[miningmx.com] – JOHANNESBURG’S Rand Club, established in 1887 amid the gold rush that founded the city, is to shut, said Reuters.
“Founded by British colonialist and mining magnate Cecil Rhodes in 1887, the year after the gold rush city came into being, the club served as the watering hole of South Africa’s richest and most powerful men during most of the 20th century,” wrote Reuters journalist, Ed Cropley.
The demographics have changed,” said the club’s general manager Dave Lobban in an interview with Reuters. “Everybody has moved out, and the executives that are still around are having to work every hour that God sends.”
The building is to undergo a year-long facelift, after which it will reopen, probably as part-club, part-hotel, Lobban said.
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