Greg Norman invests in Johannesburg

Medallist, an Australian company which has golfer Greg Norman as a major shareholder, is involved in a lifestyle development at Alewynspoort, south of Johannesburg. The development, known as Eye of Africa, will have 1 200 houses, a golf course designed by Norman and a nature reserve. There will also be a golf academy, a health spa, other sport facilities and horse stables. Medallist is a partnership between Norman's company, Great White Shark Enterprises , and Macquarie Bank, Australia's main investment nank. The South African partner is Pixley World Investment. The first stand owners will be able to start building at the end of the year, and the golf course should be ready by mid-2007.