MARC HASENFUSS: Curve balls and sure bets
With all its bets covered Tsogo can afford (though ‘afford’ might be a stretch considering its own debt) to bide its time in and around Cape Town
10 September 2020 - 05:00
Ever since I ditched my satellite television subscription I’ve had markedly less enthusiasm for sports betting… though of course I still join other members of the tennis club in spread bets on how many frame shots Big Eddie can muster in a set — a gamble that gets more interesting as the southeaster comes into play.
But a more calculated bet might be gaming and leisure group Sun International, which I wrote about last week (https://www.businesslive.co.za/fm/fm-fox/2020-09-03-clouds-over-sun-international/) in the Fox section, spelling out the tricky debt/cash flow challenge it faces.
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