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It will be headed to Japan, North America and Australia in limited numbers.
That places it among the most expensive road cars currently listed anywhere in the Middle East.
What started as a design exercise quickly attracted enough attention to become a real-world commission.
The entry-level GT Coupe costs more than two new Porsche 911 Carreras.
Inspiration came from the 1974 Holbert Racing Porsche 911 Carrera RSR 3.0.
Once it reaches South Africa, expect the final figure to exceed R14 million depending on specification and import duties.
Porsche admits that many buyers are still cautious about making the jump to full EV ownership.
This GTS took things to another level with approximately $131,000 worth of extras added.
The idea of another halo model is still very much alive behind the scenes.
Power comes from the same Mercedes-AMG-sourced turbocharged four-cylinder engine, but output has been lifted.
It will hit 100 km/h (62 mph) in just 2.5 seconds and continue to 200 km/h in 6.8 seconds.
Ferrari only provides a three-year warranty, meaning any major component failure after that point becomes the owner’s responsibility.