South Africa ski resort sold at auction
Tiffindell has been bought at a knockdown price by a local skier and businessman. Lew Campbell paid 5.5m rand, £427,000, for the only ski resort in South Africa.
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It was opened in 1993 and has been in financial trouble in recent years.
In 2007 was purchased by two businessmen but they could not make a financial success of the company and debts grew.
It was declared bankrupt.
This week it went under the auctioneers hammer and Lew Campbell bid the most. He currently runs a company that sells ski equipment and offers training.
We previewed the auction here on PlanetSKI.
He will try to get the resort up and running for next season but says it is more likely to be 2014.
"I used to go to Tiffindell all the time, and I'm part of this special community of skiers in South Africa," he said to local media.
We wish him every success.
For the spirit of the mountains
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