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Old April 1st, 2008, 08:59 PM   #1
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...Cape Town Discussion (Closed Feb 2009)

Time to start afresh in the Cape
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Old April 2nd, 2008, 04:26 PM   #2
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SA Reit expands its portfolio
02 Apr 2008 - Inet Bridge -

Intro
SA Reit has been busy since it relisted from the JSE late last year as a new-look, recapitalised property investment and development company

Business Day Reporter

SA REIT (formerly Shops For Africa) has been busy since it relisted from the JSE late last year as a new-look, recapitalised property investment and development company with an initial portfolio of 10 properties.

The company announced this week that it would undertake a major facelift and refurbishment of a Cape Town central business district landmark building, 22 Long Street, to transform it into prime A-grade offices.

This follows last week’s announcement that it was selling a half share in two other adjoining properties in the Cape Town central business district to Redefine Income Fund, and that the two companies would jointly be redeveloping the consolidated properties into a landmark triple-A-grade office block with a gross lettable area of 24000m², at a cost of more than R600m.

The redevelopment of the two properties, which are in the heart of what is becoming the new financial hub of Cape Town, is expected to be completed by the first quarter of 2010.

MD Arnold Maresky said 22 Long Street, which it acquired in October for R81m, was being completely revamped internally and externally to reposition the old building as a modern A-grade office facility.

The building was selected for its redevelopment potential in line with the company’s strategy to primarily invest in properties where it could add value.

SA Reit also announced recently that it had acquired three other properties in Cape Town for a total cost of R70m, boosting the value of its portfolio of primarily Western Cape-based properties to more than R440m.

Source: Business Day
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Old April 2nd, 2008, 07:48 PM   #3
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how hot is Cape Town's cbd right now??..i wouldnt be suprised to hear news of more and more developments as construction companies rush to get ready for 2010
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Old April 2nd, 2008, 08:27 PM   #4
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World Economic Forum on Africa convenes in Cape Town in June 2008

The World Economic Forum on Africa will be held in Cape Town, South Africa, from 4 to 6 June 2008.

Under the theme Capitalizing on Opportunity, the 18th World Economic Forum on Africa will address the challenges to which Africa must rise if it is to be seen as a reliable and competitive partner in the global economy. A globally-attuned agenda that secures Africa’s place in capitalizing on opportunity will be built around five core pillars:

1. Re-engineering Growth
2. Unfinished Business
3. Innovate or Perish
4. Partnership without Borders
5. Licence to Lead

These pillars will reflect on how to capitalize on continued African economic growth at a time of a general global economic downturn.

“2008 is forecast to be yet another year of more than 5% growth for Africa. However, recent events suggest that even with the promise of prosperity on the horizon it will take more than mere potential to get us there. Collaboration and innovation will be needed to capitalize on the opportunity for rapid development that the region faces. The agenda will focus on collaboration, building trust and on opportunities,” Børge Brende, Managing Director, Regional Teams, Governments and Constituents, World Economic Forum.

The Co-Chairs for the World Economic Forum on Africa are Aliko Dangote, President and Chief Executive Officer, Dangote Group, Nigeria; E. Neville Isdell, Chairman and Chief Executive Officer, The Coca-Cola Company, USA; Wendy Luhabe, Chairperson, Industrial Development Corporation of South Africa, South Africa; Sultan Ahmed Bin Sulayem, Chairman, Dubai World, United Arab Emirates.
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Old April 2nd, 2008, 08:30 PM   #5
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After the thousands of cyclists for the Argus and the worlds largest mountain bike event currently being hosted in Cape Town. The Junior World Champs head our way in July.

CT getting ready for World Junior Champs
City Centre race on the cards

Wednesday, April 02, 2008

The 2008 UCI Junior World Championship move to Cape Town in July and preparations are already in full swing for the event.

The event is organised by Treble Entertainment who, on behalf of the UCI and in conjunction with Cycling South Africa, staged the 2007 UCI B World Championships and are also the organizers of the Intaka Tech Worlds’ View Challenge in KZN – the highest ranked international series of road events in Africa.

