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>South Africa's cabinet this week approved the application of the Ministry of Sport, Arts and Culture to host a grand prix at Kyalami from 2027.

>"South Africa will seek to host Formula 1 at Kyalami in 2027," minister Kumbudzo Ntshaweni confirmed. "The bid is fully funded by the South African private sector and, if successful, will contribute to job creation and economic development."

>She added that the plan includes guarantees for an initial three-year deal through 2029.

>Kyalami, north of Johannesburg, last hosted Formula 1 in 1993. The FIA has already approved plans to upgrade the circuit to Grade 1 standard, with work expected to finish next year.

>The news comes as Formula 1 also confirmed one of its most historic events will remain on the calendar long-term, with Monaco's street race extended until 2035.

>F1 CEO Stefano Domenicali hailed the "unique vibe" of the glamorous Principality, while Prince Albert II said the new deal reflected Monaco's "unique place in the international motorsport landscape".

>The Monaco extension builds on an existing agreement that ran through 2031, meaning the sport's oldest and most prestigious street race is now secure for another decade.