Minister of Sport, Arts, and Culture, Gayton McKenzie, has expressed his desire to bring Formula One (F1) back to South Africa. While this could boost tourism and the economy, hosting an F1 race comes with massive costs. The hosting fee alone is estimated to be over $50 million (approximately R950 million), excluding infrastructure upgrades and operational expenses.
Some believe an F1 race would place South Africa on the global stage and create jobs. Others argue that the country has more pressing priorities, such as service delivery, education, and healthcare.
This infographic reveals what countries are currently paying to host an F1 race in 2023. Costs range from $20 million (R380 million) in Monaco to a whopping $57 million (R1.08 billion) in Azerbaijan. With South Africa’s pressing economic challenges, is this a smart investment, or are there bigger priorities?
Join the conversation
DearSA firmly believes that debates play a crucial role in shaping the society we live in today. Our platform promotes and encourages healthy debate and constructive discussions as essential elements of a thriving democratic society. We value the diverse opinions and perspectives that our users bring to the table.
Please keep comments respectful and adhere to a standard of civil discourse. Crass or offensive comments may be removed, as they undermine the spirit of constructive dialogue we aim to foster.
Contribute to democracy
Please consider supporting our platform and help reach more participants.
A small amount creates a huge impact. DearSA® is a registered South African non-profit organisation and, like all non-profits, does not qualify for relief funding from government. Please assist where you can.
.png)
Share
Participate in this poll
Total participants: -