By Bronwynne Jooste

Atlantic seaboard residents who say they are frightened to use their own roads because of a speeding driver who tears through the neighbourhood in a silver Lamborghini, can breathe a sigh of relief.

The offending vehicle has been sold, and its former owner reduced to using his girlfriend's black Aston Martin or travelling in metered taxis.

Several residents of Mouille Point and Sea Point claim the driver, who is involved in the luxury car business, has been putting their lives in danger with his "reckless" driving.

A car showroom owned by the man was packed with luxury BMWs, Ferraris and Hummers, but there was no sign of the Lamborghini.

The speeding driver was unavailable for comment this week but his employees said he had sold the car in question, which is said to have cost him more than R3-million.

The man, who lives in Mouille Point, clearly has a taste for expensive Italian sports cars. This was reportedly his third Lamborghini in a year.

Merle Lourens of the City of Cape Town's traffic department said they had received "endless complaints" about a Lamborghini speeding through the plush seaside suburbs.

Trouble started last year when complaints started pouring in about an orange Lamborghini.

Lourens said the driver was arrested for speeding and the orange car was sold.

But no sooner was the vehicle off the streets, than a pale blue successor was speeding in its place.

A few months later the blue car was involved in an accident and disappeared.

Residents were happy until a silver Lamborghini was seen flashing down Sea Point's Beach Road, sparking yet another flurry of complaints.

Rick Cheetham said he and his wife spent weekends at the beachfront, and he often saw the speeding luxury car.

"It's just ridiculous the speeds he was reaching. He would accelerate and reach something like 160km/h in no time.

"It's totally crazy. He was showing off."

Other residents complained that the vehicle had posed a major safety hazard.

Many said they were afraid to venture out to walk their dogs or enjoy a leisurely stroll for fear of being run down.

New research has found that speeding drivers put themselves at risk of becoming victims of road rage.

Synovate, a market research company whose representatives spoke to drivers in Cape Town, Durban and Gauteng, says more than 54 percent of sports car drivers said they experienced aggressive or threatening behaviour when they were on the road.

High-performance cars had the largest relative proportion of drivers who admitted to driving fast and recklessly, which was why more aggression was directed at them on the road, Synovate suggested.

In July four people were killed in a smash involving a Lamborghini and a CitI Golf in Gauteng.

The Lamborghini driver is alleged to have lost control of his vehicle, hitting the Golf in the oncoming lane.

Both cars burst into flames on impact, killing the LaMborghini driver and all three occupants of the Golf.