Related Articles
Top Stories
May 25 2012 13:58
The costs of the first phase of the Gauteng Freeway Improvement Project have increased significantly to almost R90bn, according to a report.
May 24 2012 17:31
The Reserve Bank will maintain current interest rates, and a considerable reduction in the local petrol price is anticipated, says governor Gill Marcus.
May 25 2012 11:36
The JSE has identified and stopped "incorrect" trades from one of its members, and will reverse the trades and lower the session's total value after the close.
Johannesburg - Gold Reef Resorts said on Thursday
that Casinos Austria International Holding GmbH has sold its entire shareholding in
the company, representing 60.227 million shares (20.6%), to a leading South African
fund manager which will hold the shares on behalf of various clients.
Josef Leutgeb, Chief Financial Officer of Casinos Austria and Casinos Austria's
representative on the Gold Reef Board, said: "As shareholders and management partners
initially, we are proud of the value Gold Reef has created for shareholders."
He added that Gold Reef management has placed the business on a firm growth
footing.
"We are selling our holding in line with our stated strategy to be invested in
entities over which we have significant management control. We wish Gold Reef and all
its employees and shareholders all the best for the future."
-
I-Net Bridge