Hosken Consolidated Investments (HCI) said it had made an R822m impairment as it expects a deterioration in its hotel business for the current financial year due to Covid-19 restrictions.
HCI, which has investments in hotels and gaming, media, oil and gas, said on Wednesday it has been forced to write down and impair many of its assets due to the effect of Covid-19, which hurt its earnings for the year to end-March 2020. ..
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