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TSOGO, GOLD REEF MERGER APPROVED

Regulators have approved the proposed merger of the gaming and hotel businesses of Tsogo Sun and Gold Reef Resorts. Hosken Consolidated Investments, which holds 51 percent in Tsogo Sun, said yesterday that the Gauteng Gaming Board had approved the merger subject to competition authority approval. The KwaZuluNatal Gaming Board had approved the deal unconditionally.

Source: Business Report – Asha Speckman