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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.

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Editor's Comment
Celebrate responsibly, put safety first this holiday

“Safety first is safety always”– Charles M HayesAs most people begin travelling across the country to spend the President’s Holidays with family and friends, there is every reason to embrace the joy and togetherness that this period brings.While holiday periods bring joy, they are sadly often accompanied by a rise in road accidents, violent incidents and other avoidable tragedies. Too often, families that set out to celebrate together end...

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