The Shandon Hotel which has been closed since 2012 is up for auction next month.A Donegal Hotel that has been closed for the last couple of years is up for auction in Dublin next month.The Shandon Hotel and Ocean Spa once believed to worth around €6 million is now going under the hammer for less than €700,000.A reserve range price of between €670,000 – €730,000 has been put on the vacant premises. The hotel is located in a stunning setting that overlooks the beautiful Marble Hill Beach in Portnablagh.It was a hugely popular hotel when it was in business and regularly attracted tourists from all over Ireland and the UK.The location of the hotel as well as the fantastic spa facility ensured its popularity with those who stayed there.However, after it was initially taken into receivership in February 2011, the hotel was forced to close shortly after. The Shandon Hotel was managed by local couple Dermot and Catherine McGlade before Bank of Ireland officials called receivers in.There was a significant number of jobs lost when the Shandon closed, but it is hoped that if the hotel is bought, that it will be re-opened which would create more jobs in the area.Despite the closure of The Shandon Hotel, Dunfanaghy has been a tourism hotspot over the last number of years and most weekends sees a steady influx of tourists to the scenic seaside village.If the Shandon were to re-open under new owners it would strengthen the tourism industry even further in Dunfanaghy.The prospect of job creation if the Shandon were to re-open would also be added bonus to the local economy. DONEGAL HOTEL ONCE BELIEVED TO BE WORTH €6 MILLION – GOING UNDER THE HAMMER FOR €700,000 was last modified: January 28th, 2015 by Mark ForkerShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)Tags:auctionBusinessDunfanaghynewsPortnablaghSALEThe Shandon Hotel
7 May 2008The Parliament’s portfolio committee on health is to hold hearings on amendments to the Tobacco Control Act, in an effort to further enhance the control of tobacco products and promote healthy lifestyles.Addressing a Social Cluster briefing on Monday, Health Minister Manto Tshabalala-Msimang said amending the Bill was part of the Department of Health’s “healthy lifestyles” campaign, which seeks to encourage South Africans to adopt and practice healthy lifestyles as part of decreasing the burden of disease facing the country.The hearings, which will take place this week, seek to amend the Act to be in line with the international standards set in the Framework Convention on Tobacco Control.Tshabalala-Msimang said the amendment Bill included “strengthening sections which prohibit advertising, promotion and sponsorship, and the regulation of smoking in public places”.She said the amended Bill would also introduce picture-based health warnings as well as the removal of misleading descriptions such as “mild” and “light”, which carries a fine of R1-million.“The Bill increases the penalties so that they become a real deterrent against contravention of the Act,” she said. “The fine for the owner of a public place or employer who fails to ensure that there is no smoking in a smoke free area has been increased from R10 000 to R50 000.”The penalty for selling tobacco products to a minor (persons aged under 18) has been increased from R10 000 to R50 000, while the penalty for advertising and promotion has been increased from R200 000 to R1-million.Also included are new offences such as failing to protect employees from tobacco smoke pollution, selling tobacco products in a health institution and retailer not complying with point of sale conditions.This was part of the department’s approach in dealing with comprehensive healthcare, which looks at health promotion, reduction of communicable and non-communicable diseases and the unnatural causes of death such as accidents and injuries.Besides the amendments to the Tobacco Control Act in its drive toward healthier lifestyles for all South Africans, the department was also increasing the number of health promoting schools from 3500 to at least 5000 schools.These schools have initiated the programmes to prevent tobacco use, development of food gardens and sports participation.Source: BuaNews
22 May 2009 South Africa’s private equity industry breached the R100-billion mark for the first time in 2008, despite the global economic meltdown and a slowdown in local merger and acquisition activity. And according to the 10th annual survey of the local industry from KPMG and the SA Venture Capital and Private Equity Association (Savca), R29.2-billion in commitments remained undrawn and could be used for further investment. The survey, released in Johannesburg this week, found that private equity had attracted R23-billion in foreign direct investment (FDI) into South Africa over the last three years. South Africa’s private equity funds under management (excluding undrawn commitments) grew to R103.1-billion or 3.2% of gross domestic product (GDP) in 2008, well ahead of the global average of 2.7%. This represented a 14.4% compound annual growth rate over the last decade, with funds under management standing at R30.7-billion in 1999. “These figures are a positive reflection on the achievements of the South African private equity industry,” KPMG’s head of private equity markets for Africa, Warren Watkins, said in a statement. “Although South Africa is not immune to developments in the global economy, we currently appear to be better off than other private equity markets,” Watkins added. “This could be due to South Africa’s ongoing infrastructure spend and limited ‘credit crunch’ exposure.” Given the absence of the large public-to-private deals in 2008 compared to 2007, when deals involving Edcon, Alexander Forbes, Primedia and Consol boosted the figures, it was “no surprise” to see private equity investments falling from R26.1-billion in 2007 to R23.1-billion in 2008. South Africa’s private equity sector “maintained a lingering exuberance from 2007 through the first half of 2008 and then became