Tsogo Sun hikes its interim dividend 10% to 34c per share despite adjusted headline earnings for the 6 months to end-September being static at 88c per share.
The takeover of hotel-focused property fund Hospitality by Southern Sun Hotels has been approved by SA’s competition authorities‚ with conditions.
Tsogo Sun and Sun International resuscitate plans for a reshuffling of casino ownership in the Western Cape.
Tsogo Sun is still betting big on a consumer spending upturn, investing R1bn on revamping its properties.
A proposed reshuffle of casino ownership in the Western Cape market, which would have secured gaming and hotel giant Tsogo Sun a hand, is taken off the table.
Tsogo Sun is in talks to buy a significant stake in struggling real estate investment trust, Hospitality Property Fund in what could be the first step in its plan to list a property fund.
Tsogo Sun will begin construction of a 500-room hotel complex in Cape Town’s city centre‚ says group.
HCI will by default bolster its large stake in Tsogo Sun after SABMiller confirmed a decision to disinvest from the gaming and hotels group.
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