Luxury Train Hotel on Kruger's Selati Bridge

[graham]

I found this to be quite interesting. Am I allowed to say that history repeats itself?

http://southafrica.co.za/selati-rail-sc ... ruger.html

[Flutterby]

The more things change, the more they stay the same!!

[Lisbeth]

The more things change, the more they stay the same!!

Nothing has changed

[Lisbeth]

By now, everyone has heard of the Luxury (5 star) Train Bridge Accommodation (CLICK HERE) which will be launched from December 2019. The company exploiting/running the Luxury (5 star) Train Bridge Accommodation at Skukuza is KRUGER SHALATI (CLICK HERE). KRUGER SHALATI is a company owned by Thebe Tourism Group (Pty) Ltd, a company with a registered address in (the very 'rich') Sandton.

The Thebe Tourism Group is a subsidiary of the is a 100%-owned subsidiary of Thebe Investment Corporation (CLICK HERE), one of South Africa’s leading investment with stakes in tourism, mining resources, infrastructure, renewable energy, petrochemicals, telecommunications, financial services, and healthcare. Formed in 2001, TTG is the oldest black-empowered South African tourism group and has a significant portfolio in tourism and related industries ranging from attractions, hospitality, inbound and outbound tourism, group travel, car rental and business tourism.

According to their website, the Thebe Investment Corporation has various interesting shareholders:
Shareholders.jpg

To cut a long story short: According to a very recent ( 4 May 2019) NEWS ARTICLE (CLICK HERE), the Thebe Tourism Group bought a 50% share in Chief's Tented Camp.

IN OTHER WORDS: the company owing the company owning the KRUGER SHALATI Luxury (5 star) Train Accommodation near Skukuza, bought a significant share of 50% in the company Chiefs Tented Camp that exploits and operates the dubious Pop-up camp near Skukuza.

It seems SANParks has much more to explain then they are doing now :doh:
I hope this public information helps to explain the situation :thumbs_up:

[Lisbeth]

Excellent investigative work, GS!


ANC owns major stake in Thebe
2010-05-03 08:34

Johannesburg - The ANC has a controlling stake in the empowerment group Thebe Investment Corporation, which has shares in Vodacom, Shell SA Refinery, Altech Netstar, Kaya FM and Combined Motor Holdings, among others, the Sunday Times reported on Sunday.

Thebe was founded in 1992 by Batho Batho Trust as an ANC investment company. At the time Batho Batho Trust was its only shareholder, intended to "receive dividends" for the party, declare secret ANC documents found in an abandoned storeroom at the University of Fort Hare in die Eastern Cape. Last week the ANC blocked access to these documents.

The official position to date is that the Batho Batho Trust beneficiaries are historically disadvantaged individuals.

Thebe’s ownership structure has changed over the years to include investors like Absa Capital, Sanlam and Umhlomulo Equity Participation, the share scheme for Thebe workers.

The Batho Batho Trust currently owns about 51.7% of Thebe, which is invested in more than 41 companies, according to Thebe’s website.

- Sake24

https://www.fin24.com/Economy/ANC-owns- ... 503?cpid=1

[Flutterby]

[Lisbeth]

Looks as if it will be ready for the holiday season

Better start saving and you might make it..................for next year

The prices are per person not per room

[harrys]

Recon that won't be on my list of accommodation

[Richprins]

Wonder what those carriages cost to make and transport, and how they will get them there?


There is a spelling mistake...

[RogerFraser]

Jo ! need to buy some more lottery tickets