Nedbank acts as joint funder of Tsogo Sun loan

Posted On Friday, 23 March 2012 02:00 Published by
Rate this item
(0 votes)

Nedbank Corporate Banking acts as joint funder of a further R500m syndicated loan to Tsogo Sun.

Nedbank Corporate Banking has acted as joint funder of a further R500 million syndicated loan to Tsogo Sun - bringing the total facility to just over R7 billion.

The facility would be used to support Tsogo Sun's strategy to continue to invest in the hotel and gaming industry, the bank said on Thursday.

The Tsogo Sun Group now consists of 14 casinos in South Africa and 95 hotels primarily in SA, but also in seven other countries across Africa and in the Middle East.

Last modified on Monday, 12 October 2015 14:48

Most Popular

Rental property is a business, not just an asset

Sep 16, 2026
Nkeku Mothoa_Client Coverage Consultant at Tuhf Capital
For many aspiring property investors, the appeal of property lies in its perceived…

eProperty News is a leading online commercial property marketplace serving the Southern African Investment, Office, Retail and Industrial property and allied sectors.

Properties

Please publish modules in offcanvas position.