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Tsogo Sun Holdings  // Browsing posts in Tsogo Sun Holdings

SILVERSTAR CASINO SUPPORTS YOUNG CHESS PLAYERS

Silverstar Casino continues to host chess competition to nine primary schools on the West Rand. Nine primary schools on the West Rand have benefited massively from Tsogo Sun and Silverstar Casino’s Moves for Life programme after a chess competition commemorating the International Day of Chess from 25 to 28 July was held. The aim of […]

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15 Jun 2017 Tsogo Sun Holdings

WHY MARCEL VON AULOCK QUIT TSOGO SUN

The market is trying to understand the abrupt departure of CEO Marcel von Aulock, who says it’s about quitting on a high note. Marcel von Aulock’s resignation as CEO of Tsogo Sun is the latest in a line of somewhat unexpected CEO exits. First was Asher Bohbot of EOH, then Thabo Dloti from Liberty. Alan […]

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MINISTER TOKOZILE XASA CONGRATULATES TSOGO SUN FOR THEIR EMPOWERMENT EFFORTS

Tourism B-BBEE Charter Council The Chairperson of the Tourism B-BBEE Charter Council, Dr Vuyo Mahlati, has congratulated Tsogo Sun on attaining the status of a Level 1 B-BBEE Contributor. “Tsogo Sun is a shining example of what can be achieved when businesses are committed to empowerment and commercial success,” says Dr Mahlati. “We congratulate the […]

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1 Jun 2017 Tsogo Sun Holdings

TSOGO SUN TO LOSE MARCEL VON AULOCK

Tsogo Sun’s Marcel von Aulock is leaving the gaming and leisure group after 20 years. Von Aulock said he had achieved various goals in the business and he needed a break before starting another career. Speculation is, however, that he has suddenly resigned because of differences with Tsogo’s parent company, Hosken Consolidated Investments, over an […]

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25 May 2017 Tsogo Sun Holdings

HOSPITALITY IN R1.8bn RIGHTS OFFER

Pretoria – Listed Hospitality Property Fund is planning to undertake a fully underwritten rights offer to raise R1.8 billion to partially settle the cash portion of its planned acquisition of a portfolio of 29 established hotel properties from Tsogo Sun. The purchase consideration for this transaction, which the fund announced last week, would be settled […]

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25 May 2017 Tsogo Sun Holdings

TSOGO SUN SET TO EXPAND IN KZN

Durban – South African hotel, gaming and entertainment group, Tsogo Sun, said on Wednesday that it was going to spend an additional R1.3 billion to expand the Suncoast Casino and Entertainment World in KwaZulu-Natal. The overall project cost is R1.6 billion. The construction commenced in 2016, but was later interrupted and was stopped due to […]

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24 May 2017 Tsogo Sun Holdings

TSOGO BUOYED BY PROFIT RISE

Cape Town – South African hotel, gaming and entertainment group, Tsogo Sun says it expects to complete the building of its 125 room Stay Easy hotel in Maputo in the current financial year for $16 million as it is buoyed by a 6 percent rise in profits for the year ended March. The company says, […]

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23 Mar 2017 Tsogo Sun Holdings

TSOGO SUN PLANS TO TRANSFER MORE HOTEL ASSETS

And to lift stake in Hospitality Reit to better compete with property rivals. JOHANNESBURG – South African hotelier Tsogo Sun said it could increase its stake in Hospitality Property Fund to as much as 60% as part of an exchange if it reaches agreement to sell more hotel assets to the fund. Tsogo Sun acquired […]

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HOSKEN, TSOGO DEALS HEATS UP

Johannesburg – Empowerment conglomerate Hosken Consolidated Investment (HCI) on Tuesday said it was a step closer to consolidating its gaming assets under Tsogo Sun in a R2.1 billion deal that would see the hotel and entertainment group take over Niveus Investments gaming machine and bingo hall businesses. The deal would see Tsogo acquire all Niveus […]

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NIVEUS WINS WIDER TERMS FROM TSOGO

Casino group gives more options to minorities in gaming asset buyout. Casino group Tsogo Sun and Niveus Investments, both controlled by Hosken Consolidated Investments (HCI), decided on Tuesday to rejig the terms of a recent R4.6bn transaction involving alternative gaming assets. In late 2016, Niveus accepted a scrip-based offer for its limited payout machine (LPM) […]

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