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/ 6 December 2006

Cosatu against sale of V&A Waterfront

The Congress of South African Trade Unions (Cosatu) in the Western Cape has asked the Competition Commission to block the sale of Cape Town’s V&A Waterfront to a foreign-dominated consortium. ”We’re pretty sure that we’re going to get them to stop it,” Cosatu provincial secretary Tony Ehrenreich said on Wednesday.

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/ 29 May 2006

V&A Waterfront stake up for sale

Transnet and two of its pension funds have decided to dispose of their share in Cape Town’s V&A Waterfront, billed as South Africa’s most visited tourist destination. The remaining shareholder, the Transnet Retirement Fund, has yet to decide whether it will sell its 22,6% share, or retain it and push it up to 26%.

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/ 17 February 2005

Who wants the V&A Waterfront?

The V&A Waterfront development — which is one of South Africa’s top tourist attractions — is up for sale, Minister of Public Enterprises Minister Alec Erwin said in Parliament on Thursday. Discussing the contentious issue of state asset privatisation, Erwin said the government will sell all businesses that are not core to its functions.