This event, held from July 12 to 20, will see around 1700 National Federation representatives from close on 50 countries participating. The championship incorporates five days of track cycling at the Bellville Velodrome, individual time trials in Wellington and an individual road race around the City of Cape Town.

The planned roadworks along Main Road from Muizenberg through to Fish Hoek has precluded utilizing the same route as in 2007 that incorporated the ‘Cycle Tour’ road race round the Peninsula but the event organizers have decided to showcase Cape Town from a different perspective. The proposed route was recently finalized after a visit by two UCI officials.

“The decision was to look at a circuit route through the CBD as well as along the Foreshore and out towards the Southern Suburbs along scenic De Waal drive,” explains event manager, Denzil Ulyate. “This means that the international cyclists will cycle in the shadow of Table Mountain with beautiful views across to Robben Island – great from a competitor, spectator and international television broadcast perspective. In addition, the route has some very tight corners, great long sprint sections as well as steep inclines.”

Honorary President of the local organizing committee and Executive Deputy Mayor of Cape Town, Cllr Grant Haskin has also given the route his blessing. “A circular route through the City of Cape Town is going to be great for spectators and the city,” he says. “We will be able to identify key vantage points along the course to ensure Capetonians are able to watch these elite juniors (under 18’s) from around the world in action.”

The 2008 UCI Junior World Championship individual road race will take to the streets of Cape Town on Sunday, July 20. The total route for the men is 133.6km – which means 8 laps of the circuit, while the women will complete 5 laps of the circuit to make up the total distance of 83.5kms.

The importance of an event like the UCI Junior World Championships is crystallised when looking at a list of recent and current world cycling stars who have either won, or been placed in the top three, at the Junior World Championships in the past, and these include:

- Greg Lemond (Three times winner of the Tour de France)
- Erik Dekker (Multiple stage winner of Grand Tours and events)
- Jan Ulrich (Winner of the Tour de France)
- Ivan Basso (Second in Tour de France; Winner of Giro d’Italia)
- Steffen Wesemann (Winner of 2004 Road World Cup)
- Michael Rogers (Three times Time Trial World Champion)
- Damiano Cunego (Winner of Giro D’Italia and UCI ProTour)


The UCI Junior World Championship was staged in Aguascalientes (Mexico) last year and will move to Moscow (Russia) in 2009. This fact alone once again firmly establishes the City of Cape Town as an international sporting venue to rank with the best in the world.
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Old April 3rd, 2008, 01:08 AM   #6
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Central City Projects

Foreshore

CTICC Expansion and hotel (R730m)
Roggebaai Building
SA Reit Building
Harbour Bridge, Roggebaai (R180m)
Canal Quay, Roggebaai (R220m)
Desmond Tutu Peace Centre (R140m)
Erf 9 and 10, Jan Smuts, Foreshore

CT Harbour expansion (R4,5bn)
Amway House site

Green Point

Jarvis House, Green Point (R300m)
Cape Quarter Expansion (R100m)

World Cup Stadium
Green Point Sport and Urban Park (R160m)


Waterfront

V&A Waterfront expansion
One&Only Hotel - R900m
Somerset Hospital site - R1 billion

Central

#4 Church Square (R20m)
Piazza on the Square (R70m)
Holiday Inn Hotel
New Hotel, Buitengracht/Wale
Liebenberg and Stander Building
Cnr Riebeeck/Bree – two sites
The Pulse (R600m)
T1, Strand/Buitengracht
Strand on Adderley (R2,2bn)
Golden Acre upgrade (R475m)
11 Adderley upgrade
Oscar Pearse Hotel (R220m)
Taj Hotel (new - R500m)
106 Adderley commercial/retail (R300m)
Central: Cape Sun upgrade (R56m)
Townhouse Hotel/Plein Park upgrade
Citroen Building (R90m)
Oval Institute (R12m)
Malgas/Brian Porter site
D6 Homecoming/Sacks Futeran (R30m)
Creative House, Church Square

