Latest news with #R395
IOL News
30-04-2025
- Business
- IOL News
Stellenbosch FC get massive R395 million investment boost ahead of Zamalek CAF tie
Rob Benadie, CEO of Stellenbosch FC. Picture: Ryan Wilkisky, BackpagePix Image: BackpagePix Stellenbosch FC continues to break new ground both on and off the pitch. With the playing squad currently in Egypt ahead of a historic second-leg CAF Confederation Cup clash against African powerhouse Zamalek on Wednesday, the club have announced plans to develop and operate a new multi-million-rand stadium at the Van der Stel Sports Complex. Stellenbosch FC have encountered numerous challenges this past season in relation to their home games, particularly in the CAF Confederation Cup. Stellies have played 'home' matches in both Pretoria and Durban due to the Danie Craven Stadium, Athlone Stadium and DHL Stadium not being available for football in the Western Cape at any given time. While it is unlikely that the Van der Stel Sports Complex will host matches of such magnitude with the football facilities set to include a 5 000-seat stadium - upgradable to 10,000 seats in future phases - it will also consist of four international standard full-size grass football fields, and six multi-purpose small-sided fields/courts. An epic encounter awaits in Cairo 🌍🇪🇬 — Stellenbosch FC (@StellenboschFC) April 7, 2025 The landmark collaboration represents a significant milestone in Stellenbosch FC's commitment to Stellenbosch and the municipality's commitment to securing the future of the Premiership franchise in the sports-rich town with commitment set to be in the region of a R395 million investment over five years in the facility. SFC will manage and develop the complex over an initial 30-year term while the Stellenbosch Municipality retains ownership of this valuable public asset. 'We are grateful to the Municipality and the community of Stellenbosch for the opportunity to manage and develop this landmark complex over the next 30 years,' said SFC Chief Executive Rob Benadie. 'Football is the town's only sport code with a professional club that plays in national leagues with men's, women's and youth teams. 'The Van der Stel Complex is the ideal home for the town's football club, and SFC is privileged to bring the excitement and benefits of professional sport to the facility,' he added. Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Next Stay Close ✕ Stellenbosch FC's fans will have a new home at the Van der Stel Sports complex soon. Picture: BackpagePix Image: BackpagePix
IOL News
23-04-2025
- Entertainment
- IOL News
Celebrate Mother's Day with gourmet feasts and creative experiences at The President Hotel
Celebrate Mother's Day at The President Hotel with a weekend of fun-filled activities. The President Hotel in Bantry Bay will be hosting a full weekend of Mother's Day celebrations with three distinctive experiences from creative afternoons to gourmet feasts and evening entertainment. Sip & Paint: A creative High Tea Experience Saturday, 10 May 2025 from 12:30pm - 3:00pmTreat mom to a traditional tea party with a contemporary twist. This artistic afternoon includes painting a personalised tote bag while enjoying a sophisticated high tea featuring delicious savoury and sweet treats. The experience is complemented by bloom-inspired gin cocktails, including Lavender Serenity, Citrus Vitality and Herbal Harmony. Available at R395 per person without gin cocktails or R549 per person including three gin cocktails. Melodies and Merlot: An evening of jazz and wine Saturday, 10 May 2025 from 6:30pm - 8:30pm on the Deck Bar. Wind down Saturday evening with the soulful sounds of live jazz and premium wine tasting. This sophisticated adults-only event lets you and mom design your perfect charcuterie plate while sampling exceptional wines. The evening concludes with decadent chocolate bonbons for a sweet finish. Priced at R395 per person.
News24
21-04-2025
- Business
- News24
Zelensky is in SA this week. Why wheat should be on the agenda
Wandile Sihlobo explains why there is room for a deeper conversation about how South Africa could import more wheat from Ukraine. We will have our Ukrainian friends in Pretoria this week. A range of geopolitical matters will undoubtedly be the primary focus of the leadership of both countries during this working visit by the president of Ukraine. However, there will be business engagements on the sidelines or days leading up to the visit. The Ukrainian president Volodymyr Zelensky may visit South Africa accompanied by senior government officials from the economic sector. Such conversations may be about forming connections to support Ukraine as it navigates the war and explores long-term business opportunities in the post-war world, whenever that day comes. We already see some countries, such as the United States, exploring potential commercial interests in Ukraine through a possible agreement on developing Ukraine's mineral resources. Of course, South Africa should be under no pressure to explore such ambitious commercial interests with Ukraine like the United States. However, the question that may arise is whether there are potential long-term agricultural trade relations that our countries could establish in the future. Both Ukraine and South Africa are net exporters of agricultural products. Ukraine's agricultural exports are approximately $21 billion (R395 billion) per year, according to data from Trade Map. These exports are mainly comprised of sunflower oil, maize, wheat, canola, soybeans, poultry products, barley, and sugar, among other products. China, India, the Netherlands, Egypt, Turkey, Spain, Poland, Germany, Indonesia, Italy, and Saudi Arabia are among Ukraine's key agricultural export markets. South Africa does not feature prominently. It ranks as the 93rd largest agricultural market for Ukraine. This marginal import from Ukraine is understandable, as South Africa is generally a farming powerhouse, boasting an agricultural trade surplus of $6.2 billion in 2024. Importantly, when one examines South Africa's agricultural import basket of $7.6 billion in 2024, the dominant products are wheat, palm oil, rice, poultry, and whiskies. (South Africa's agricultural exports were valued at $13.7 billion - R258 billion - in 2024). This composition of South Africa's agricultural imports partly explains why the country would not feature prominently on Ukraine's agricultural import list. Still, there is room for a deeper conversation about how South Africa could import more wheat from Ukraine, provided the quality and price are acceptable to private businesses. South Africa imports about half of its annual wheat consumption, about 1.8 million tonnes. Ukraine is not a prominent key wheat supplier in South Africa. For example, in the 2024-25 marketing year, South Africa imported about 904 344 tonnes of wheat at the end of the first week of April 2025. The seasonal import forecast is 1.80 million tonnes. So far, the largest wheat suppliers by share are Russia (with 41% share), Lithuania (22%), Poland (10%), Latvia (9%), Australia (7%), Canada (6%) and Romania (5%). Of course, these are private dealings, as the South African government correctly refrains from intervening in food markets. It is for this reason, then, that at the sidelines of government meetings, Ukrainian officials, amongst other things, may have to engage with South African businesses so that, post-war, they too can feature prominently on South Africa's wheat import lists. Among the other agricultural products South Africa imports, Ukraine may have limited room to supply, as these are not among its key export products. From a South African perspective, the Ukrainian agricultural imports list includes a few products that South Africa also exports. For example, Ukraine spends about $5.5 billion annually on agricultural products. These are mainly spirits, citrus, coffee, tobacco, cheese, wine, banana, chocolate, and palm oil, amongst other products. The countries that primarily supply these products to Ukraine include Poland, Italy, Germany, Turkey, the Netherlands, China, Spain, France, the United States, the United Kingdom, and Hungary. While a major producer and exporter of citrus and wine, South Africa isn't the primary supplier of these products to Ukraine. These are the key products that could be worth mentioning in the future. Aside from these, limited business-to-business interactions in agriculture may be key, except to express support for Ukraine as it navigates a challenging time of protracted war. Wandile Sihlobo is the chief economist of the Agricultural Business Chamber of South Africa (Agbiz) and author of three books. His latest book is ' '. News 24 encourages freedom of speech and the expression of diverse views. The views of columnists published on News24 are therefore their own and do not necessarily represent the views of News24.
