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
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...