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Tsogo Sun Holdings  // Browsing posts in Tsogo Sun Holdings

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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TSOGO SUN HOSTS WOMEN UNITED IN MOVING SA FORWARD

Tsogo Sun’s Citizenship team hosted a ‘Celebrate and Inspire’ Women’s Day event with keynote speaker, businesswoman Phuti Mahanyele, executive chairperson of Sigma Capital investment group, in celebration of Women’s Month and in acknowledgement of the powerful role women play in South Africa and its future. With more than half of Tsogo Sun’s workforce being comprised […]

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11 Aug 2016 Tsogo Sun Holdings

SOUTHERN SUN DEAL TO GO AHEAD

SOUTHERN Sun Hotels, owned by JSE-listed gaming and leisure group Tsogo Sun, has been given the green light to acquire a controlling share in Hospitality Property Fund (HPF). The Competition Tribunal on Wednesday approved the “large merger” between Southern Sun Hotels and Hospitality, “subject to conditions related to potential information exchange”. Hospitality is a real […]

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11 Aug 2016 Tsogo Sun Holdings

TRIBUNAL APPROVES SOUTHERN SUN, HOSPITALITY PROPERTY MERGER WITH CONDITIONS

The Competition Tribunal has approved the merger between Southern Sun Hotels and the Hospitality Property Fund, subject to conditions related to potential information exchange. Tsogo Sun Holdings, which owns Southern Sun, will acquire a 50.6% controlling stake in Hospitality by vending a portfolio of ten hotel properties into Hospitality in exchange for Hospitality shares. Southern […]

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