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Porsche South Africa buys Kyalami and keep its heritage alive

25.07.2014

SOUTH Africa’s most iconic racetrack, Kyalami, went under the hammer after it was put up for auction.

There’s been much speculation about who would buy the track, but within two minutes of auctioning this icon’s fate was sealed after it was sold for a record R205 million.

Bought by Porsche South Africa, Lot 25, the farm Bothasfontein, better known as Kyalami, is a 72 hectare property in Midrand and the new owner, Toby Venter, CEO of Porsche South Africa has stated that it will remain a racetrack, putting many petrol heads’ fears to rest.

First opening in 1961, the Kyalami circuit hosted its first Grand Prix in 1967 and went on to host a good number more. However, the last international event to be held at the iconic track was the Superbike championship in 2010.

The sale of Kyalami became the highest action in SA after it beat the previous record of a property in Knysna that saw a R120 million auction record a few years ago.

 Long live Kyalami!

 

 

 

Article written by Autodealer
25.07.2014
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