Central: Four Seasons, Buitenkant (R100m)

Temple House, Buitenkant
Parliamentary extension (R750m)
Central: Parliamentary residential complex (R1,2bn)
Granary Building (R35m)
Greenmarket Square (R4m)
St Andrew’s Square (R8m)
Pier Place (R2m)
Harrington Square
Central: CT Station, phase one (R300m)
Company’s Gardens upgrade (R1m)

Gardens


Wembley Square extension, Lower Gardens
Orangerie, Lower Gardens (R180m)
15 on Orange Hotel, Lower Gardens (R500m)


East City Precinct


The District, Woodstock
The Boulevard, Woodstock -R750m
The Edge
Drill Hall/CT Library

City Hall (R81m)
Good Hope Centre (R50-75m)
Salt River Market (R1m)
Grand Parade (R23,5m)
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Old April 3rd, 2008, 12:12 PM   #7
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CT CBD site to become office block
2008/04/03

A prime Cape Town CBD site will be redeveloped to create a landmark triple A grade office block at a cost of more than R600m.

SA REIT currently owns the two properties which will be consolidated for the redevelopment but intends selling a half share in the sites to Redefine Income Fund, ahead of the redevelopment taking place, for a total consideration of R51,7m in cash.

The two properties - which are in the heart of the new financial hub of Cape Town adjacent to Investec and Edward Nathan Sonnenbergs - are the Curry Building situated on the corner of Bree, Long and Mechau Streets and the CMH Building situated at the corner of Bree, Long and Hans Strijdom Avenue.

Arnold Maresky, managing director of SA REIT, said they were planning an iconic 18-storey building offering a total of 24,000sq m of Triple A grade offices with parking provided at a ratio of four bays per 100sq m. He said construction was expected to get underway in June this year with completion scheduled for the first quarter of 2010.
He said SA REIT had also signed a joint venture, development and enterprise agreement with Redefine for the development of the properties and subsequent holding and management as a commercial rental enterprise.
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Old April 3rd, 2008, 12:48 PM   #8
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Any info on this ones Cape Townians?









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Old April 3rd, 2008, 02:45 PM   #9
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Woodstock building renovated

2008/04/03

With Woodstock fast becoming one of Cape Town's most sought-after suburbs, there's a growing need for developers to retain the charm and heritage that defines one of the city's oldest areas.

According to Deirdre O'Donovan of Saffron Developments it was with this in mind that they approached the extensive renovations of Trafalgar House, a traditional Victorian-type building in Victoria Road that was established in 1928.

Woodstock went into a slow decline in the mid 1980's, when the major retailers relocated out of the area. However, following a sustained effort by residents and businesses in the suburb, the Cape Town City Council last year approved the formation of the Woodstock Improvement district. As a result, Woodstock is fast becoming a cleaner and safer place in which to live and do business.

"This development is perfect for young professionals, or just as an affordable investment," says O'Donovan.

"The two-story development consists of nine apartments and nine commercial units. They each have high ceilings and oregon pine wooden floors.

There are shops and a park within walking distance of the development.

With floor areas between 62 and 81sq m, the apartments consist of a kitchen, lounge area, one bathroom and a choice between one or two bedrooms.

"Depending on size, the commercial units are available between R495k and R695k, the apartments priced from R550k to R595k," says Louise Maranz of Vered Estate.
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Old April 4th, 2008, 04:24 PM   #10
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City's rail could go underground

4 April 2008, 15:14
Related ArticlesUnderground rail network for Cape?
Huge machine will speed up Gautrain project
Gautrain could mean big bucks for residents
Traffic gridlocks may go Underground
Investigations are under way into an underground rail network that could see Cape Town follow in the footsteps of New York and London.

The proposal could see houses being built where railway tracks are now situated, it was revealed yesterday by Intersite, Metrorail's property arm, during a presentation on its 2010 plans.