more subdued in the second half,” the survey found, the net result being overall growth of 19.5%, from R86.3-billion held at December 2007 to R103.1-billion at December 2008. Black economic empowerment (BEE) private equity deals grew by 38.1% over the same period, from R11.8-billion in 2007 to R16.3-billion in 2008, while private equity funds valued at R68.6-billion were under the management of entities that are either black owned, empowered or influenced. This was up 16.3% from R59-billion in 2007. There was reason for “cautious optimism” for South Africa, Watkins said, particularly regarding the prospect of lower interest rates and the forthcoming 2010 Fifa World Cup. Savca executive officer JP Fourie said the scale of activity in the country’s private equity industry “continues to outperform most of the major international economies, which bodes well for South Africa’s government-stated growth targets, as local and international research confirms that private equity investment is a key driver of entrepreneurial activity and growth in any economys.”SAinfo reporter Would you like to use this article in your publication or on your website? See: Using SAinfo material
Ray Maota Rugby veteran Victor Matfield is one of several South African sports stars that have pledged their support to the South African Institute for Drug-Free Sport as its official anti-doping ambassadors. Other ambassadors include: rugby stars Bryan Habana and Pierre Spies, and swimming champ Natalie du Toit. (Image: Gauteng Film Commission) MEDIA CONTACTS • Paena Galane Department of Sports and Recreation +27 79 509 9833 RELATED ARTICLES • South Africa’s gift to baseball • The big business of sport • Prince meets SA’s tennis aces • Taking a nation’s health to heartDoping scandals have rocked the sporting world since the beginning of 2012, from Lance Armstrong in the US to fellow cyclist, South African David George, whose recent suspension by Cycling South Africa made headlines.South African anti-doping authorities should therefore be excited for the opportunities that will arise from the country hosting the fourth World Anti-Doping Conference in late 2013.Expected to run from 13 to 15 November at the Sandton Convention Centre in Johannesburg, the event will be held under the auspices of the World Anti-Doping Agency (Wada), after its board chose Johannesburg in 2010.Sports minister Fikile Mbalula, making the announcement earlier in the year, pledged his department’s commitment to drug-free sport.“We appreciate the work that the South African Institute for Drug-Free Sport (Saids) does in our sport,” he said. “We continue to lead the continent in the implementation and support for anti-doping in sport.”Wada president John Fahey said the conference will serve as a critical event for the world’s anti-doping community.“I would again like to thank the Department of Sport and Recreation and the City of Johannesburg for agreeing to host the conference, which is further proof of their commitment to the fight against doping in sport,” he said.The event has previously been held in Lausanne, Switzerland (1999), Copenhagen in Denmark (2003) and Madrid in Spain (2007), making South Africa the first African host. It is set to attract policy makers, sport administrators and academics in the fields of sports science and management. Living by the codeFormed in 1999, Wada is an independent agency that oversees measures against doping in a variety of sporting codes. Its key activities include scientific research, education and training, development of anti-doping capacities and monitoring the world anti-doping code, a document that brings together policies opposed to the practise in all sports.The code is in the process of being reviewed and revised, and a new version is expected to be adopted at the 2013 conference.“We promote health, fairness and equality for athletes worldwide by working to ensure harmonised, coordinated and effective anti-doping programmes at international level, and at the national level through our stakeholder relationships,” said Fahey.South Africa is a founder member of Wada, and has an anti-doping laboratory accredited by the world body, in Bloemfontein in the Free State province.“The sad reality is there is still an enormous amount of work to be done,” said Fahey. “Doping continues to occur, and it changes rapidly.”He added that there are athletes who are still lured by the glory of winning at all costs and there are members of the entourage still motivated to profit from an athlete’s doping while risking little themselves. Measures against dopingHFL Sport Science, an independent drug surveillance laboratory service that operates worldwide, has launched supplement drug contamination screening programmes in South Africa in a bid to minimise the risk of inadvertent doping by local athletes.HFL claims that up to one in four supplements purchased at a regular retail shop may be contaminated with trace levels of steroids and/or stimulants like testosterone and methylhexanamine (commonly known as DMMA) as a direct result of inadvertent contamination.The company launched two programmes called Informed-Choice and Informed-Sport, which ensure supplement certification, in 2007 and 2008 respectively.Through all its programmes, regular tests of supplements on the South African market will be conducted to help authorities spot prohibited substances. These tests are also done during manufacturing, to avoid the release of prohibited substances.