West Coast Business News & Directory.

Club Mykonos Langebaan, Trematon buys 81.7% of shares.

CAPE TOWN-based investment company Trematon Capital Investments is now the out-and-out dominant shareholder in Club Mykonos Langebaan – managing to achieve this with a deal that looked anything but expensive. In June last year Trematon pitched an offer of 200c/share to all shareholders of CML. Initial reaction was that the offer was on the ‘low side’, and that Trematon would be lucky to garner...

In Langebaan a Skipper swims almost 4km for friend

A skipper swam 3.7km to get help for his friend when his boat capsized at a popular diving reef called Needles near Langebaan yesterday. Robert Guthrie, 47, of Langebaan and his friend Deon Louw, of Hopefield, were spear-fishing when their open-decked boat capsized at about 1.30pm yesterday. Leaving Louw perched on the hull of the boat, Guthrie, a member of the defence force, swam to the nearby Malgas...

ArcelorMittal to close Saldanha steel plant

Within hours of Anglo American-controlled Kumba Iron Ore (KIO) dropping the bombshell that it wanted payment in advance for higher interim iron-ore prices, South Africa’s largest steelmaker ArcelorMittal (AMSA) announced that it was taking immediate steps to close its Saldanha export steel works and to cut domestic steel production drastically, which puts 3 000 to 4 000 jobs at risk, and which...

Langebaan and Struisbaai fishers granted permits

Langebaan and Struisbaai fishers granted permits Published in: Legalbrief TodayDate: Tue 06 July 2010Category: In CourtIssue No: 2596 Artisanal net fishers from the Langebaan and Struisbaai areas have been granted permits to fish by the Department of Agriculture, Forestry and Fisheries after a protracted court battle, says a Cape Times report. Judge Nathan Erasmus said an order had been...

Green Scorpions coming to Langebaan

A knock on the door by the Green Scorpions was probably the last thing the owners of a dozen Melkbosstrand seafront properties were expecting. But they are all alleged to have infringed environmental regulations by illegally extending the footprint of their properties into the proclaimed public open space on the adjoining coastal dune, and to have caused some degree of ecological damage to the sensitive...

Trematon makes a move to buy Club Mykonos Langebaan

ALTHOUGH I’m (unfortunately) not a shareholder in the PSG Group, enormous value can be garnered just by glancing through this adventurous investment company’s annual report. Executive chairperson Jannie Mouton is always refreshingly candid about corporate matters, and you won’t find the stuffy executive-speak that usually characterises an annual review. I’ve always keenly anticipated...

Langebaan Lagoon could suffer massive environmental disaster

A “shocked and embarrassed” Public Works Minister, Geoff Doidge, says he was unaware his department was constructing a R100-million boat yard for the SANDF’s Special Forces in Langebaan Lagoon without the necessary environmental approvals. He has now asked his Water and Environmental Affairs counterpart, Buyelwa Sonjica, to set up a joint task team from their departments to undertake...

Langebaan skate park nearly finished

Here are some more photos from Kevin Schnider of the Langebaan park which is about 1.5hours up the West Coast. This has been in the works for a while and the guys at Cape Sports Club are the ones behind this project. It’s still going to be a couple of weeks before it’s done. I’ve approached them about doing some kind of demo at the Grand Opening, so we’ll see. There is accommodation...

Curro Private Schools in Langebaan sells 26% to Paladin Capital

Cape Town – Paladin Capital, PSG’s preferred investment vehicle, has bumped up its stake in Curro, a private education venture, to 76%. In releasing results for the year ended February on Tuesday, Paladin, which already owned 50% of Curro, disclosed the purchase of a further 26% stake for R52m. The latest transaction infers a value of around R200m for Curro, which operates private schools...

Langebaan’s Villa Diamante residents unhappy about poor building quality

Unfinished construction and massive losses of income have owners of units in Langebaan’s Villa Diamante residential development furious, out of pocket, and taking legal action.Owners say the development has been characterized by shoddy workmanship from the start, and the builder and the developer have dodged their commitments and continually made excuses.Some owners have instituted legal action...