South Africa’s Kyalami racetrack, where Formula One drivers such as Michael Schumacher and Ayrton Senna competed in Grand Prix races, may fetch more than R200 million in a July 24 auction.
Leadership has nothing to do with seniority or one’s position in the hierarchy of a company.
When Tsogo issued information on SABMiller’s exit on the Stock Exchange News Service on July 7, it did not tell shareholders the R200m loan did not have a fixed repayment date and was interest-free.
Despite the weak rand, making South Africa a haven for tourists, the country has not managed to pull in as many foreign visitors as it had hoped for over the past few months.
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