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.
Nedbank Property Finance recently provided R500 million finance for the development of a 303-room three star Stay Easy Hotel and a 202-room four star Sun Square Hotel, both of which will be operated by the Tsogo Sun Holdings. Group.
Tsogo Sun will begin construction of a 500-room hotel complex in Cape Town’s city centre‚ says group.
Tsogo Sun and Sun International to persuade the Competition Tribunal to ignore the Competition Commission’s recommendation that their planned Cape market-share agreement be prohibited.
Sun International, South Africa's second-largest casino and resort operator, is undergoing significant change after years of underperformance.
SABMiller completes the transaction whereby it disposes of its entire shareholding in Tsogo Sun Holdings‚ says group.
Redevelopment of the Rosebank Mall in Johannesburg is having a welcome effect on hotels in the area, with foreign business tourists now staying longer, partly to shop at the new high-end stores.
Improving markets in Europe buoy up Redefine International's recent performance‚ allowing it to make various acquisitions.
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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