postheadericon Porsche buys S. Africa's former F1 racetrack

South Africa's Kyalami racetrack, which hosted Formula One Grand Prix races for nearly two decades, was bought by Porsche for nearly $20 million at auction on Thursday. "It's Porsche South Africa that has been the successful bidder," said auctioneer Joff van Reenen, adding that it was South Africa's highest auction price on a single lot. The purchase by the luxury car company will come as a …

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postheadericon Porsche Buys South Africa’s Kyalami F1 Grand Prix Racetrack

Porsche South Africa bought the Kyalami Formula One Grand Prix racetrack for 205 million rand ($19.5 million) at an auction in Johannesburg today.

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postheadericon South Africa plans plain cigarette packaging by 2015: minister

By Wendell Roelf CAPE TOWN (Reuters) – South Africa aims to force cigarette companies to sell products in plain packets by next year, despite an ongoing World Trade Organisation (WTO) investigation into Australia's ban on tobacco branding, the health minister said on Thursday. South Africa, New Zealand, France, India and Britain are all considering adopting standardized packaging on tobacco …

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postheadericon South Africa seeks to limit foreign land ownership: minister

South Africa plans a radical shake-up of its land policy to limit foreign ownership and could submit legislation to parliament by December, a government minister said on Wednesday. The proposal is part of a reform package sponsored by the ruling African National Congress (ANC) that includes the expropriation of land deemed to have been illegally acquired, a suggestion that could spook foreign …

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postheadericon Porsche buys S. Africa's former F1 racetrack

South Africa's Kyalami racetrack, which hosted Formula One Grand Prix races for nearly two decades, was bought by Porsche for nearly $20 million at auction on Thursday. "It's Porsche South Africa that has been the successful bidder," said auctioneer Joff van Reenen, adding that it was South Africa's highest auction price on a single lot. The purchase by the luxury car company will come as a …

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postheadericon Police probe Macgregor property scam

ACT Police has launched an investigation into an ACT real estate scam where a Canberra property was sold by overseas fraudsters while the owner was living in South Africa.

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postheadericon New owners didn't know they bought a house sold by scammer

The new owners of a Macgregor property sold by overseas fraudsters are unaware the house was put on the 

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postheadericon Overseas scammers sell home

She asked where rent payments were, she found out house had been sold months ago.

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postheadericon South Africa's Kyalami F1 track to be sold

The Kyalami circuit in South Africa will be sold and could be lost to motorsport after hosting Formula One races for almost 20 years.

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postheadericon Postie Plus brand gets second chance with well-funded Pepkor

The Postie Plus brand is getting a new lease of life after South Africa's Pepkor bought the failed retailer's assets out of administration.

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