Cape Town has accepted a settlement offer by the Observatory Civil Association.
The City of Cape Town has accepted a settlement offer by the Observatory Civil Association for the complete and final cessation of all legal action regarding the River Club dispute.
“The City is pleased with this outcome and the clear message it conveys — that the City will always vigorously defend planning decisions taken correctly, and will act to protect Cape Town’s reputation as a leading global investment destination,” said Cape Town mayor Geordin Hill-Lewis.The settlement follows the Supreme Court of Appeal’s refusal last month to grant the OCA permission to appeal a Western Cape High Court ruling dismissing an interdict against the River Club development.
The Collective, led by Chief Zenzile Khoisan and a coalition of First Nations leaders, signed a social compact with the Liesbeek Leisure Properties Trust following talks over the development.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
South African rand jumps as investors assess Russia impactThe South African rand gained against the dollar on Monday, as investors watched for potential ripple effects of the aborted weekend mutiny in Russia.
Read more »
Foreign buyers develop a taste for South African wine farmsOver the past decade there’s been an uptick in foreign investment in local wine farms. That may give the ailing South African sector a boost in international markets — the fine-wine market in particular
Read more »
Sponsored Content: Can a Regulation 28 compliant fund shelter retirement savings from the South African economy?Recent politics have captured minds and dinner table discussions, adding to an already glum local economic outlook. Although the Rand/US Dollar exchange rate has partially recovered from a record low of R19.92, questions remain if this can be sustained and the implications for retirement savings.
Read more »
Diving into the South African Forex market: A comprehensive guide for tradersIf you want to make money trading forex, you need to know what influences currency exchange rates.
Read more »
South African Weather Service verifying tornado reports in KZN - SABC NewsWeather forecaster Udirile Madipe says the South African Weather Service is busy verifying reports that areas of Inanda north of Durban were hit by a tornado this afternoon.
Read more »