Staying afloat in the struggling hospitality industry - Sun International CEO

Iconic South African gaming and hospitality group Sun International has been smacked hard by Covid-19 containment measures. This week, it reported a loss of more than R1 billion for 2020. Like other companies in the hospitality sector, they were forced to shut operations for more than three months last year. The group was also hit by ongoing restrictions - like bans on travel, alcohol and limits on the number of people allowed to gather in one place. In a report on its results last week, Sun International set out some of the measures it took to respond to the pandemic, including a 60% reduction in payroll costs, accelerating the disposal of non-core assets and the successful conclusion of a R1,2 billion rights offer. BizNews spoke to CEO Anthony Leeming. Learn more about your ad choices. Visit megaphone.fm/adchoices