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Leisure and gaming company Grand Parade Investments (GPI), which gave investors a record record R413.6m special payout for its half-year to end-December, says it is confident about its future prospects after the sale of its Burger King business and a partial recovery of its gambling interests helped it slash its debt levels by 42%.

The empowerment group, which finalised the sale of its struggling Burger King SA and Grand Foods Meat Plant in November, said on Wednesday that it had cut its total debt by R102m to R140m in the six months to end-December, with the group having declared an 88c per share special dividend...

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