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Tsogo Sun dumps R23bn casino disposal deal with Hospitality

  • Published in News

In July, the company said it would sell a portfolio of seven of its casino and hotel businesses to the Hospitality Property Fund. Hotel and gaming group Tsogo Sun on Monday ditched its proposed disposal of seven mixed-use casino properties to Hospitality Property Fund and also the subsequent distribution of the group’s entire holding of Hospitality shares to Tsogo shareholders after some investors did not support the transaction.

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Reduce, reuse and recycle with Hulamin

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In May this year the Department of Environmental Affairs announced on an ambitious strategy to embark on a “source to sea” initiative to combat plastic pollution.  Since then there has been an increased focus worldwide regarding packaging with South Africa being among the countries to join the Clean Seas campaign initiated by the United Nations Environmental Program.

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The crazy amount of money that bosses get paid in South Africa

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Deloitte has published its annual Executive Compensation Report, showing what top executives earn in South Africa. The 2018 report analyses the remuneration disclosures of executives from JSE listed companies over the past 7 years, and paints a picture of how executive pay has shifted over the years, and a possible way forward.

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Small businesses are susceptible to cybercrime

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Small businesses with less than 50 employees can be a prime target for cybercriminals because of the data they hold for clients and employees. The data can fetch a high price if sold or ransomed and can open up new revenue streams for enterprising criminals. 

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Eskom to cut management jobs

  • Published in News

Eskom has approved a plan to cut jobs at a management level in a bid to further save on costs at the group. The power utility said that despite efforts to curb expenditure, its operating costs have continued to increase dramatically while output has remained largely unchanged.

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Here is the official petrol price for November 2018 – with a nasty shock for diesel

  • Published in News

The Department of Energy has published the fuel price adjustments for November 2018 – announcing no changes to petrol prices, with another nasty hike for diesel. According to the department both grades of petrol (93 and 95) will see no increase of decrease, while diesel will be going up by between 48 and 51 cents per litre (for 0.05% sulphur and 0.005% sulphur, respectively).

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New development provides more than 3 000 homes

  • Published in News

Conradie Hospital has been abandoned for 16 years. Now, a plan is finally underway to transform the hospital’s 22-hectare site into an integrated, sustainable, affordable, and mixed-use property development. The construction of the development will take 5 to 7 years.

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Automated parking to roll out in 2019

  • Published in News

An innovative, efficient and safe solution to the lack of parking in Cape Town’s CBD will soon be arriving, meaning driving in endless circles to find a spot may become a thing of the past. The self-operating AutoDock parking facility is scheduled to launch at the start of 2019. AutoDock is a fully automated parking service capable of allowing 16 cars to fit in a space of just two.

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