July 22, 2009
City Lodge earnings to fall
Johannesburg - Hotel group City Lodge on Tuesday advised shareholders that for the year ended June 30 2009, diluted/undiluted headline and basic earnings per share, which included the costs and effects of the BEE deal concluded on July 28 2008, were anticipated to be between 28 and 32 percent lower than the previous year.
Posted by StaffWriter at 9:56 AM | Comments (0)
March 31, 2009
Casinos Commit To BEE
The members of the Casino Association of South Africa (CASA), which include all but two of the licensed casino operators in the country and who together represent some R194-billion in annual turnover, have confirmed their target of a BEE Level 4 rating by 2010.
Posted by StaffWriter at 7:18 AM | Comments (0)
March 17, 2009
Tsogo Sun deal puts Gold Reef BEE at risk
Gold Reef Resorts was concerned its black economic empowerment (BEE) status might have been compromised because Tsogo Sun bought a 23 percent stake from "various black BEE shareholders and on the market", chief executive Steven Joffe said yesterday.
Posted by StaffWriter at 7:24 AM | Comments (0)
January 5, 2009
Casino giant may score share jackpot
CASINO giant Tsogo Sun may soon hit the jackpot and pick up shares in the Eastern Cape's newest casino as beleaguered BEE shareholders offload shares in a Johannesburg casino.
Posted by StaffWriter at 2:05 PM | Comments (0)
October 30, 2008
Tourism industry overhaul to ready Eastern Cape for 2010
A MAJOR overhaul of the Eastern Cape tourism industry is under way to position the province as a tourism mecca while taking advantage of the opportunities presented by the 2010 soccer World Cup.
Posted by StaffWriter at 8:46 AM | Comments (0)
October 17, 2008
Gold Reef BEE men forced to sell stake
TWO of Gold Reef Resorts' empowerment shareholders have been forced to sell their 15,01% holding in the casino group after facing foreclosure.
Posted by StaffWriter at 12:14 PM | Comments (0)
October 16, 2008
Gold Reef: BEE gamble implodes
Certain empowerment investors in Gold Reef Resorts (JSE:GDF) have been forced to sell their shares or face almost certain foreclosure.
Posted by StaffWriter at 7:38 AM | Comments (0)
October 1, 2008
Green, Sustainable, Responsible - but how to prove it?
Claiming your business is environmentally, socially or economically sustainable is great for attracting customers - but only if you can prove it. Savvy travellers are starting to sniff out and punish the pretenders, and reward the real makoya.
Posted by StaffWriter at 8:15 AM | Comments (0)
September 30, 2008
Guest houses required to prove their status
GUEST houses must get their heads out of the sand.
Through ignorance and a lack of understanding of broad-based BEE (B-BBEE) many guest houses are prejudicing their financial success.
Posted by StaffWriter at 8:21 AM | Comments (0)
September 22, 2008
Transforming tourism 'sensible'
THE transformation of South Africa's tourism industry to include more black people makes business sense, Minister of Tourism Marthinus van Schalkwyk said on Friday.
Posted by StaffWriter at 7:48 AM | Comments (0)
Industry winning in BEE stakes
When casino licences were first made available in South Africa, one of the conditions was that a high level of black economic empowerment (BEE) was required.
Posted by StaffWriter at 7:43 AM | Comments (0)
September 19, 2008
Transformation in tourism makes business sense, says minister
The transformation of South Africa's tourism industry to include more black people makes business sense, Tourism Minister Marthinus van Schalkwyk said today.
