Sun International confident of a solid footing as Covid-19 threat eases
Group says the recovery of SA hotels and casinos might be gradual, but it is upbeat about debt and cash
15 March 2021 - 14:46
Casino and hotels operator Sun International, which has had to tap shareholders for R1.2bn, cut staff and sell some of its most valuable assets, says it is optimistic that these steps will see it through tough trading conditions as SA’s tourism and leisure sector recovers gradually.
The group, which reported a loss in 2020, has taken strain from the Covid-19 pandemic that is hammering SA’s tourism and leisure sector. Continuing lockdown restrictions still weigh on activity, but the group has been encouraged by its fourth-quarter performance...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.