Regional manager Lindelo Matya said the proposal to sink the railway system between Cape Town, Woodstock and Esplanade stations below ground level was still being investigated.

One of the possible options was for the land above to either be developed into real estate or to become public open space.

Matya said the intention was to maximise the use of space.

"The way the station is configured now affects its future growth... we want a station that allows future growth. The argument for the underground is that it will free all that land which could be used for so many other things," he said.

But no final decision had yet been made. A technical team was doing feasibility tests.

Matya said the re-imaging to be done at Cape Town Station ahead of the 2010 World Cup would be the first phase and should give a fair idea of what the station could look like for the next 50 years.

Construction was due to start in June and was expected to be completed in December next year.

The R300-million development was set to revitalise the station into a pedestrian-friendly facility with a spruced-up business development centre.

Once completed it would boast a range of tourist retail facilities, including a rail museum, art gallery, restaurants and convenience stores. All markets would move under one roof on the station deck, where traders would have lock-up kiosks.

Key design priorities were the need to improve operational efficiency, information management, safety and security.
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Old April 6th, 2008, 11:42 PM   #11
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Rapid bus system is 'on target' for 2010 - city



By Babalo Ndenze

The City of Cape Town's transport officials are confident that the first phase of its Bus Rapid Transport system, will be ready in February 2010, four months before the World Cup gets under way.

The bus system will be done in four major phases. The first will be the N2 Airport link with the inner city.

The city decided to go ahead with the new bus system after receiving R836 million from the national Treasury.

Lloyd Wright, an international technical specialist in bus rapid transit, appointed by the city to advise and lead them in the project said they were required to deliver the product around June 2010.

"Therefore we aim to have the (first phase) initiated in February 2010," said Wright.

Of seven metropoles developing Bus Rapid Transport system systems, only Johannesburg is ahead of Cape Town in implementing the system.

Johannesburg, which is hosting the Confederations Cup next year, has already signed a memorandum of understanding with the taxi and bus industry.

Wright, who has extensive experience in rapid transport systems, especially in South America, said getting the taxi industry on board would probably be their biggest challenge.

He said in almost all the countries he's worked for in Asia and South America, existing transport operators posed a challenge.

The city will invest R43m to "capacitate" the bus and taxi industry.

Buses will be ordered in the last quarter of the year and delivery will take between nine to 12 months.

Wright said the term "war of the penny" was used a lot in South America because of many people's lack of a consistent income.

Wright said taxi and bus operators - once incorporated into the system - would no longer have income problems because of the number of passengers who are expected to use the service. The city will start formal talks with the industry in July.

Mayoral committee member for transport Elizabeth Thompson said the project would benefit the city in the long term.

"It is very important to stress from the start that the total process is a multi-year initiative, up to 2020 and that we are seeking to deliver this in phases. 2010 must be seen as a catalyst for implementing our transport plan objectives in the short-, medium- and long-term.

By 2010 we will begin to see some of the outcomes of the interventions and improvements focusing on enhancing and optimising the current network, system and infrastructure," said Thompson.

Transport executive director Eddie Chinnappen said the management of the system would be outsourced
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Old April 6th, 2008, 11:43 PM   #12
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2010 transport projects keep up the pace, says report



By TRANSPORT WRITER

Most of the city's transport projects needed to support 2010 World Cup venues in Cape Town, including the Klipfontein and Koeberg transport corridors and the development of a 3 000-vehicle parking bay near Green Point stadium, are going full steam ahead, according to the city's World Cup progress report .

On the Klipfontein corridor, conceptual planning has been completed with the Khayelitsha, Athlone and Mowbray phases already under construction.

Preliminary designs for the first phase of the Koeberg public transport corridor are expected by the end of April.

Designs for the Cape Town Station upgrade for 2010 were also made public yesterday.

Intersite Property Management Services has developed conceptual proposals for how the station should function for 2010 and beyond. They have initiated a public participation process to inform stakeholders of the proposals and give them a chance to comment.

"The proposals plan to give the existing station a facelift. Key proposed changes include proposals to move the long distance bus operators to a new location on the Old Marine Drive edge of the station.

