Chinese insurance company, Anbang Insurance Group, buys Hilton's New York luxury flagship hotel the Waldorf Astoria for USD1.95bn.

Parliament's new presiding officers want the legislature's shelved multimillion-rand expansion programme to be implemented with immediate effect.

R1.3 billion Newtown Junction opens in the Johannesburg CBD next week

Development Bank of Southern Africa‚ which ran a loss of R826m in 2012-13‚ has returned to profitability with a historic disbursement record.

SABMiller completes the transaction whereby it disposes of its entire shareholding in Tsogo Sun Holdings‚ says group.

Sun International says adjusted headline earnings per share fell 7.3% in the year ended June with headline earnings down 24% to R530m.

Hospitality Property Fund's shares decline 3.11% to R4.98 despite beating its forecast distribution growth for the year ended June.

Hospitality posts distribution growth of 14.5% for the year to June‚ blasting growth expectations by 4%.

The Competition Commission has approved the acquisition of Three Cities Management Company by African Hotels and Adventue (AHA).

City Lodge Hotels sets aside R475m to build two new hotels in East Africa, and is looking for other opportunities to add hotels in capital cities across East and Southern Africa.