Cresta Jwaneng’s financial woes persist

Friday, June 19, 2026 | 290 Views |

Under pressure: Despite its strategic location on the Trans-Kalahari Highway, five minutes from the world’s richest diamond mine, Cresta Jwaneng’s value is under strain

Listed hospitality giant, Cresta Marakanelo, is struggling to lift values at its Jwaneng hotel due to a prolonged slowdown in diamond revenues that have slowed economic activity in the area.

The group has had to take a knock on the valuation of the Jwaneng hotel as occupancy levels plunge, following another year of poor performance.

The hospitality and leisure chain has had to write down the value of Cresta Jwaneng by over P14.1 million, driven by the overall sentiment of the market’s spending ability and its capacity to sustain meaningful occupancy rates to support the investment.

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Cresta Jwaneng’s financial woes persist

Listed hospitality giant, Cresta Marakanelo, is struggling to lift values at its Jwaneng hotel due to a prolonged slowdown in diamond revenues that have slowed economic activity in the area.

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