Continuing income for the period up 5.0% to R6.0 billion Continuing adjusted EBITDA up 4.0% to R1.6 billion, with adjusted EBITDA margin at 27.3% Record Sunbet income up 71.8% to R512 million Sun City adjusted EBITDA, pre-management fees, of R193 million 66.7% of R1.7 billion cash generated by South African operations converted to free cash 104.8% of adjusted EBITDA converted to cash generated by South African operations Debt to adjusted EBITDA at 1.6x, well within bank covenant of less than 3.0x Earnings per share (EPS) up 97.1% to 337 cents per share Adjusted headline earnings per share (AHEPS) up 9.1%
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Resort panels up to achieve cleaner, greener, more efficient and affordable solar power Sun City is going to great heights in its bid to one day achieve a great share of greener energy, thanks to an investment to date of over R26-million. With all available space on the roof of Sun Central now covered by solar panels, the resort has lifted its sights to the roof at The Palace, and the Sun City hotel. Brett Hoppé, General Manager of Sun City said, “Conventional installation methods such as cranes would have inconvenienced our guests, so given the scale of the project,
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International recognition with ISO 4001 certification Sun City Resort is once again proud to receive ISO 14001 certification for the responsible manner in which it interacts with the environment and uses scarce resources. “We are honoured to receive this international environmental management system certification which gives our stakeholders and customers’ confidence about how Sun City has embedded environmental sustainability practices within our operations as a responsible, future-focused organisation,” said Lwazi Mswelanto. “This benchmarks Sun City’s environmental management system and resource conservation against international organisations.” The system audit assessment focused on four main areas: how the resort manages water and wastewater;
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Sibaya Community Trust donated R9,5-million to the centre’s development Sibaya Community Trust donated over R9,5-million to develop a community hall and skills training centre in Chatsworth, Durban which was launched last week to transform the lives of residents. The establishment of a community and skills training centre is set to be a game-changer for the Bayview community, offering a platform for residents to acquire valuable skills and resources that will empower them to pursue better opportunities and enhance their livelihoods. Vivian Reddy, the visionary founder and chairman of Sibaya Community Trust, expressed his commitment to making a positive impact on
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Gadu doing due diligence as he settles in to Nelson Mandela Bay’s Playground  Armed with international qualifications and a mindset of customer service and safety, Boardwalk’s new maintenance manager, Luncedo Gadu, is ready to keep facilities at the Gqeberha hotel and casino in tip top shape. The East London-born man took his schooling at Buchule Technical High School in Mdantsane seriously, going on to secure an electrical engineering diploma from Vaal University of Technology and a Bachelor of Engineering in electrical and electronics from Universiti Teknologi Petronas in Malaysia, courtesy of a government scholarship. “It was a positive, life-changing opportunity,”
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Siyanda Mtongana was a fresh-faced 27-year-old when he was part of Boardwalk Casino’s opening team, working his first permanent job as a guest service attendant. Twenty-three years later, he is one of just three of his original team remaining at the Sun International beachfront casino in Gqeberha. Through customer dedication, passion, commitment to furthering his career and displaying leadership qualities, he has worked his way up to the position of gaming floor manager. “Boardwalk’s opening was an exciting opportunity for me, as I was doing piece jobs before it opened, such as working as a petrol attendant. It meant job
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Not content with merely helping KwaMagxaki High School refurbish their consumer studies classroom, Boardwalk hotel and casino expanded on the social upliftment initiative with a R700 000 bursary project to help pupils graduate with cheffing industry qualifications. Five 2021 matriculants graduated last month with National Certificates in Professional Cookery Programme from the International Hotel School, thanks to a bursary from the Sun International hotel in Gqeberha. The students also received a monthly stipend to enable them to concentrate fully on their studies. Three of the students – Yonela Chophela, Ntombizanele Mthunzini and Bulelwa Nogqala – will start work as permanent employees
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Sibaya Community Trusts celebrates R250-million milestone spend on philanthropy Dignitaries, recipients, guests, and members of the media joined in the glittering celebrations as the Sibaya Community Trust commemorated the milestone of spending R250 million on philanthropic responsibility. The Sibaya Casino was the venue for last Friday’s glamorous event, where Chairman of the Sibaya Community Trust, Vivian Reddy and his wife, Sorisha Naidoo, united with trustees to celebrate the noteworthy achievement and highlight how their passion for making a tangible difference made the organisation one of the largest investors in social upliftment within KwaZulu-Natal. Addressing guests, Reddy said that Sibaya Community
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Winners of the Wild Coast Sun’s inaugural Eagles Business Awards, created to bolster a diversified business community, have been announced. A gala dinner was held at Sun International’s only beachfront resort, 170km south of Durban, on March 10, where General Manager Peter Tshidi honoured winners with certificates. “Small companies are the backbone of our economy, accounting for about 60% of all employment in South Africa. At Wild Coast Sun, we are proud to help enable this vibrant sector with the skills and training they need to be a success. At the same time, it is imperative that we reward those
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A Bolt driver has won over a million playing poker at Carnival City, and plans to use the money to expand his vehicle fleet. Tables Shift Manager Justice Madiba said the lucky Sun International MVG guest, who asked not to be named, won the progressive jackpot of R1,3-million in the early morning hours of Wednesday morning. It was the second notable win for the man, a regular at Carnival City since 2001. “In January last year, I won R162 000 on the Lady Luck machine, and have also won bingo three times,” said the man, who has a wife and four
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