It took place on the weekend of 4–6 September 1992 at Kyalami, the first time the series had raced on the new circuit following the demolition of the classic layout in 1988 to redevelopment.

Rainey gets the start from Kocinski, Doohan and Kevin Schwantz.

Chandler makes it a 3-way fight for first with Rainey and teammate Kocinski.

"[3]: 172 Rainey's 3rd place is enough to win the championship by 4 points.

Kocinski goes to Suzuki 250 GP next year, then is fired and goes to Cagiva.