✉news SportMotorsport first seen 15 h ago, last 8 h ago, peak #37
South African mining tycoon plans $402 million Formula 1 circuit
Original: Mining tycoon plans to spend $402 million turning his 600 hectares of farmland into a Formula 1 circuit as South Africa eyes a return after 38 years
A South African mining magnate says he will invest $402 million to convert 600 hectares of his farmland into a Formula 1-grade racing circuit. The plan comes as South Africa seeks to return to the F1 calendar for the first time in 38 years, since the country last hosted a Grand Prix at Kyalami in 1993 and earlier in 1985. The proposal has drawn attention as a privately funded bid to revive the country's place in global motorsport.
Why now: Formula 1's expansion into Africa and South Africa's bid to host a Grand Prix again are major talking points in motorsport.
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- Mining tycoon plans to spend $402 million turning his 600 hectares of farmland into a Formula 1 circuit as South Africa eyes a return after 38 years · Business Insider Africa
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