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Sunday Times

New competitors are entering the gym industry – long dominated by Virgin Active and Planet Fitness – with plans to cash in on the seemingly big money that can be made.

Brait’s recent buyout of 80% of Virgin Active from UK entrepreneur Richard Branson and CVC Capital Partners for R12-billion is an example.

Justin Williamson, chairman of new gym group Go Health, said the deal pointed to the massive profits – estimated to be about R1-billion in South…