Razon buys golf course, luxury hotel in South Africa
Pearl Valley Golf Course in South Africa. PHOTO FROM PEARL VALLEY
MANILA, Philippines – Port, gaming and infrastructure tycoon Enrique Razon has raised his stake in the African continent with the acquisition of a leisure estate with a golf course in the municipality of Cape Winelands in South Africa.
Bloomberg reported on March 25 that entities associated with Razon had bought Pearl Valley, a Jack Nicklaus signature golf course, alongside the hotel on the property.
The seller is a group of shareholders that include South African businessman and Olympic swimming gold medal winner, Ryk Neethling, it was further reported.
Pearl Valley, which opened in 2003, offers a Jack Nicklaus-designed golf course with a view of the majestic mountain ranges, based on its website.
The South African government’s anti-trust authority has approved the purchase, Bloomberg also noted.
Pearl Valley Golf Course in South Africa. PHOTO FROM PEARL VALLEY
Razon is no stranger to South Africa. In 2023, his flagship business, International Container Terminal Services Inc., bagged a 25-year contract to operate and develop a terminal handling nearly half of South Africa’s port traffic. – Doris Dumlao-Abadilla
READ: ICTSI wins deal to operate South Africa’s biggest port
Pearl Valley Golf Course in South Africa. PHOTO FROM PEARL VALLEY
