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After five years of uncertainty, the past few with South Africa's only commercial ski area Tiffindel not opening at all, the resort has been sold at auction to a new owner.
The ski area sold for what was described as a bargain price of R5.5-million Rand - about £450,000, at auction in Johannesburg on Thursday, to local skier and businessman Lew Campbell who was visibly delighted at his successful purchase.
"I used to go to Tiffindell all the time, and I’m part of this special community of skiers in South Africa," he told local media.
Mr Campbell says he hopes to re-open the resort in 2013 although it may take to 2014 to complete required renovations needed to get the resort operational again. Initial estimates suggest another two-three million rand (£160,000-240,000) of investment may be required.
Tiffindell resort was established in 1993 using the latest snowmaking technology at the time to supplement natural snowfall, but it was sold by the Van Eck family who established it in 2007 and then had operational problems.
In the intervening years the Afri-ski resort in neighbouring Lesotho has developed a second (and currently only) commercial ski development in southern Africa.