more Quotes
Connect with us

Talks over South Africa hosting an F1 race ‘paused, not terminated,’ says Motorsport SA chair – News24

Kyalami Grand Prix Circuit

Kyalami Media

South Africa’s hopes of hosting a Formula 1 race have been put on ice.SA’s ties with Russia caused a rift in discussions, taking the country off the preliminary calendar for 2024.Projected economic benefits of hosting an F1 race for SA would exceed the R1 billion generated by the Cape Town e-Prix earlier this year.Though South Africa’s hopes to appear on the 2024 Formula 1 calendar have been derailed, Motorsport South Africa chairperson Anton Roux is adamant that talks will continue when the time is right.Roux, a member of the Senate of the FIA, confirmed to News24 that he is not giving up on ambitions to host an F1 race in the country in the future.”All the discussions have been paused, and not terminated,” Roux said.”I’m not going to give up on it. But for now, we’d have to wait and see how the matter with Mr Putin and Russia actually pans out.”READ: Another major blow to SA’s F1 hopesIndeed, South Africa’s ties with Russia and its president, Vladimir Putin, have put negotiations on ice. South African president Cyril Ramaphosa’s deflection on calls to have his Russian counterpart Putin arrested when he sets foot in the country later this year has led to the FIA and Formula One Management (FOM) putting talks on hold.The International Criminal Court issued an arrest warrant for Putin in March over war crimes related to Russia’s invasion of Ukraine and the subsequent war between the two nations. As a member of the ICC, South Africa are theoretically required to arrest Putin under the court’s warrant.

Newsletter

Weekly

Formula 1: The Undercut
Get a Monday morning wrap of the top key talking points, insightful post-race analysis and the latest driver and team point standings.

Sign up

Kyalami Grand Prix CircuitKyalami Is F1 economically viable?Earlier this year, Cape Town hosted a round of the 2022/23 Formula E season – the first open-cockpit race in the country since the 1993 F1 race at Kyalami. According to a Nielsen Sports study, the Cape Town race generated R1.084 billion in economic activity and drew nearly R70 million in media value globally.Roux says that the economic spin-off generated by an F1 event would exceed that of Formula E.READ: Formula E brought R1 billion boost to Cape Town’s economy”An F1 event is bigger than the Olympic Games at this current moment. It’s not something that happens every four years – it happens 23 times a year,” he said.”The last time we looked at the feasibility study, just the fees for teams to participate in a South African Grand Prix would be more than the guarantee required from the South African government.”Roux further explained that more than 60% of people attending an F1 race are not from the host country, saying: “The demographic of people attending F1 races throughout the year, they are all wealthy people.”The international attendees would surely stay in South Africa for longer than just the three days of racing, directly boosting economic activity, not just in Gauteng, but throughout the country as tourists would visit South Africa’s many attractions.

Kyalami Grand Prix Circuit

Kyalami Grand Prix Circuit

Kyalami Media

  • South Africa’s hopes of hosting a Formula 1 race have been put on ice.
  • SA’s ties with Russia caused a rift in discussions, taking the country off the preliminary calendar for 2024.
  • Projected economic benefits of hosting an F1 race for SA would exceed the R1 billion generated by the Cape Town e-Prix earlier this year.

Though South Africa’s hopes to appear on the 2024 Formula 1 calendar have been derailed, Motorsport South Africa chairperson Anton Roux is adamant that talks will continue when the time is right.

Roux, a member of the Senate of the FIA, confirmed to News24 that he is not giving up on ambitions to host an F1 race in the country in the future.

“All the discussions have been paused, and not terminated,” Roux said.

“I’m not going to give up on it. But for now, we’d have to wait and see how the matter with Mr Putin and Russia actually pans out.”

READ: Another major blow to SA’s F1 hopes

Indeed, South Africa’s ties with Russia and its president, Vladimir Putin, have put negotiations on ice.

South African president Cyril Ramaphosa’s deflection on calls to have his Russian counterpart Putin arrested when he sets foot in the country later this year has led to the FIA and Formula One Management (FOM) putting talks on hold.

The International Criminal Court issued an arrest warrant for Putin in March over war crimes related to Russia’s invasion of Ukraine and the subsequent war between the two nations.

As a member of the ICC, South Africa are theoretically required to arrest Putin under the court’s warrant.

Kyalami Circuit

Kyalami Grand Prix Circuit

Kyalami

Is F1 economically viable?

Earlier this year, Cape Town hosted a round of the 2022/23 Formula E season – the first open-cockpit race in the country since the 1993 F1 race at Kyalami. 

