The stadium has a seating capacity of 28,000 and was built in 1956 to replace the Old Wanderers Stadium. It was completely overhauled following South Africa’s readmission to international cricket in 1991.

In 1996, five new 65-metre-high (213 ft) floodlight masts replaced the existing four 30-metre-high (98 ft) masts, enabling day-night limited overs cricket. It is nicknamed ‘The Bullring’ due to its design and intimidating atmosphere.

On 4th of October 2019, the Wanderers Stadium announced a new naming rights partnership with Imperial Logistics. The stadium is now referred to as Imperial Wanderers Stadium. The stadium was formerly known as the Bidvest Wanderers Stadium sponsored by the Bidvest Group since 2008/09 season. Prior to the Bidvest Group sponsorship, the stadium was known as the Liberty Life Wanderers.

The ground is amongst the most historically significant cricket grounds of the twenty-first century. It has staged some of the most important matches in ODI and T20I history and has witnessed a number of outstanding world records.

The stadium has been given the opportunity to host a variety of world-class and larger the life cricket and non-cricket events. Some highlights include hosting the ICC Cricket World Cup Final in 2003, the ICC World T20 Final, the IPL Final, FIFA 2010 Goodwill Cup, the 16th Nelson Mandela Annual Lecture, Davis Cup, Neon Run, Cookout, POP Bottles, Top Billing Auditions, Weddings, Product Launches and Holi Festival of Colours.