The conversation of bringing the world’s most popular racing tournament in South Africa – Formula 1 is getting heated. It has been reported that Stefano Domenicali will hold discussions next week Monday with key stakeholders in SA. Lawis Hamilton has also been routing for the return of the tournament recently. It seems like there’s a lot that needs to be considered before they can green light this. Join us as we unpack more of the story below.

 

The music producer who recently bought a stake in a vineyard Prince Kaybee has weighed in on this topic by saying that SA is in no shape to host the F1. He pointed out very important points including the fact that our unemployment rate is at a record high fueled by the impact of the pandemic. Prince Kaybee indicated that this money can be directed into solving pre-existing problems such as improving infrastructure in schools and providing better service delivery just to name a few.

It’s very expensive to host this tournament

According to the latest figures, it has spiral up to R600 million to host F1 Races. This is only for a couple of days and that’s it. Is it worth it? This is the most important question that still lingers in many SA citizens especially those that continue to fall under the poverty line. He closed of by reminding people that the Malaysian government once spent 67 million to host an F1 and barely made any profit.

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