"The city concourse will be opened up with doors on the Adderley Street side to allow easy movement through the area.

"The upgrades will create a large number of retail opportunities for both formal tenants and informal traders," said the company.

Lindelo Matya, Intersite's regional manager, said "these proposals should be celebrated as such initiatives deliver on the promise that the 2010 World Cup event will have a positive legacy for the city".
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Old April 7th, 2008, 12:27 AM   #13
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Inner City BRT Design Report
Possible Design, Route and Images of route (top to bottom then left to right)





Stations indicated 1-5.


View of route:


First six images are the Sea Point Access
Remaining images: City Loop
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Old April 7th, 2008, 07:09 PM   #14
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Cape Town & Western Cape launches domestic tourism campaign
Monday, April 07, 2008

If you thought you knew it all when it comes to Cape Town and the Western Cape as a tourism destination, think again – there’s always another reason to visit, and not only in summer, but throughout the year. This is the main message behind Cape Town and the Western Cape’s brand new domestic tourism marketing campaign that started on 5 April.

The ‘Another Reason to Visit’ campaign, worth R6 million and developed together with TBWA/Hunt/Lascaris, will run from April till August 2008. It’s aimed primarily at the Gauteng and Western Cape tourism markets and will also cover KwaZulu-Natal and the Eastern Cape as secondary domestic markets.

“This is the biggest domestic campaign Cape Town Routes Unlimited as the official tourism destination marketing organisation for Cape Town and the Western Cape has ever undertaken. While recent brand research shows that the Western Cape destination brand enjoys a higher profile than its counterparts in the domestic market, the Western Cape is still not the province receiving the most domestic trips in the country. In fact, it came 6th after KwaZulu-Natal, Gauteng, North West, Eastern Cape and Limpopo in 2006,” says Calvyn Gilfellan, Chief Executive of Cape Town Routes Unlimited.

“What we’d like to do with the ‘Another Reason to Visit’ campaign, is to invite South Africa to look at and think differently about Cape Town and the Western Cape, especially what the province has to offer outside of the traditional summer season. Cape Town and the Western Cape is about so much more than just Table Mountain and the beach. We literally have an unlimited supply of hidden tourism gems which we’d like to showcase through the campaign.”

These include gems like West Coast bush pubs and bokkoms (“wind-dried fish”) at Velddrif, “veldskoen” or “rooibostee” shopping at Clanwilliam, soaking in Citrusdal’s mineral baths, sleeping in a San cave near Murraysburg, crocodile cage diving at Oudtshoorn, donkey cart-rides at the historical mission stations of Zoar and Amalienstein, boules at Franschhoek’s Bastille Week, the highest commercial bungee jump off Bloukrans Bridge, getting stuck at Plettenberg Bay’s Mampoer Distillery, water sports ‘through’ the Knysna Heads, sunset picnics on Clifton Beach, taming eels at Stilbaai’s Palinggat and having a beer in a Cape Agulhas pub, Africa’s most southern point.

“Cape Town Routes Unlimited’s job is to attract more visitors to Cape Town and the Western Cape, to draw them back more often, to encourage them to stay longer, spend more, see more of the Western Cape than just Cape Town and to visit throughout the year. With this campaign we specifically want to increase the numbers of domestic trips during our quieter months, May to September, by 5%, as well as to steer visitors out into the Western Cape countryside,” says Gilfellan.

The ‘Another Reason to Visit’ campaign focuses on the holiday market (LSM 8 - 10), and specifically on affluent homely couples (late 20’s and 30’s), young families and couples (40+), and older (‘golden’) but still active couples (50+).

Starting with a Sunday Times newspaper wrap on Sunday, 6 April 2008, the campaign will feature online advertising across prominent websites coinciding with major Western Cape events, radio spots on Metro FM, RSG, 94.7 Highveld Stereo, Radio Jacaranda and 94.5 KFM, as well as extensive print media coverage. Visitors to specifically targeted shopping malls in Gauteng and the Western Cape will experience what the destination has to offer through creative 3D event spaces, called Cape Cafés.

