Sun International returns to Botswana

Peermont owns 60 percent in Grand Palm with BDC holding the remainder. PIC: KAGISO ONKATSWITSE
Peermont owns 60 percent in Grand Palm with BDC holding the remainder. PIC: KAGISO ONKATSWITSE

International resort hotel chain, Sun International, plans to acquire hotel and gaming company, Peermont group that owns hotels and casinos in South Africa and Botswana in a R 9.43 billion (P7.73 billion) deal.

The move will see Sun international, which divested from Gaborone Sun Hotel last year, bouncing back into Botswana and taking over Peermont’s Grand Palm hotel, Mondior, Metcourt Inn and the casino at Sedibeng hotel in Francistown.

In South Africa, Peermont owns eight resort and gaming operations including Emperors Palace in Gauteng and Graceland in Mpumalanga.

Editor's Comment
Gov't must guard against cadre deployment

As the Botswana National Front (BNF) discusses a policy to place suitably qualified members in strategic positions, the guiding consideration should remain whether an individual is the best person to serve the country. There is nothing wrong with qualified party members applying for public positions. Political affiliation should neither disqualify a capable candidate nor give them an advantage over others. Every Motswana deserves a fair...

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