Sun International declares huge drop in income, loss of R1.1 billion
Sun International declared a drop in income from continuing operations of 49% from (to R6.1 billion) on Monday.
Adjusted headline earnings fell from R763 million to a loss of R1.1 billion.
2020 was the worst year in Sun International's entire history.
The Money Show’s Bruce Whitfield interviewed Sun International Group CEO Anthony Leeming.
When restrictions were lifted… We got up to 80% of casino revenue… Unfortunately, the hotel side… is under pressure…Anthony Leeming, CEO - Sun International Group
We’re pushing… the government to recognise that vaccinated people should be allowed to travel…Anthony Leeming, CEO - Sun International Group
Listen to the interview in the audio below.
Source : https://www.123rf.com/photo_114849596_sun-city-or-lost-city-big-entertainment-center-in-south-africa-like-las-vegas-in-north-america-.html?term=sun%2Bcity&vti=n81jkdnbx90hefczfu-1-1
"Affordable classics have grown for the last seven years – even last year," says John Tallodi of Classic Car Passion South Africa.Read More
"The money is safe and waiting for you to come forward," says Kabelo van der Merwe of Unclaimed Benefits at Liberty.Read More
This time it’s worth filling up. Transport economist Ofentse Mokwena explains the reasons behind the record fuel price hike.Read More
How much do you need so you can live off your investments? Certified Financial Planner Paul Roelofse shares a few formulas.Read More
The Money Show’s Bruce Whitfield interviews Nomi Bodlani, Head of Strategic Markets at Allan Gray.Read More
"The cheapest car is a Suzuki S-Presso," says motoring journo Alex Parker. "I drove one; it’s much less terrible than I thought!"Read More
The JSE is near record levels; what are investors smoking? Personal finance advisor Warren Ingram explains the disconnect.Read More
It aims to enrol 56 000 students by 2026. The Money Show’s Bruce Whitfield interviews Stadio Holdings CEO Chris Vorster.Read More
Its competitors are paying dividends. The Money Show’s Bruce Whitfield interviews Absa Group CEO Daniel Mminele.Read More