A Malaysian politician tearfully offered her resignation after nude photos of her were circulated.
Virgin invests R1.2bn
Article By:
Thu, 24 Jul 2008 13:59
Virgin Active is to spend R1.2-billion to refurbish gyms and open up
to 40 new clubs in the next five years, Business Day reported on
Thursday.
"The company, which was launched in SA in 2001 and has 84 clubs,
said the expansion would increase its membership of about 500 000 by 50
percent within three years," the report read.
Health club rival Planet Fitness recently unveiled plans to open a
R100m gym in Sandton and planned to spend as much as R500m on a
countrywide expansion over five years.
Both Virgin and Planet Fitness were expanding to tap the growing
market for health clubs as more people adopted a healthier lifestyle,
Business Day reported.
Virgin MD Mark Field said R750m of the total expansion budget had
been put aside for an overhaul of existing clubs in the next three
years, including the supply of ultramodern equipment. The balance would
be spent on building 40 new clubs.