A group working to bring Formula 1 racing to Cape Town said it will press ahead with plans for a new circuit near the city, even after Rwanda secured a pact to host a Grand Prix.
Blue Mountain Racing is sticking with its target to host an event in 2031, the group said in a statement Wednesday. “We find Formula 1’s return to Africa encouraging for our own plans,” it said.
“Africa is a continent of more than 50 countries and approximately 1.6 billion people and therefore it has room for more than one” Grand Prix, it said.
Blue Mountain is led by former Sibanye-Stillwater Ltd chief executive officer Neal Froneman and includes mining veteran Srinivasan Venkatakrishnan and law firm Webber Wentzel’s Robert Appelbaum.
Together with South African entrepreneur Bob Hartslief, they’re planning to build a R6.7 billion ($406 million) motorsport complex in the wheat-growing Swartland region north of Cape
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