The last of three luxurious Cape Town penthouses has been sold to a Nigerian businessman for R55-million, the Sunday Times reports.
After the final sale, the three properties, located on the top floors of the five-star One and Only Hotel, now have a combined value of R228-million.
The sale of the second penthouse was registered last week. The property was sold as an empty shell, with a private lift, glass-enclased bedroom suites, and a private terrace and swimming pool.
"It is expected to be valued at almost R90-million upon completion," Seeff Atlantic Seaboard managing director Ian Slot told the newspaper.
The first penthouse sold for R110-million in 2008.
Burger King aims to take "a big chomp" out of SA’s R17-billion fast-food market, GPI's chairperson said.
Gauteng has commissioned studies to explore the feasibility of extending the Gautrain rail service.
Anglo American Platinum is planning to slash 6000 jobs in its restructuting process, it said.
