Zimbabwe-listed Rainbow Tourism Group's South African unit acquired a seven-storey office/retail building at 13 Buitengracht Street, Cape Town, from Elleke Hospitality for ZAR98 million ($5.6m), for conversion into a branded hotel -- RTG's first South African market entry.

HospitalityOfficeCape TownSouth Africa

BuyerRainbow Tourism Group (SA)SellerElleke HospitalitySubject_asset13 Buitengracht Street, Cape Town

via Voyages AfriqUpdated 1 month agoPublished Aug 25, 2025

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