The mall activation kicks off at Soweto’s Maponya Mall and will run there from 15 to 20 April. The activation programme also includes Northgate in Johannesburg (22 – 27 April), Centurion in Pretoria (29 April – 4 May), Sandton City in Johannesburg (6 – 11 May), Cresta in Johannesburg (13 – 18 May), Eastgate in Johannesburg (20 – 25 May), Menlyn in Pretoria (27 May – 1 June), Somerset West Mall (10 – 15 June) and Canal Walk in Cape Town (17 – 22 June).

“We want to reveal a Cape Town and Western Cape that visitors don’t know, show them ways to make their journey more interesting, and encourage them to keep on exploring and discovering. Ultimately, we want the campaign to inspire our visitors to stay longer and come back to our destination,” says Gilfellan.

The ‘Another Reason to Visit’ campaign will include a strong call to action which will be channeled to the Cape Town and the Western Cape tourism website, where a variety of attractive tourism packages and self-drive options will be available. At least 50% of these packages will feature emerging tour operators.
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Old April 8th, 2008, 08:34 PM   #15
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The gruelling Absa Cape Epic, the worlds large mountain bike time trial race comes to a close.

Overseas team wins Cape Epic race




By Courtney Brooks

Team Cannondale Vredestein - comprising Jakob Fuglsang, of Denmark, and Roel Paulissen, of Belgium - has won this year's Cape Epic with a comfortable nine-minute lead overall, while MTN Energade stood out as the best African team, in spite of a rough start to the race.

David George, of MTN Energade, said he was most impressed by the camaraderie among the professional riders.

"The mutual respect and relaxed atmosphere among the top riders is something I have never experienced before in road racing - that's why it stood out for me," said George.

He and rider Kevin Evans, were placed third overall, with a time of 36:18:34.

Epic founder Kevin Vermaak said it was a huge achievement for South African mountain biking, and that a few years ago it was unthinkable that South Africans would be able to beat Olympic medallists and World Cup champions, as MTN Energade had done.

Absa Masters Doug Brown, of South Africa, and Barti Bucher, of Switzerland, dominated the other teams in the masters section to win with a time of 40:22:38.

"Big lungs and good legs are not enough for this race," Brown said.

"You have to be an all-rounder who can cope with loose gravel, sand, steep climbs, single-track, wind and endless flat stretches to win the Absa Cape Epic. Simply finishing is a real accomplishment."

On Saturday, the final day of the Epic, three events for the public finished off the race. The Cape Times Vigne a Vigne, a one-day cycling race, and the Cape Times Vineyard Run, a 10km foot race, were sponsored by the Cape Times.

Christoph Sauser participated in the 55km Vigne a Vigne, winning the race by far.

He had to drop out of the Epic when his team-mate, Burry Stander, injured a knee.

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Old April 8th, 2008, 08:40 PM   #16
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Cape Town tourism targets the Middle East


Cape Town & Western Cape seeks business alternatives in Middle East
Tuesday, April 08, 2008

Cape Town and the Western Cape is entering new markets. The destination and its convention bureau have set their sights on the Gulf and Middle East, and this week are for the first time participating in the Gulf Incentive Business Travel and Meetings Exhibition (GIBTM), held in Abu Dhabi, United Arab Emirates, from 8 to 10 April 2008.

A team from the Cape Town and Western Cape Convention Bureau, a business unit of the destination’s official tourism marketing organisation, Cape Town Routes Unlimited, will promote the city and province as a fresh, new alternative for business travel at GIBTM. They will gather business leads and assist conference organisers and incentive buyers who are strongly considering bringing their business to this new destination, with information and advice.

Says Calvyn Gilfellan, Chief Executive of Cape Town Routes Unlimited: "The Middle East is a very significant tactical tourism market for Cape Town and the Western Cape. It’s also one of the markets we focus on in the run-up to the 2010 FIFA World Cup which will be held in South Africa. GIBTM presents the ideal platform for us to reach this market.

