Cape Town hotels, battling with low occupancy rates and locked in price wars, will have to weather the economic storm for at least three years, say industry experts.
In the months leading up to the World Cup, a number of high-end hotels opened....
Investors in Sharemax's two largest syndications, Zambezi Retail Park and The Villa, did not receive their normal income payments on Tuesday. It is usual for investors to receive these payments at the end of each month.
A judgment handed down by the Pietermaritzburg High Court on Friday 27 August 2010 will see IFA having to pay over R18m to leading privately owned construction company Liviero.
The dispute between Liviero and IFA, which dates back to August 200...
