| Type: | NC |
| Country: | South Africa |
| Flag Suffix: | 1928 |
| Grand Prix: | Cape |
| Official Name: | V Cape Grand Prix |
| Location: | Killarney Circuit, Cape Town |
| Date: | 2 January |
| Year: | 1962 |
| Course: | Permanent racing facility |
| Course Mi: | 2.058 |
| Course Km: | 3.312 |
| Distance Laps: | 60 |
| Distance Mi: | 123.47 |
| Distance Km: | 198.71 |
| Pole Driver: | Jim Clark |
| Pole Country: | UK |
| Pole Team: | Lotus-Climax |
| Pole Time: | 1:28.4 |
| Fast Driver: | Jim Clark |
| Fast Team: | Lotus-Climax |
| Fast Time: | 1:29.1 |
| Fast Country: | UK |
| First Driver: | Trevor Taylor |
| First Country: | UK |
| First Team: | Lotus-Climax |
| Second Driver: | Jim Clark |
| Second Country: | UK |
| Second Team: | Lotus-Climax |
| Third Driver: | Jo Bonnier |
| Third Country: | Sweden |
| Third Team: | Porsche |
The 5th Cape Grand Prix was a motor race, run to South African Formula One-style rules, held on 2 January 1962 at Killarney Motor Racing Complex, Cape Town, South Africa. The race was run over 60 laps of the circuit, and was won by British driver Trevor Taylor, in his Lotus 21.
There were no great differences between the local rules to which this race was run and the international Formula One rules, but for example sports car bodies were permitted, such as the Porsche special driven by Jennings.
The race was dominated by Taylor and Jim Clark, and they swapped the lead several times during the race, after Jo Bonnier had led for the first three laps. After Clark spun, Taylor was able to keep the lead for the last ten laps to take the victory.
Local driver Vic Proctor's homebuilt car with its Alfa Romeo engine was deemed unraceworthy by the race organisers, and was excluded before Proctor set a time in practice.[1]
| Pos | No. | Driver | Entrant | Constructor | Time/Retired | Grid | |
|---|---|---|---|---|---|---|---|
| 1 | 2 | Trevor Taylor | Team Lotus | Lotus-Climax | 1.30:54.0 | 2 | |
| 2 | 1 | Jim Clark | Team Lotus | Lotus-Climax | + 0.6 s | 1 | |
| 3 | 5 |  Jo Bonnier | Porsche System Engineering | Porsche | + 6.6 s | 3 | |
| 4 | 6 |  Masten Gregory | UDT Laystall Racing Team | Lotus-Climax | + 38.6 s | 4 | |
| 5 | 8 |  Tony Maggs | Yeoman Credit Racing Team | Cooper-Climax | + 42.0 s | 6 | |
| 6 | 4 |  Edgar Barth | Porsche System Engineering | Porsche | 59 laps | 5 | |
| 7 | 3 | Syd van der Vyver | Syd van der Vyver | Lotus-Alfa Romeo | 58 laps | 8 | |
| 8 | 7 | Ernie Pieterse | Scuderia Alfa | Heron-Alfa Romeo | 58 laps | 9 | |
| 9 | 21 | John Love | A.H. Pillman | LDS-Porsche | 58 laps | 6 | |
| 10 | 16 | Helmut Menzler | Ecurie Wolman | Lotus-Borgward | 57 laps | 11 | |
| 11 | 22 | Bob van Niekerk | Ted Lanfear | Lotus-Ford | 56 laps | 12 | |
| 12 | 20 | Fanie Viljoen | G.E. Mennie | LDS-Climax | 55 laps | 13 | |
| 13 | 24 | Bernard Podmore | Bernard Podmore | Lotus-Ford | 54 laps | 16 | |
| 14 | 10 | Neville Lederle | Neville Lederle | Lotus-Ford | 48 laps | 15 | |
| Ret | 19 | Bruce Jennings | Bill Jennings | Jennings-Porsche | Valve gear | 19 | |
| Ret | 23 | Adrian Pheiffer | Adrian Pheiffer | Cooper-Alfa Romeo | Stub axle | 10 | |
| Ret | 18 | Clive Trundell | Clive Trundell | Cooper-Climax | Engine | 17 | |
| Ret | 25 | John Guthrie | Ecurie Rhodes | Cooper-Alfa Romeo | Engine | 18 | |
| Ret | 15 | Sam Tingle | Sam Tingle | LDS-Alfa Romeo | Engine | 14 | |
| EX | 17 | Vic Proctor | Vic Proctor | Vic-Alfa Romeo | - | ||
| WD | 9 | Bruce Johnstone | Yeoman Credit Racing Team | Cooper-Climax | Car damaged | - | |
| WD | 11 | Doug Serrurier | Scuderia Alfa | LDS-Alfa Romeo | - | ||
| WD | 12 | Doug Serrurier | Scuderia Lupini | Cooper-Maserati | - | ||
| WD | 14 | Don Philp | Don Philp | Quodra-Climax | Car not ready | - |