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
Batswana need to do better to stop FMD

It is a clear signal that the government’s purse is empty and that our own behaviour has left veterinary officials fighting with one hand tied behind their backs. We have been here before. During COVID-19, many of us thought we knew better. We ignored simple rules, we carried on as if the danger was someone else’s problem, and the virus took lives and left our economy on its knees. We are still broke from that experience. Yet now, with FMD...

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