According to a Nielsen Sports study, the Cape Town race generated R1.084 billion in economic activity and drew nearly R70 million in media value globally.

Roux says that the economic spin-off generated by an F1 event would exceed that of Formula E.

READ: Formula E brought R1 billion boost to Cape Town’s economy

“An F1 event is bigger than the Olympic Games at this current moment. It’s not something that happens every four years – it happens 23 times a year,” he said.

“The last time we looked at the feasibility study, just the fees for teams to participate in a South African Grand Prix would be more than the guarantee required from the South African government.”

Roux further explained that more than 60% of people attending an F1 race are not from the host country, saying: “The demographic of people attending F1 races throughout the year, they are all wealthy people.”

The international attendees would surely stay in South Africa for longer than just the three days of racing, directly boosting economic activity, not just in Gauteng, but throughout the country as tourists would visit South Africa’s many attractions.

Continue Reading

Southern Africa

CCC rubbishes MPs and councillors recalls, says it’s Zanu PF’s “pathetic attempt” to respond to SONA boycott – New Zimbabwe.com

Spread This News

By Reason Razao | Senior Reporter


Citizens Coalition for Change (CCC) has dismissed reports of recalls by one Sengezo Tshabangu saying he is an impostor and has never been a member of the opposition party.

This follows the recall of 15 CCC MPs and 17 councillors by Tshabangu, a former member of MDC-T and PDP.

According to the letter that was addressed to the Speaker Of Parliament, Jacob Mudenda, Tshabangu had recalled Nicola Watson, Pashor Sibanda and Ereck Gono among others saying they were no longer members of the CCC.

Tshabangu is also believed to have signed letters that resulted in CCC double candidates in Bulawayo during the Nomination Court.

“It has come to the attention of the Citizens Coalition for Change that there are letters purportedly written by a person designating himself as interim secretary General circulating on social media claiming that the Citizens’ Movement has recalled named councillors and members of Parliament,” said party spokesperson Promise Mkwananzi in a statement posted on X.

“Members of the public are advised to disregard these with the contempt they deserve. The CCC party has neither recalled nor does it intend to recall any of its recently elected deployees.

“The purported author of the two letters, Sengezo Tshabangu is not and has never been a

member or official of the CCC party since its inception. His last known parties are MDCT and PDP. He is renowned for being the proxy of fielding fake CCC double candidates in Bulawayo and Matebeleland North. The Citizens’ Movement is taking action against this impostor and all his contacts.”

CCC accused Zanu PF of trying to infiltrate their ranks.

“This deplorable behavior by Zanu PF is a response to their defeat in 2023 and rejection Zimbabwe and a pathetic attempt to respond to the exercise of our freedom of association in not attending the official opening of parliament yesterday (03 October 2023).

“Meanwhile, our deployees in local authorities and Parliament should continue to discharge their responsibilities as mandated by the electorate in the just ended elections,” Mkwananzi added.

Continue Reading

Southern Africa

‘Controversial’ economist Gift Mugano fired from ZimTrade Board; hints at contesting his removal – New Zimbabwe.com

Spread This News

By Staff Reporter


ECONOMIST Gift Mugano has been fired from the ZimTrade Board for allegedly making disparaging remarks against President Emmerson Mnangagwa’s administration over the faltering economy.

He is also accused of siding with Citizens Coalition for Change (CCC) led by Nelson Chamisa amid claims by presidential spokesperson George Charamba that he drafted the CCC’s 2023 elections manifesto, allegations that he swiftly rejected.

In a letter addressed to Mugano, Secretary for Foreign Affairs and International Trade, James Manzou said the termination of Mugano’s membership from the ZimTrade Board was with immediate effect.

“I wish to inform you that the Minister of Foreign Affairs and International Trade has terminated your membership from the ZimTrade Board in terms of Article 10 of the Constitution of ZimTrade as read with Section 16 of the Public Entities and Corporate Governance Act (Chapter 10:31). The termination is with immediate effect.

“I wish to thank you for the services rendered to the Board and the Ministry and to wish you well in your future endeavours,” wrote Manzou.

ZimTrade is a joint venture between the Government of Zimbabwe and the private sector to promote local exports.

Section 16 of the Public Entities and Corporate Governance Act (Chapter 10:31) provides for the appointment and removal of board members of public entities.

The section outlines the grounds for the removal of board members, which include misconduct or incompetence, failure to attend board meetings without reasonable cause, conflict of interest, and conviction of a criminal offence, among others.

In his brief response on X, Mugano hinted he won’t go down without a fight.

