Latest news with #R390
The South African
10-07-2025
- Business
- The South African
US court rules Peet and Melany Viljoen pay Tammy Taylor R71 million
A United States court has ruled that South African couple Peet and Melany Viljoen must pay $3.9 million (approximately R71 million) in statutory damages to Tammy Taylor, the American founder of Tammy Taylor Nails. The judgment was handed down by the Southern District of California, which also issued a permanent injunction banning the Viljoens from using the Tammy Taylor name, branding, or trademarks. The court has officially cancelled their US trademark registration and prohibited any future business activity affiliated with the brand. Taylor filed the lawsuit in April 2024, accusing the Viljoens of unauthorised use of her brand after their licensing agreement was terminated. The couple reportedly did not defend the case in court, allowing a default judgment to be entered. Taylor originally sought R390 million in lost profits, citing reputational damage and global brand confusion, but the court dismissed that portion due to insufficient evidence. The Viljoens have now been ordered to scrub all use of the Tammy Taylor name, including: Salon signage Websites Social media accounts The domain The ruling also requires that all public-facing material no longer imply any association with the original Tammy Taylor brand. The Viljoens' South African attorney, Hein Wiese, declined to comment on the judgment or confirm whether the pair remain in South Africa. The original Tammy Taylor has until 16 July to renew her motion for additional damages or to pursue trademark enforcement in South Africa. This case has drawn widespread attention in the beauty industry, particularly in South Africa, where the Tammy Taylor name has been heavily promoted under the Viljoens' franchise network in recent years. Let us know by leaving a comment below, or send a WhatsApp to 060 011 021 1 Subscribe to The South African website's newsletters and follow us on WhatsApp, Facebook, X and Bluesky for the latest news.
Time Out
02-06-2025
- Entertainment
- Time Out
Roll out the barrel for Bastille Festival
Wine lovers, are you ready to don your red, white, and blue? The Franschhoek Bastille Festival returns this winter, bringing French flair, fine wine, and festive vibes to the Cape Winelands on Saturday, 12th and Sunday, 13th July 2025. This is the 33rd edition of the much-loved winter festival, and this year it will be held in a brand-new location in the heart of the village. While the 2024 festival (which was delayed by stormy weather) took place on the Franschhoek High School rugby field, in 2025 festival-goers will head to the Hospice parking area, featuring a refreshed layout brimming with the region's fine wines and tasty bites set to a soundtrack of live entertainment. The two-day Bastille Festival features all the classics you've come to know and love: a wine and cheese experience with tastings from top local estates, artisanal food stalls, and the ever-popular best-dressed competition. Tickets cost R390 per person per day and include a souvenir wine glass and 10 tasting tokens. New for the 2025 festival is a series of wine experiences called Uncorked Exclusive : a more curated wine-tasting experience showcasing premium pours in an intimate setting for serious wine enthusiasts. These tastings cost extra (R120 per person) and feature the likes of Pasarene, Holden Manz, Babylonstoren, and more. Some, such as La Motte, are already sold out! Outside the main marquee, the village is set to buzz with Bastille energy. Church Street will transform into a pedestrian-friendly food fair, while Celebration Square will host street performers, live music, and open-air eateries.
Eyewitness News
31-05-2025
- Business
- Eyewitness News
Treasury rules out further drawdowns from GFECRA to boost revenue
CAPE TOWN - The National Treasury has ruled out any further drawdowns from the Gold and Foreign Exchange Contingency Reserve Account (GFECRA) to bolster revenue. In last year's budget, the finance minister announced a R100 million withdrawal from the account to pay off some of its debt. The account, held by the South African Reserve Bank (SARB), is meant to protect the country against foreign exchange fluctuations. There is currently around R390 billion in the account. Twenty-five million rand will be drawn down in each of the next two financial years. Responding to public comments on the budget on Friday, the head of the Treasury's Asset and Liability Management, Ravesh Rajlal, told Parliament's finance committees it was not an option to take out more money. "There is an agreement that we have with the SA Reserve Bank, and what we need to do is that gets updated on a yearly basis, so I think at the time of the medium-term budget policy statement, we will make further announcements in that regard." Rajlal said it was also not preferable to renegotiate the country's debt because it would send a distress signal to the markets. "So, it's important to highlight that we don't go into a renegotiation of our debt, because that will result in a significant impact on our debt stock. What will happen then, obviously, is the ratings agencies will downgrade us and obviously that will have serious repercussions for our borrowing programme."
