From Creamer Media in Johannesburg, this is the Real Economy Report.
The first phase of Tsogo Sun’s R640-million refurbishment and expansion of the Gold Reef City complex is nearing completion. Megan van Wyngaardt has the story.
Megan van Wyngaardt:
Construction, which started a year ago, saw the rejuvenation of the casino with new carpeting, upgraded lighting and décor and additional slot machines, a new Privé section and family friendly additions.
Tsogo Sun CEO Marcel von Aulock
Megan van Wyngaardt:
Tsogo Sun had spent about R300-million to date, with Von Aulock pointing out that the development was still within budget and on time.
Marcel von Aulock
Megan van Wyngaardt:
The second phase of construction would see Tsogo Sun changing the nature of the Gold Reef City theme park
Marcel von Aulock
Sashnee Moodley:
Other news making headlines this week: South African Airways and Samsung launch an in-flight entertainment partnership.
And, Zendai is set to break ground on its first residential development.
National carrier South African Airways and technology giant Samsung Electronics South Africa have partnered to launch new in-flight entertainment for business class passengers on its regional flights of less than four hours.
SAA global marketing head Kim Thipe
Hong Kong-listed Shanghai Zendai is set to break ground on its first luxury residential development in South Africa as part of its wider long-term 25- to 40-year plans to transform its expansive Modderfontein-based property into a 22 km2 mixed-use ‘city’ in proximity to OR Tambo International Airport.
Zendai Development South Africa CEO Anthony Diepenbroek
That’s Creamer Media’s Real Economy Report. Join us again next week for more news and insight into South Africa’s real economy.