Kyalami
racetrack, host to Formula One Grand Prix races for almost twenty years, is to
be sold and may be given to motorsport, according to auction organisers today.
A minimum price of 200million rand ($19million) has been set for the celebrated circuit upon 72 hectares of land within a rapidly developing region, North of Johannesburg, as claimed by a representative of the High Street Auction Company.
It is said if a developer is to purchase the track, the nature of the Kyalami property would be expected to vary quite considerably, with the possibility of there no longer being a track.
However, some potential buyers were looking at the possibility of keeping the track whilst developing its surroundings.
