played by each team and 10 overall in the tournament.
| Rank | Team | Pts | W | L | PF | PA | Diff |
|---|---|---|---|---|---|---|---|
| 1 | Brazil | 8 | 4 | 0 | 139 | 120 | +19 |
| 2 |  Uruguay | 7 | 3 | 1 | 151 | 122 | +29 |
| 3 |  Argentina | 6 | 2 | 2 | 151 | 126 | +25 |
| 4 |  Peru | 5 | 1 | 3 | 129 | 132 | -3 |
| 5 |  Chile | 4 | 0 | 4 | 97 | 167 | -70 |
| Brazil | 34 - 32 | Uruguay |
| Brazil | 31 - 30 | Argentina |
| Brazil | 32 - 25 | Peru |
| Brazil | 42 - 33 | Chile |
| Uruguay | 43 - 42 | Argentina |
| Uruguay | 34 - 29 | Peru |
| Uruguay | 42 - 17 | Chile |
| Argentina | 38 - 33 | Peru |
| Argentina | 41 - 19 | Chile |
| Peru | 42 - 28 | Chile |