Filipino Tycoon Buys Nicklaus-Designed South African Golf Course

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 10-ranked golf courses.

Entities associated with Razon are buying Pearl Valley — a Jack Nicklaus signature golf course — as well as the hotel on the property located in the Cape Winelands from a company controlled by shareholders that include Ryk Neethling, a South African businessman and Olympic gold medalist in swimming.

The nation’s anti-trust authority approved the purchase, according to a March 20 government notice.

Pearl Valley golf course.

Photographer: Warren Little/Getty Images