Produced by Magic Light Pictures, “Revolting Rhymes” the film has already won nine major international awards.
The film, directed by Jakob Schuh and Jan Lachauer and co-directed by Bin Han To, is an adaptation of authors Roald Dahl and Quentin Blake's classic book of fairytales.
“We’re beside ourselves right now, and just incredibly happy," Schuh and Lachauer said.
They added: "Happy for the film and happy for all our fantastic collaborators here in Berlin (Germany), our producers at Magic Light Company, as well as our wonderful team in South Africa. It’s a pretty unreal feeling to find your labour of love has been recognised in this way.
"We’re deeply grateful to the US Film Academy for this nomination. This was a hard film to make. What always steered us forward was the level of love our team had for this story – and the blessings we received from Luke Kelly, Roald Dahl’s grandson, and from the great Quentin Blake.
“So, for everyone's work to receive such love in return today, it's the most beautiful reward."
Mike Buckland, head of production at Triggerfish Studio in Cape Town, congratulated Jakob, Jan, Bin and the team at Magic Light Studio (Berlin).
"We also feel immense gratitude towards our insanely hard-working, generous and talented crew, who fully deserve this recognition that their work stands up there with the best in the world.
"We're hoping Revolting Rhymes' success will inspire many more Africans to enter the animation industry, which is growing rapidly here but still not fast enough to keep up with demand."
Triggerfish has also produced two of the top five highest-grossing South African feature films of all time: “Adventures in Zambezia” (2012) and “Khumba ”(2013).
Johannesburg audiences will be able to see “Revolting Rhymes” at The Bioscope Theatre in the town of Maboneng on 16 February.
The 90th Academy Film Awards - known as the Oscars - will be held on 4 March in Los Angeles.
The other Oscar nominees for Animated Short Film are: “Dear Basketball”; “Garden Party”; “Lou” and “Negative Space.”
Controversial South African film “Inxeba” (“The Wound”) missed out on a nomination for Best Foreign Language Film, after making it to the Oscar shortlist.