Hospitality and Gaming Group ,Sun International, has appointed Sam Sithole as its new non-executive Chairman, effective 02 July 2021. He replaces Jabu Mabuza who recently passed away suddenly and tragically from Covid. Sithole brings a wealth of experience to the role. He has been a member of the Sun International board since 2018 and is the CEO and co-founder of Value Capital Partners, which has a substantial shareholding in the Sun International group. Commenting on the appointment, Sun International CEO Anthony Leeming said, “Sam Sithole’s history with the company has given him valuable knowledge and insight, and his more than
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SunBet joins forces with WPPR
SunBet, the online betting arm of Sun International, has joined the Western Province Professional Rugby (WPPR) family as sponsors of the DHL Stormers and DHL Western Province teams. SunBet, which offers a secure online platform through which bettors can bet on the outcome of games, will be an associate sponsor for both teams until the end of 2023. The sponsorship makes SunBet the official sports betting partner of the teams, while the SunBet logo will feature on the shorts of the matchday kit of both the DHL Stormers and DHL Western Province going forward. WPPR is proud to welcome a
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Corporate Image clinches Best Public Affairs & Reputation Management Company award
One of South Africa’s most established communications consultancies, Corporate Image, has been awarded as Best Public Affairs & Reputation Management Company in South Africa at the MEA Business Awards 2020. Hosted by MEA Markets, the agency was subject to a rigorous internal vetting procedure. The extensive research and judging process is driven by merit and centred around an in-depth evaluation of skills and services on offer. Awardees must demonstrate expertise within their field, dedication to customer service and a commitment to promoting excellence. Award winners are not determined by popularity of votes, but by their contributions to their industry. “This award is evidence of our commitment to excellence in reputation building and
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THE IMPACT OF RETIREMENT REFORM IN SOUTH AFRICA
Receiving the same tax treatment Changes to retirement benefits for provident fund members, initially meant to come in five years ago and now scheduled for next March, will see tax uniformity for all who contribute towards retirement. These changes, in terms of the Taxation Laws Amendment Act, will also encourage greater savings, something South Africa desperately needs as it seeks to crawl its way out of an economic hole. Dolana Conco, regional executive – consulting at Alexander Forbes, says: “One of the aims of retirement reform is to create a uniform retirement fund system for all types of retirement
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Altron boosts Continuing Operations interim EBITDA by 17 percent as revenue jumps 14 percent
Johannesburg, 22 October 2020 – JSE-listed technology company Altron has announced an increase in Continuing Operations EBITDA of 17% to R883 million for the first half of the year through to August 31, while revenue increased 14% to R8.4 billion. Headline earnings per share from continuing operations were up 28% to 83 cents while basic earnings per share increased by 27% to 85 cents. “Despite the economic upheaval from Covid-19 pandemic, the Board decided to pay an interim dividend of 33c per share, up 14% from the previous interim period,” said Mteto Nyati, Altron Group Chief Executive.
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