With the 18 March deadline fast approaching for bids to bring Formula 1 back to South Africa, discussions around the event’s massive costs are gaining traction, Cape {town} Etc reports.
The country last hosted an F1 race in 1993, but Minister of Sports, Arts and Culture Gayton McKenzie has made its return a key priority.
In late 2024, a 13-member bid committee, led by Bakang Lethoko, was formed to drive the process. Originally set for 13 January, the deadline for expressions of interest was extended due to heightened interest.
Motorsport South Africa CEO Vic Maharaj estimated that securing the race would require between $40 million and $50 million (R735 million to R915 million) in rights fees, with additional costs for infrastructure and event logistics.
He stressed that government and private sector backing would be crucial.
While no official venue has been confirmed, Kyalami remains a strong contender.
Currently an FIA Grade 2 circuit, the track would need upgrades to meet the Grade 1 certification required for F1. Maharaj noted that while Kyalami’s management is open to improvements, balancing their existing events with the necessary upgrades remains a challenge.
The bid process is designed to filter out unqualified contenders, ensuring that only serious candidates move forward. Maharaj compared hosting an F1 race to organising an Olympic-level event in a single city every two weeks, emphasising the scale and complexity of the undertaking.
With F1’s popularity surging worldwide, especially after the success of Drive to Survive, South Africa’s potential return to the racing calendar is gaining momentum.
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Picture: Kyalami Grand Prix Circuit / Facebook
