Top CEO plans to bring Formula One back to South Africa

• South African consortium plans to build a R6.7 billion motorsport complex in the Swartland region north of Cape Town.
• The consortium is working with Rothschild & Co. and has submitted a response to Formula One's initial technical and commercial requirements.
• The project's evaluation process could take between 12 and 15 months and will determine whether Formula One racing will return to South Africa.