Tsogo sun
Tsogo Sun to close 36 hotels as demand collapses
Tsogo said in a statement it was looking to reduce costs and capital expenditure further and this will be done by closing a number of hotels in the key areas...
Jeffery Moodley and Leeba Lesuthu from the Tsogo Sun Hotel in KwaZulu-Natal appeared in the Durban Specialised Commercial Crimes Court on Friday.
Jeffery Moodley and Leeba Lesuthu from in Kwazulu-Natal are facing fraud charges.
Alviva provides information technology and communication technology for African businesses, Mondi is an international packaging and paper group while Tsogo Sun is a hotel and entertainment group.
Hospitality said the transaction was aimed at broadening its earnings base, while Tsogo said it was in line with plans to restructure.
Tsogo Sun says the plant will operate from on 26 February and they are planning to test the water in the first week of March.
CapeTalk's Kieno Kammies spoke to operations director at Tsogo Sun Cape region, John van Rooyen.
Tsogo, Africa's biggest hotels and gaming group, which also has interests in Nigeria, Kenya and Mozanbique, did not give reasons why von Aulock resigned.
Tsogo Sun acquired a 50.6% stake in Hospitality Property Fund, a real estate investment trust (REIT), last year in exchange for selling 10 hotels.
SABMiller has a 39.6 percent shareholding in Tsogo Sun valued at approximately $1.09 billion.
The firm is also reviewing its holding in hotel company Tsogo Sun Holdings.
The hotels and casino operator was helped by an acquisition that offset slow revenue in SA.