Today's Big Stories

Mining mogul's cash injection in Ryk Neethling's WC property

Billionaire mining magnate Patrice Motsepe has made his first venture into the property sector by buying a 20% stake in Val de Vie Investments.

Val de Vie Investments, managed by swimming star turned businessman Ryk Neethling, is the development company responsible for expanding high-end residential estates in the Western Cape.

In addition to owning Val de Vie Estate, Neethling explains that Val de Vie Investments has acquired Pearl Valley Golf & Country Estate, and at least 600 hectares around Val de Vie and Paarl.

Neethling says that the value of Motsepe's 20% stake is in the range of R150 to R200 million.

It's great to get some cash in and be able to invest back into the land... It's really nice to see someone like Patrice Motsepe [recognise] the Western Cape property market.

Ryk Neethling, Marketing Director at Val de Vie Estate

Listen to the full conversation from CapeTalk's Breakfast with Kieno Kammies:

Read More
Price of accessing Table Mountain too steep?

Price of accessing Table Mountain too steep?

Some locals aren't happy with the price of activity permits to access Table Mountain National Park. But, are the costs justified?

Facelift for historic Milnerton bridge at cost of R27m raises eyebrows

Facelift for historic Milnerton bridge at cost of R27m raises eyebrows

The City of Cape Town is to spend nearly R30 million on a contract to restore the century-old wooden bridge over Milnerton Lagoon.

WATCH: SA 'keeper scores stunning overhead kick in last minute

WATCH: SA 'keeper scores stunning overhead kick in last minute

Baroka FC goalkeeper Oscine Masuluke has soccer fans in awe after his epic performance in the 96th minute, scoring an equaliser.

 HIV home-testing not final diagnosis - SA AIDS Council

HIV home-testing not final diagnosis - SA AIDS Council

Sanac CEO Dr Fareed Abdullah says that while the test is useful, it is not a confirmatory test, but rather a screening test.

Austrian lottery raffles SA property and other assets with good odds

Austrian lottery raffles SA property and other assets with good odds

Lottery 001 raffles villas, cars, boats - you name it. An Austrian associate at the firm that oversees property lottery explains.

How Ryk Neethling became a businessman (and turned down R50m along the way)

How Ryk Neethling became a businessman (and turned down R50m along the way)

Olympic gold medallist Ryk Neethling talks about his evolution from world record holder to prosperous property developer.