Cape Town’s ambition to host a Formula 1 Grand Prix has taken a significant step forward, with plans for a street circuit gaining traction. The bid process, led by Cape Town’s Formula 1 Bid (CTGPSA), is seeing heightened enthusiasm from key stakeholders and international investors, as discussions with F1 organizers and potential sponsors intensify.

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Extended Submission Period for Stronger Proposals

To ensure the submission of well-prepared and comprehensive bids, the deadline for proposals has been extended. This additional time allows stakeholders to refine their applications in accordance with the Request for Expression of Interest (RFEOI) guidelines.

Western Cape MEC, Mireille Wenger, highlighted the bid’s importance, stating, “Hosting a Formula 1 Grand Prix would provide a major boost to our economy, tourism industry, and overall development, while positioning South Africa as a premier global sporting destination. The extension ensures that bidders have ample opportunity to submit outstanding proposals.”

South Africa’s Push for 2027 Grand Prix Hosting

According to Bloomberg, ongoing discussions with Formula 1 organizers are progressing, with South Africa expected to formally submit its bid in May. If successful, the race would take place in 2027. Efforts to secure funding are also underway, with sponsorship talks involving major brands such as Heineken and Red Bull.

Seven-time world champion Lewis Hamilton previously expressed his support for an African Grand Prix, emphasizing the continent’s growing interest in motorsport. CTGPSA’s leadership is optimistic about Cape Town’s chances, especially in light of recent reports that the Netherlands may not renew its race contract beyond 2026, potentially opening a slot for South Africa.

Enthusiastic Reception from Formula 1 Bid Steering Committee

The F1 Bid Steering Committee has welcomed the growing excitement surrounding the bid. Since the release of the RFEOI document, there has been a surge of interest from local and international stakeholders.

Bakang Lethoko, chairperson of the committee, reaffirmed their commitment to presenting a compelling case for F1’s return to South Africa. “Our goal is to put forward a proposal that is comprehensive, financially sustainable, and capable of delivering a world-class event,” Lethoko said. He added that early engagement with prospective bidders indicates widespread enthusiasm, with the committee striving to maintain a fair and transparent selection process.

CTGPSA’s Longstanding Vision for a Cape Town Street Circuit

CTGPSA, the longest-standing promoter of a Formula 1 street race in Cape Town, remains steadfast in its commitment. The proposed 5.7km circuit would be located in the Green Point Sport Tourism Precinct, incorporating the DHL Stadium and surrounding areas.

The organization has expressed concerns that its original street circuit concept, first unveiled in 2011, might be co-opted by opportunistic promoters. CTGPSA believes its proposal aligns perfectly with the global trend of hosting F1 street races in scenic urban locations. “We have proudly coined our proposed location the ‘African Riviera’ due to its breathtaking backdrop against the Atlantic Seaboard,” CTGPSA stated.

Concerns Over Bid Transparency and Favoritism

Despite optimism, CTGPSA CEO Igshaan Amlay has raised concerns about a lack of transparency in the bidding process. He noted that Kyalami Grand Prix Circuit has been favored in official communications, with government officials frequently referencing it as a preferred venue.

“The RFEOI criteria appear tailored to benefit a permanent circuit like Kyalami rather than an economically viable street race,” Amlay said. He emphasized that a Cape Town street race could be integrated into the city’s existing infrastructure and tourism framework, providing long-term economic benefits.

Additionally, concerns have been raised regarding a mandatory R10 million refundable deposit required from interested promoters. While the deposit will be returned with interest if a bidder is unsuccessful, Amlay argues that this high entry barrier could discourage potential contenders.

Next Steps in the Bidding Process

The BSC has outlined that interested parties must submit their expressions of interest, after which shortlisted candidates will be informed within five working days. The final announcement regarding the winning bid will be determined following a thorough evaluation process.

With momentum building and Cape Town’s proposal gaining attention, all eyes are on South Africa’s bid to bring Formula 1 back to the continent. If successful, a Cape Town Grand Prix could become one of the most visually stunning and economically impactful races on the F1 calendar.