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Die commented...
Wesgro (Western Cape Investment Promotion Agency) is a provincially-funded agency that "facilitated" this investment in the Western Cape. And they did so with money given to them by the taxpayer through the provincial government (which is a funded through grants by the ANC central government) while "claiming credit" for "bagging the investment" that they can show in their favour. And yes this happened under the watchful eye of the MEC of Economic Development Alan Winde. The DA claims to be incorruptible but this corrupt deal with a Ponzi schemer should be exposed in the media and shows that all political parties in SA including Helen Zille's DA are corrupt and unaccountable to the people.
3 months ago
Die
added news
Wesgro boosts property sector
During the first week in December Wesgro facilitated a R600 million investment, committed by Realcor Holdings, into the Western Cape’s property sector. The investment created 600 permanent jobs and 1 500 contract jobs, during the construction phase. The new five-star luxury hotel located on Bla...
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3 months ago
Die commented...
What's more is that Realcor Cape was facilitated by Western Cape taxpayers. Here's an article that should have been covered by the mainstream media.
3 months ago
Die commented...
What a joke that this Zille aided developer has the guts to speak out after defrauding both taxpayers and investers. The de Ridder look-a-like gets her PR from the master of the provincial PR communications scandal.
3 months ago
Die
added news
Bankruptcy proceedings - Realcor responds
Editor's note: We received the following response to the report of Realcor's bankruptcy in Die Burger of the 1st of November.
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3 months ago
Die
added news
Realcor property empire crumbles
3 348 investors who invested R650 million in the Radisson Blu hotel in Blaauwberg are unlikely to see their money again.
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3 months ago
Die
added news
Property developer Realcor Cape provisionally liquidated
The property developer of the incomplete Radisson Blu hotel in Blaauwberg has been placed under provisional liquidation.
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3 months ago
Die
added news
Last bid to save Blaauwberg Radisson Blu Hotel
It could cost up to R700 million to complete an upmarket Blaauwberg hotel, whose developer, Realcor Cape, faces liquidation.
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3 months ago
Lydon commented...
From their Facebook page today:
Dear Facebook Friends
The Rezidor Hotel Group nor Radisson Blu Hotels & Resorts owns any shares, equity or investment in Realcorcape or subsidiary Midnight Storm and has no financial interest in the development until such time as the hotel is ready to open its doors to them. The hotel is under new ownership and is due to be completed in Q4 – 2011.
Kind Regards
Team Radisson Blu Hotel, Cape Town Blaauwberg
8 months ago
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