“In many aspects, the Middle East represents the luxury tourism market to Cape Town and the Western Cape, with travelers often being interested in a top quality tourism experience: five star hotels, elegant restaurants, shopping for world-famous brands, spectacular golf courses and first-class fun. Cape Town and the Western Cape easily delivers on each of these aspects,” says Gilfellan.

“It really is the destination’s unique combination of first-rate infrastructure, hotel accommodation and conference facilities, together with exceptional natural splendour, top class restaurants, rich cultural diversity, warm hospitality, endless outdoor activities and shopping possibilities, that keeps on taking business and leisure travelers’ breath away,” he says.

Cape Town is currently ranked the number one convention destination in Africa and secures more than half of the conference business coming into the continent. The city is also expected to fare well in the next International Congress and Convention Association (ICCA) rankings, which should be released in May this year. Currently ranked 29th, Cape Town has a good chance of improving its rating amidst fierce competition.

With the newly introduced direct Emirates flight between Dubai and Cape Town inaugurated a week ago, Cape Town is now also a hassle-free flight away from the Middle East. There’s little time difference and good international and domestic air connections.

“We believe this new flight will add to our luxury tourism experience and encourage more people to visit Cape Town and surrounds. Now nothing will for example stop a Middle Eastern businessman from spoiling a few clients with a quick round of golf in the Western Cape. They’ll be away from the office for a minimum period, while having a truly extraordinary experience.”

“These are all reasons why Cape Town and the Western Cape continues to win an astonishing 90% of the conferences it bids for.”

As South Africa, its people and infrastructure developers are eagerly preparing to host arguably the world’s biggest sporting event, the FIFA World Cup, in 2010, Cape Town and the Western Cape is undergoing huge infrastructural upgrades. These will increase the destination’s competitive edge and help it secure even more business for 2010 and beyond.

“Plans have been approved to add another 10 000m2 of conference and exhibition space, essentially building a second convention centre and a 350-room hotel adjacent to the existing facility in Cape Town. Importantly, it will enable us to bid for large international congresses, while still accommodating existing repeat events, which tend to grow larger every year,” says Gilfellan.
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Old April 8th, 2008, 08:47 PM   #17
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They placed the CTICC plans at risk by just ignoring the city and convenco....is Rasool and the ANC doing it again?


Rasool and ANC placing F1 plans of R4 billion private investment at risk

Cape Town's F1 bid delayed
08/04/2008 14:55

The proposed bid to host an F1 Grand Prix in Cape Town has received another setback, with Western Cape Premier Ebrahim Rasool said to be "too busy to meet with investors".

An intergovernmental task team was established more than a year ago to explore the feasibility of hosting a Formula One race in Cape Town after an international consortium had offered to invest R4 billion in the venture.

However, it is now being reported that Western Cape Premier Ebrahim Rasool is too busy to meet with the consortium. He has reportedly also failed to release the task teams's feasibility study findings.

The consortium also claims that Rasool pledged his support for the project in January 2007, although these investors have not received any further communication from the Premier's office. It is now concerned about the "evident opposition" to the project from the Western Cape Province.

In its bid, the SA Grand Prix Corporation said it did not require government funds to host the race in Cape Town.

It proposed acquiring land close to the Cape Town International Airport and while some of the land earmarked belongs to the provincial government, the consortium claims this was promised to it by the City.

Simon Grindrod, Cape Town's mayoral committee head for economic, social development and tourism in his statement to the press noted that Cape Town and the Western Cape were "on the brink of losing the project as frustrated investors consider taking their money and jobs elsewhere".

According to Grindrod, similar international events demonstrate how a city - and country - benefits from the economic spin-offs following the hosting of a world-class sporting event such as an F1 race.

