{"id":46302,"date":"2026-09-23T14:11:00","date_gmt":"2026-09-23T12:11:00","guid":{"rendered":"https:\/\/www.channelafrica.co.za\/channelafrica\/?post_type=news&#038;p=46302"},"modified":"2026-10-12T12:45:34","modified_gmt":"2026-10-12T10:45:34","slug":"sa-consortium-proposes-410m-formula-one-circuit","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/sa-consortium-proposes-410m-formula-one-circuit\/","title":{"rendered":"SA consortium proposes $410m formula one circuit"},"content":{"rendered":"<p>A South African (SA) private consortium has announced plans to construct a $410 million motorsport complex in the Swartland region of the Western Cape to bring Formula 1 back to the continent by 2031.<\/p>\n<p>&nbsp;<\/p>\n<p>Chaired by former Sibanye-Stillwater Chief Executive Officer Neal Froneman alongside mining executive Srinivasan Venkatakrishnan and businessman Bob Hartslief, the Blue Mountain Racing consortium unveiled the proposal during the Swartland mayoral breakfast in Malmesbury.<\/p>\n<p>&nbsp;<\/p>\n<p>The project involves building an F\u00e9d\u00e9ration Internationale de l&#8217;Automobile Grade 1 circuit costing roughly $122 million, alongside conference facilities, hospitality infrastructure, and residential property accommodating up to 125 000 spectators.<\/p>\n<p>&nbsp;<\/p>\n<p>Working with financial advisory firm Rothschild and Company, the consortium is structuring the initiative as a fully privately funded development to fulfill government requirements that the race operate without taxpayer funds.<\/p>\n<p>&nbsp;<\/p>\n<p>&#8211;ChannelAfrica&#8211;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"featured_media":32956,"template":"","meta":{"_acf_changed":false,"_members_access_role":[],"_members_access_error":"","_links_to":"","_links_to_target":""},"news-type":[20],"class_list":["post-46302","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-sport","entry"],"acf":{"short_description":"SA private group targets 2031 formula one return in Western Cape ","published_date":"2026-09-23 16:10:39","news_description":"SA private group targets 2031 formula one return in Western Cape ","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/46302","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/46302\/revisions"}],"predecessor-version":[{"id":46303,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/46302\/revisions\/46303"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/32956"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=46302"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=46302"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}