David Shapiro on Abil, a bank in turmoil

It is not everyday that an announcement on the Stock Exchange News Service (SENS) creates a frenzy. Today however, Abil’s SENS announcement titled, ‘Quarterly operational update for quarter ended 30 June 2014, changes to the board, trading statement and cautionary announcement‘ did exactly that. Abil’s share price plummeted and unfortunately it seems that an air of … Read more

A close look at how tourism has mushroomed in post-apartheid SA

South Africa should be a major tourist Mecca. It has beautiful beaches, gorgeous wine country, big game safaris, luxury casinos, excellent shopping, and unbeatable weather. It even enjoys heat and sunshine while the rich world is covered in snow, which should make it an even more attractive destination. But for various reasons, we have found … Read more

Gambling on Sun International, Grand Parade and more – Xenium

When you live in Cape Town, it is easy to believe that GrandWest Casino and Entertainment World is a money-spinner. It is a popular venue for families from around the city for day outings as well as for gamblers who fancy their chances at the roulette table. A quick drive through neighbouring suburbs that bear … Read more

Retiring hotel genius Sol Kerzner – quite simply, one-of-a-kind

Two decades back, I finally cracked a television interview with South Africa’s then best known businessman, hotelier Sol Kerzner. He insisted it be filmed on the newly created artificial beach at his five star Le Touessrok resort in Mauritius. As flights were irregular, I ended up staying in the hotel for almost a week. The … Read more