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Tsogo Sun Holdings  // Browsing posts in Tsogo Sun Holdings

TSOGO SUN GOES GREEN

Embracing greener behaviour for the wellbeing of the planet is a hallmark of Tsogo Sun’s and is written into the group’s overriding environmental management policy. Tsogo Sun is now creating awareness and educating stakeholders on greener living. Candy Tothill, Tsogo Sun’s GM of corporate affairs, says that green thinking permeates throughout the business. “We’re extremely […]

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BRIEF-TSOGO BUYS SOME GAMING BUSINESSES FROM NIVEUS INVESTMENTS

* Acquisition of certain gaming businesses from Niveus Investments Limited * Niveus accepted indicative offer for Niveus’ interests in Vukani Gaming Proprietary Ltd and Galaxy Bingo Proprietary Ltd * Says purchase consideration will comprise of 160 million ordinary shares in issued share capital of Tsogo amounting to about 4.65 bln rand * Purchase consideration will […]

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8 Dec 2016 Tsogo Sun Holdings

TAXMAN WINS BIG AT CASINOS

Cape Town – And the casino industry’s biggest winner for the 2016/17 tax year is [insert drum roll here please…] the taxman! The 11th annual survey from the Casino Association of South Africa (CASA), which was released on Wednesday, found that the South African Receiver of Revenue scooped up 36 percent of gross gambling revenues […]

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25 Nov 2016 Tsogo Sun Holdings

MARKET WATCH: TREMATON – TAKING THE MONEY

Gaming and hotel group Tsogo Sun has finally bought investment firm Trematon’s 26.9% stake in the Mykonos casino in Langebaan, on the West Coast. Though it is one of SA’s smallest casinos, there are punters who believe Mykonos would be the obvious candidate if the Western Cape government allows an existing casino licence to be […]

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23 Nov 2016 Tsogo Sun Holdings

TSOGO SUN TO BUY MORE UK HOTELS, OUTLOOK TOUGHT ELSEWHERE

outh Africa’s Tsogo Sun Holdings Ltd plans to buy more hotels in the United Kingdom where it is performing well and weakness in the pound has made assets much more affordable, it said on Wednesday, after reporting flat half-year profit. Africa’s biggest hotels and gambling operator, which also has interests in Nigeria, Kenya and Mozambique, […]

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14 Nov 2016 Tsogo Sun Holdings

TREMATON TO SELL WEST COAST LEISURE STAKE TO TSOGO SUN FOR R190m

JOHANNESBURG – South Africa’s Trematon Capital Investments said on Monday it will dispose of its 29.64% stake in West Coast Leisure Proprietary to Tsogo Sun for R190 million ($13 million). Shares in Trematon rose 6.90% to R3.10, while shares in Tsogo Sun were up 1.99% to R28.70 at the close. The company said it will […]

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10 Nov 2016 Tsogo Sun Holdings

TSOGO SUN SET TO TRANSFER THREE HOTELS INTO SUBSIDIARY

JSE-listed gaming and leisure group Tsogo Sun is due to transfer more hotels into its subsidiary, Hospitality Property Fund, in a move that would boost its assets base. Tsogo owns three Sandton-based hotels in a joint venture with the Liberty group and is looking to move these properties into Hospitality, the only hotel-focused real estate […]

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21 Sep 2016 Tsogo Sun Holdings

TSOGO SHAKES UP MANAGEMENT OF HOSPITALITY PROPERTY FUND

HOSPITALITY Property Fund (HPF) will get a new CEO and financial director, following its takeover by Tsogo Sun. HPF’s current CEO, Vincent Joyner, will be replaced by Keith Randall at the end of the year. Joyner will also leave the board of HPF. Earlier this year, a deal in which gaming and leisure group Tsogo […]

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25 Aug 2016 Tsogo Sun Holdings

VINCENT JOYNER INJECTS NEW LIFE IN HOSPITALITY

HOSPITALITY Property Fund (HPF) has turned around under the management of CEO Vincent Joyner and is set to compete with other mid-cap property companies on the JSE, following an investment from Tsogo Sun. Last month Southern Sun Hotels, owned by Tsogo Sun, was given the green light to acquire a controlling share in HPF. Tsogo […]

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15 Aug 2016 Tsogo Sun Holdings

TSOGO SUN BETS ON MORE TOURISTS

Johannesburg – Africa’s premier hotel and gaming group, Tsogo Sun, is banking on improved tourism numbers in the future as it continued to add to its impressive portfolio by acquiring the Hospitality Property Fund (HPF). The merger between Tsogo Sun and Hospitality Property Fund (HPF) was approved by the Competition Tribunal last week. As part […]

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