SA’s F1 Grand Prix bid gains Rothschild backing as Cape Town targets 2031 return

South Africa's Formula 1 Grand Prix bid has gained significant backing with the involvement of Rothschild The announcement was made by Blue Mountain Racing (BMR), a consortium of business leaders and motorsport experts led by mining magnate Neal Froneman. The project aims to bring a world-class Formula 1 Grand Prix to the Western Cape's Swartland region by 2031.

The proposed circuit will feature a 600-hectare site capable of accommodating over 120,000 spectators, constructed to FIA Grade 1 standards. Unlike street circuits, the Swartland track will not interfere with residents or incur high public costs. The development will include a conference centre, hospitality and residential areas, an automotive hub, a driving academy, and a karting pathway for youth.

Local participation is a key aspect, with between 700 and 1,000 local marshals being recruited and trained. The Western Cape Provincial Government and Minister of Sport Gayton McKenzie have shown support for the initiative, while BMR has already contacted Formula 1 and MotoGP. This bid positions South Africa as Africa's most credible attempt to secure Formula 1 hosting rights, following the continent's lack of a Grand Prix.

The Kyalami Grand Prix, which saw South African fans disappointed by the absence of a race in 2027 due to underestimated requirements, is also being considered. While circuit readiness has been a central issue, discussions are now shifting to execution, timelines, and stakeholder alignment. If successful, South Africa could host its first Grand Prix in nearly three decades, boosting its presence on the global motorsport stage.