South Africa is in discussions with at least six private companies to secure funding aimed at bringing Formula 1 Grand Prix racing back to the country.
South Africa is in discussions with at least six private companies to secure funding aimed at bringing Formula 1 Grand Prix racing back to the country, according to people familiar with the talks.
Sports, Arts and Culture Minister Gayton McKenzie has asked the firms to collectively commit around $100 million to support hosting the event over three years, the people said, requesting anonymity.
Advertisement