Filipino ports and casino billionaire, Enrique Razon, whose company won an multi-billion-rand bid to revive sub-Saharan Africa’s biggest container port, has bought a development that includes one of South Africa’s top golf courses.
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According to Bloomberg, entities associated with Razon are buying Pearl Valley – a Jack Nicklaus signature golf course – and the hotel on the property in the Cape Winelands from a company controlled by shareholders that include South African businessman and Olympic swimming gold medal winner, Ryk Neethling.
Pearl Valley has consistently been ranked among South Africa’s top golf courses and has previously held the South African Open, among several other Sunshine Tour and co-sanctioned events.
‘Approved the purchase’
The nation’s anti-trust authority approved the purchase, according to a March 20 government notice.
Razon chairs International Container Terminal Services Inc., which in 2023 won a bid to develop South Africa’s port of Durban and operate it for 25 years.
A local court temporarily blocked the deal last year after an A.P. Moller-Maersk A/S unit challenged the award.
ICTSI operates more than 30 port terminals in 20 countries.
Razon, who chairs and is president of Pilipinas Golf Tournaments Inc. and is a major supporter of the sport in his home country, has an estimated net worth of $9.32 billion, according to the Bloomberg Billionaires Index.
At the time of publishing he’s the 307th-richest person in the world.
Razon also founded and runs Bloomberry Resorts Corp, the Philippines’ biggest casino operator.
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