"A simple yes or no from the (Western Cape) Province would suffice," Grindrod continued. "The investors can then make alternative plans. Such delays in decision-making are very bad for investor confidence in the Western Cape."
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Old April 8th, 2008, 09:00 PM   #18
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18000 watched Varsity Cup final at the Danie Craven stadium...maties won...@#$@#$@#$ anyway rugby was the BIG BIG winner on the day. broadcast on mnet, it was like something out of an american college football final, which was the aim of introducing the Varsity Cup.

Maties win Varsity Cup with last minute try.



By HERMAN GIBBS

IN a marvellous show of big-match temperament, Stellenbosch University won the inaugural FNB Varsity Cup with a try at the death to plunder a thrilling 16-10 victory over arch-rivals UCT at the Danie Craven Stadium last night.

If ever the Maties' resolve was tested, this was it - and more so when they had a "try" disallowed two minutes before their moment of glory.

With just four minutes' playing time left, Maties fullback Joe Pietersen went in near the left-hand corner flag for what appeared to be the match-winning try, but the television match official ruled that he had lost the ball forward in his momentum following his dive for the line.

With a 10-9 scoreline in favour of the Ikeys at that stage, the hosts' heads could so easily have dropped in disappointment, but instead they fought back for a try on the right-hand side through wing Morné Jooste. Flyhalf Ricardo Croy added the conversion from close to the touchline to seal the Ikeys' fate.

"We've seen so many matches in the Varsity Cup go down to the wire," Maties coach Chean Roux said. "I don't know why we left it so late, but I guess we were seriously lucky in the end.

"I must say our players have far more experience of playing in finals, and that was ultimately the difference between the sides tonight. Our temperament was fantastic. We were brilliant in absorbing the pressure and then bounced back to take the match, although the Ikeys really came hard at us in the second half."

Although the visitors, who had topped the log after the round-robin stage, ended up on the losing side and missing out on the sizeable winners' prize of R250 000, they at least achieved a moral victory by outscoring their arch-rivals by two tries to one.

On at least three occasions since the start of the Varsity Cup, the Ikeys had overturned deficits late in matches to secure victory, but last night they failed to hold to what seemed like a match-winning lead with little time left on the clock.

Former Springbok centre Robbie Fleck, the Ikeys' assistant coach, said his charges had suffered bad luck, and he was proud of the type of rugby that they had brought to the new competition.

"We didn't win, but many people came to watch us tonight, including many Maties fans. We brought a thrilling dimension to the competition and throughout this campaign we took Ikey rugby to a new level.

"The boys are naturally disappointed, but they are also proud of the entertainment value they had to offer."

Another former Bok, Maties stalwart Dawie Snyman, was not at all impressed with the quality of rugby on offer.

"The provincial unions in this country are not doing enough for student rugby, and I was not happy with the standard of play," he said. "I feel that because students are not playing together as a team often enough, the standards of universities rugby is dropping.

"There is far too much emphasis on playing the students in the Vodacom Cup, and varsity rugby suffers as a result."

Scorers

Maties: Try: Morné Jooste; conversion: Ricardo Croy; penalty goals: Henoe Stoffberg 2; drop goal: Croy.

Ikeys: Tries: Marcello Sampson, Matthew Turner.
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Old April 8th, 2008, 09:08 PM   #19
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City to host International Gymnastics Federation meeting and bid for World Gymnaestrada event in 2015. The city is really showing its commitment to sport!

CITY INVESTS R360 000 IN WORLD GYMNAESTRADA

The City of Cape Town has approved a R360 000 partnership agreement with the South African Gymnastics Federation (SAGF) in hosting the International Federation of Gymnastics’ (FIG) council meeting in Cape Town during May 2008. The SAGF is lobbying FIG to host the 2015 World Gymnaestrada in Cape Town. With some 28 000 competitors, it is regarded as the largest sporting event in the world based on number of participants. The FIG will award the 2015 event at its 2009 council meeting.
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Old April 9th, 2008, 07:35 AM   #20
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We cannot afford to loose F1, but as always its good to use the media to make sure this guys act. Rasool must get his acts together, why doesn't he look at it from job creation perspective.
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