Sun International remains upbeat despite interim loss

Hotel and casino group Sun International, which swung to an interim headline loss of almost R900m, says it expects to be in a stronger position by the end of the year as it makes its way out of the Covid-19 crisis and prepares to open more of its operations. 

Sun International is in the middle of a wide-ranging operational overhaul that entails cutting jobs, tapping shareholders for cash and selling land and properties to build cash reserves as the dice rolls again, albeit under margin-sapping social-distancing guidelines, after being out of action for months.   ..