“Fired from the ZimTrade Board by the appointing authority before the end of my term. This is part of the strategies of Government of Zimbabwe aimed at silencing alternative voices. It will not work on me. Zimbabwe is for us all and our views matter,” he said.

In recent weeks, Mugano has been critical of the government’s economic policies.

His last post on X prior to his axing, Mugano wrote a long thread criticising Zanu PF for failing to fix the economy and mocking Mnangagwa for the snub by opposition legislators during the official opening of the 10th Parliament Tuesday.

“I am trying to frame how the economy will look like going forward – all I see is darkness. Let me break this down for the layman: How possible is it for the GoZ to pursue international engagement which is key to driving economic development when at home the same govt is harassing the opposition?

“Yesterday, @CCCZimbabwe MPs didn’t attend the official opening of Parliament by @edmnangagwa rendering the whole process to a Zanu PF caucus.

“Of significance is the fact that millions of Zimbabweans, that is, both those who voted @CCCZimbabwe and those who couldn’t vote for various reasons but have a CCC DNA are in support of this move and will continue to have these kind of protests in the future.

“It is given that going forward national consensus on national developmental issues will be elusive.”

Over the years, Mugano represented the country at various forums on trade negotiations and investment missions abroad (Heads of State & Government Summits, Council of Ministers, Senior Officials of Trade & Technical Committees) at bilateral, regional and multilateral levels.

He has done consultancy for DFID, British Council, the Parliament of Zimbabwe, NIR Sweden, GIZ and UNFPA.

At one time he served as interim board chairman of struggling ZiscoSteel before resigning in June 2020 citing interference by Finance Minister Mthuli Ncube, and was registrar at Zimbabwe Ezekiel Guti University (ZEGU).

Continue Reading

Agriculture

Bayhorse Mine accident: 6 still trapped, 7 missing as rescue … – New Zimbabwe.com

Continue Reading
Advertisement

Stand Out From The Crowd - A Marketing Tip By ZimMarket

 

 

Stand Out From The Crowd

If you happen to be in business and you are not well conversant with the 4 P’s of Marketing, then you are likely to dismally fail, sooner rather than later. In modern day business, the 4 P’s are the traditional and universal cornerstones of Marketing, which are inextricably interrelated. In Marketing, for anything you are selling to be highly competitive, in any given market, it must be, the right Product or service, being offered at the right Place, selling at the right Price, using the right Promotional Marketing Mix. In this marketing tip, I am briefly going to solely dwell on the Promotion aspect, which is an equally significant component of the 4 P’s of the Marketing Mix When you offer products on the market, you must ensure that you adequately educate your potential, as well as your target market, so that your products will become very intimately known and easily identifiable by your customers, from a myriad of other competing products and services on sale. It goes without saying, that this is why your product must “Stand Out From The Crowd”, for your business to remain relevant, lest it will be driven into oblivion. In today's cut-throat marketing competition, you may only achieve to “Stand Out From The Crowd” through an objective, deliberate, persistent, and aggressive marketing strategy, which not only includes mainstream media marketing but also incorporates Online Advertising. This is where, 1Zimbabwe Classifieds | ZimMarket enters into your Marketing Mix, by providing you, the Online advertising medium, in the form of FREE advertising space, on our ZimMarket Classifieds: www.1zimbabweclassifieds.co.zw The old adage says, “Gone are the days when one would say “A Good Wine Needs No Bush”. That’s Why, Coca-Cola, of all Companies in the world, is still advertising to this day

We are there for you, it is our business tradition, to link buyers to sellers.

www.1zimbabweclassifieds.co.zw

www.1africaclassifieds.com

www.1southafricaclassifieds.com

www.1usaclassifieds.com

General inquiries : Info@1zimbabweclassifieds.co.zw

Technical Support: admin@1zimbabweclassifieds.co.zw

One Zimbabwe Market Classifieds | ZimMarket

Linking Buyers To Sellers Is Our Business Tradition

Published By The Founder & Managing Director Of: ZimMarket Digital Technologies Inc. : 

 Joel Masuka

Trending

Copyright © 2021 1Africa Focus.

One Zimbabwe Classifieds | ZimMarket

www.1zimbabweclassifieds.co.zw

www.1africafocus.com

www.zimfocus.co.zw

www.1southafricaclassifieds.com

www.1usaclassifieds.com

1 Zimbabwe Market Classifieds | ZimMarket

www.luzroyale.ky/

www.1zimlegends.com

Linking Buyers To Sellers Is Our Business Tradition