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Porsche pays $19.5 million for South African race track that once hosted F1 champions

South Africa's most famous motor racing track just got an extension.

The South African unit of sports car maker Porsche bought the Kyalami race track for $19.5 million at an auction Thursday, easing concerns among racing enthusiasts that the winning bidder would tear up the track and build office or commercial buildings in its place.

Read more: Porsche pays $19.5 million for South African race track that once hosted F1 champions
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