“The programmes allow companies to use a logo on packaging to enable athletes to easily spot those products that have been tested for banned substances,” said Dr Catherine Judkins, business sector manager at HFL, adding that such products will have met rigorous certification requirements by HFL’s anti-doping lab. The doping scandals of 20122012 saw one of the biggest doping scandals in the history of world sport, when cycling veteran and seven-time winner of the prestigious Tour de France (TDF), Lance Armstrong, the US Anti-Doping Agency found that there was enough evidence to conclude that Armstrong had participated in a doping programme during his career.For years Armstrong denied allegations of doping, and continued to enjoy the support of charities and major brands associated with him, until the very recent conclusion of the agency on its findings. In addition to the loss of endorsements and sponsorship, the 41-year-old was also stripped of all his TDF titles and banned from the tournament for life.Closer to home, David George, former South African Commonwealth Games cycling silver medallist, tested positive in August for the drug Erythropoietin, or EPO, in an out-of-competition test conducted by SAIDS South African Institute for Drug-Free Sport. George was a member of Armstrong’s US Postal Service team from 1999 to the year 2000.He also lost one of his major sponsors, banking institution Nedbank, which withdrew its support within hours of the news hitting social media networks across the country.Furthermore, George was provisionally suspended by Cycling South Africa, and would not be able to compete in any of its events, pending the outcome of an independent tribunal on the matter.The South African road running scene has not gone untainted, as two of the top ten finishers in this’s year Comrades Marathon tested positive for prohibited substances.Soon after the finish of iconic marathon, winner Ludwick Mamabolo made headlines when both his A and B samples, as per Wada code requirements, tested positive for DMMA. The test was conducted by Saids.Lephetesang Adoro from Lesotho, who came seventh in the event, was also later reported to have tested positive for a high concentration of testosterone. Both runners will know their fate at the end of independent tribunals on their cases. Athletes against dopingSeveral of South Africa’s most popular sports stars have pledged their support for Saids, and are the organisation’s official anti-doping ambassadors.Rugby stars Victor Matfield, Bryan Habana and Pierre Spies are three such ambassadors, while Olympic swimmer and Paralympic medallist Natalie du Toit also does her bit for the cause.Mbalula, who himself is a cycling enthusiast, has also made the pledge.
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Dubbing Nationalist Congress Party (NCP) chief Sharad Pawar’s proposed visit to the Enforcement Directorate’s office in Mumbai as “high political drama”, Bharatiya Janata Party (BJP) State president Chandrakant Patil on Friday said it was the erstwhile Congress-led government that had first launched a probe into the Maharashtra State Cooperative (MSC) Bank scam.Mr. Patil rubbished the NCP’s allegations that the BJP was pursuing a political vendetta against Mr. Pawar. “I ought to remind the NCP that it was their own [Congress-NCP] government running on the advice of Sharad Pawar that had first launched a probe in the MSC Bank case,” he saidIt was the then chief minister Prithviraj Chavan who had initiated an inquiry into the case by setting up a committee as he had suspected some irregularities, Mr. Patil said. He said the Reserve Bank of India then appointed an administrator on the bank and that it was only later that an individual had moved the Bombay High Court on grounds that no proper inquiry was being initiated. “It was on the court’s direction that an FIR was recently registered. So where is the question of the State government acting in a vindictive manner? Then the ED, an autonomous agency, registered a case on its own as the amount involved in the scam was above ₹100 crore,” Mr. Patil said.He said the NCP was trying to garner people’s sympathy and support by spreading false propaganda that the government was behind the probe. “But people are smart as they know that when [senior NCP leader] Chhagan Bhujbal was arrested, there were no protests on part of the NCP workers,” Mr. Patil said, calling the NCP’s protests “forced” and without much support from the people.
India skipper Mahendra Singh Dhoni (20) and hard-hitting batsman Harbhajan Singh (15) were at the crease with 183/6 on board as bad light followed by rains forced early stumps on Day 1 of the 2nd Test against South Africa at the Kingsmead Stadium in Durban on Sunday. ScoreDale Steyn celebrates after dismissing Murali Vijay. AP PhotoThanks to Dale Steyn’s four-wicket haul, the Indian batting line-up looked crippled like it did in Centurion. Things could have been worse for the visitors had they not been given three lives. Twice India opener Murali Vijay was dropped in the innings and once Hashim Amla failed to gather Cheteshwar Pujara off Paul Harris.Steyn started his wicket-taking run with Virender Sehwag’s dismissal, packing him off early in the innings and then it was the other opener Murali Vijay’s turn to follow. Both the batsmen were struggling in the middle on a damp wicket.An away moving ball clipped the edge of Sehwag’s bat and he departed on 25 with Jacques Kallis claiming his catch. Murali Vijay batting in place of regular opener Gautam Gambhir, out with a knuckle injury in his left hand, went back in the same fashion offering a catch to wicketkeeper Mark Boucher.In the second session, left-arm pacer Lonwabo Tsotsobe claimed the biggest wicket of his career dismissing Sachin Tendulkar on 13. An edge off Sachin’s bat was cleanly taken by Kallis in the slips cordon.Soon Steyn came back and struck again. A wider delivery got the edge of Dravid’s bat and landed in the safe gloves of Boucher. He fell on 25 after a 38-run partnership with Laxman.advertisementBut, Steyn’s job wasn’t over as yet. After sending Dravid home, he dispatched Laxman on 38.Taking cue from Steyn, Tsotsobe too upped the ante. A short ball from him lured the inexperienced Pujara and he attempted a pull shot, but failed miserably and Boucher performed the last rites. He went for 19.Earlier, Protea skipper Graeme Smith put India to bat on a wicket that had been rendered damp following overnight showers.Like Centurion, this Test too started a little late owing to wet outfield.