Neal Froneman leads R6.7B bid to bring Formula One back to South Africa

A prominent South African consortium has formally engaged investment bank Rothschild & Co . to structure a multi-billion-rand bid aimed at returning Formula One racing to the African continent. Led by Neal Froneman, the former CEO of mining giant Sibanye-Stillwater, the group is proposing the construction of a comprehensive R6.7 billion motorsport and lifestyle complex in the Swartland region, located north of Cape Town.