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South Africa’s F1 Bid Gains Momentum as Deadline Approaches
With the March 18 deadline fast approaching, the race to bring Formula 1 back to South Africa is heating up. The high costs associated with securing the event have become a major talking point, with stakeholders weighing in on funding and logistics.
The last time South Africa hosted a Formula 1 Grand Prix was in 1993. However, Sports, Arts and Culture Minister Gayton McKenzie has made it a priority to bring the event back.
To drive the bid forward, a 13-member committee, led by Bakang Lethoko, was formed in late 2024. The original deadline for expressions of interest was set for January 13 but was extended due to increased interest from potential bidders.
Motorsport South Africa CEO Vic Maharaj estimates that securing the rights to host an F1 race would cost between $40 million and $50 million (R735 million to R915 million). This figure excludes additional expenses for infrastructure upgrades and event logistics.
Maharaj emphasized that government and private sector backing would be essential to fund the bid.
While no official venue has been confirmed, Kyalami Grand Prix Circuit remains the frontrunner. Currently holding an FIA Grade 2 certification, the track would require upgrades to meet the Grade 1 standards necessary for hosting an F1 race.
Kyalami’s management has expressed willingness to make improvements, but balancing these upgrades with their existing events poses a challenge.
The bid committee has implemented a stringent selection process to ensure only serious contenders move forward. Maharaj likened hosting an F1 race to organizing an Olympic-level event in a single city every two weeks, underscoring the logistical complexity involved.
With Formula 1’s global popularity soaring, especially following the success of Netflix’s Drive to Survive, momentum is building for South Africa’s return to the racing calendar. However, with the deadline looming, the bid’s success will depend on securing the necessary financial and infrastructural support.
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