In South America high peaks and points (5)
I believe the answer is:
andes
'in south america' is the definition.
('Andes' is part of 'south america')
'and points' is the wordplay.
'points' becomes 'es' (E is an example).
'and'+'es'='ANDES'
'high peaks' is the link.
I am not very happy about this link. Some or all of it may belong to another bit of the clue.
Can you help me to learn more?
(Other definitions for andes that I've seen before include "Major mountain range" , "Mountains of 6 dn" , "danes found in mountains" , "World's longest mountain range" , "South American mountain system" .)