Filipino ports and casino billionaire Enrique Razon, whose company won an multi-billion-rand bid to revive sub-Saharan Africa\u2019s biggest container port, has bought a development that includes one of South Africa\u2019s top 10-ranked golf courses.<\/p>\n\n\n\n
Entities associated with Razon are buying Pearl Valley\u2014a Jack Nicklaus signature golf course\u2014and the hotel on the property in the Cape Winelands from a company controlled by shareholders that include Ryk Neethling, a South African businessman and Olympic gold medalist in swimming.<\/p>\n\n\n\n
The nation\u2019s anti-trust authority approved the purchase, according to a March 20 government notice.<\/p>\n\n\n\n
Razon chairs International Container Terminal Services Inc., which in 2023 won a bid to develop South Africa\u2019s port of Durban and operate it for 25 years. <\/p>\n\n\n\n
A local court temporarily blocked the deal last year after an A.P. Moller-Maersk A\/S unit challenged the award.<\/p>\n\n\n\n
ICTSI operates more than 30 port terminals in 20 countries. <\/p>\n\n\n\n
Razon\u2014who chairs and is president of Pilipinas Golf Tournaments Inc. and is a major supporter of the sport in his home country\u2014has an estimated net worth of $9.1 billion, according to the Bloomberg Billionaires Index.<\/p>\n\n\n\n
Razon also founded and runs Bloomberry Resorts Corp, the Philippines\u2019 biggest casino operator.<\/p>\n","protected":false},"excerpt":{"rendered":"
Filipino billionaire Enrique Razon has bought a development that includes one of South Africa\u2019s top golf courses.<\/p>\n","protected":false},"author":59,"featured_media":818049,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9872],"tags":[22111,853],"class_list":["post-818048","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-pearl-valley-golf-course","tag-south-africa"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/818048","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=818048"}],"version-history":[{"count":2,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/818048\/revisions"}],"predecessor-version":[{"id":818053,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/818048\/revisions\/818053"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/818049"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=818048"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=818048"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=818048"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}