South African tycoons Mark and Brett Levy face questions over sports minister's visits
Gayton McKenzie, South Africa's sports minister, has acknowledged visiting the Levy brothers' Blu Label offices but denies any role in the sale of Ticketpro.
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Gayton McKenzie, South Africa's sports minister, has acknowledged visiting the Levy brothers' Blu Label offices but denies any role in the sale of Ticketpro.
Blu Label, the Johannesburg-listed group run by Mark and Brett Levy, is building a R360 million solar plant to supply power to Ekurhuleni.
Blu Label sold Ticketpro's sport and events business for R5 million, but neither it nor the buyers will disclose who now owns the ticketing company.
Blu Label, led by tycoons Brett and Mark Levy, expects earnings to fall more than 80% and swing to a loss for the year.
South African billionaire brothers Mark and Brett Levy have lost a combined R1.58 billion ($97.1 million) in ten months after the Cell C IPO disappointed investors.
Blue Label co-CEOs Brett and Mark Levy revealed what went wrong with their R5.5 billion Cell C bet and confirmed Blu Label is now looking to reduce its controlling stake in the mobile operator.