Posted by StaffWriter at 2:04 PM | Comments (0)
September 2, 2008
Repayment worries over V&A sale loan
The foreign investors in the V&A Waterfront deal funded the BEE portion of the sale via a loan, but none of their local partners have made any payments on the multimillion rand debt, shareholders say.Posted by StaffWriter at 7:24 AM | Comments (0)
August 31, 2008
Women set sights on tourism businesses
The ground-breaking gender protocol signed for the Southern African Development Community region at the recent summit in Johannesburg threw into relief the yawning gap that needs to be closed before gender equality becomes a reality in Africa.Posted by StaffWriter at 7:27 AM | Comments (0)
August 14, 2008
City Lodge earnings up 27%
City Lodge has reported diluted headline earnings per share of 524.9c for the year ended June, up 27% from 413c a year ago.Posted by StaffWriter at 7:01 AM | Comments (0)
August 4, 2008
Royal clash looms over casino deal
GLOBAL hotel group Sun International is set for a royal showdown with the amaMpondo monarchy over the renewal of its casino licence for the Wild Coast Sun.Posted by StaffWriter at 7:22 AM | Comments (0)
July 20, 2008
Revolving restaurant up for sale
The Roma Revolving Restaurant, with its 360 degree view of the city, is something of an institution in Durban, so no doubt the cheque books will be poised and the bidding high when it goes on auction on August 7.Posted by StaffWriter at 8:01 AM | Comments (0)
July 11, 2008
City Lodge foresees leap in earnings
The fast-growing City Lodge hotel chain expected that its fully diluted and undiluted headline and basic earnings per share for the year to June 30 would be between 23 percent and 28 percent higher than in the previous financial year, it said in a trading update yesterday.Posted by StaffWriter at 8:25 AM | Comments (0)
July 3, 2008
SA's manufacturing, tourism sectors incentivised
South Africa's manufacturing and tourism sectors will as of 21 July receive investment support in the form of financial grants.Posted by StaffWriter at 9:05 AM | Comments (0)
April 29, 2008
Guma bids R2bn for Tourvest
Black economic empowerment (BEE) company Guma Tourism has made a R2 billion bid for a controlling stake in Tourism Investment Corporation (Tourvest) after Imperial's disposal of its 66 percent stake.Posted by StaffWriter at 7:28 AM | Comments (0)
April 22, 2008
Agreement to promote BEE in tourism
An agreement described as "historic" was signed on Tuesday to promote Black Economic Empowerment (BEE) in the tourism sector.Posted by StaffWriter at 7:34 AM | Comments (0)
January 21, 2008
City Lodge BEE deal on track
Hotel chain City Lodge said on Friday it had made considerable progress regarding the introduction of 15% direct black shareholdings in the ordinary share capital of the company.
Posted by StaffWriter at 7:34 AM | Comments (0)
January 19, 2008
Investors fume over casino takeover bid
BLACK investors in casino group Gold Reef are livid that rival operator Tsogo Sun has sought to thwart a takeover bid by a private equity led consortium for R11.4 billion.Posted by StaffWriter at 7:36 AM | Comments (0)
May 25, 2006
BEE ‘long overdue in tourism industry’
Tourism may be booming, but it is lagging in the black empowerment stakes, with only 6% of the industry owned by blacks, says Black Economic Empowerment Tourism Charter Council chairman Tami Sokutu...
Posted by Bernie at 9:10 AM | Comments (0)
February 8, 2006
SA tourism strategy targets 10m tourists a year by 2014
The Department of Trade and Industry (DTI) yesterday published a draft of its tourism-sector programme for public comment..
Posted by Bernie at 10:32 AM | Comments (1)
January 12, 2006
MEC launches BEE mentorship programme
Narend Singh, the KwaZulu-Natal MEC for arts, culture and tourism, has launched a mentorship programme aimed at promoting black economic empowerment within the tourism industry...
Posted by Bernie at 2:37 PM | Comments (0)
July 4, 2005
Growing interest in SA as a business destination
European interest in doing business with South Africa...
Posted by Bernie at 1:56 PM | Comments (0)
May 10, 2005
"Tourism operates on a knife's edge
Jacky Asheeke is head of the Federation of Namibian Tourism Associations, Fenata, since May 2003....
Posted by Bernie at 6:40 PM | Comments (0)
May 8, 2005
Tourism BEE charter launched
Several targets relating to ownership and skills development in tourism-related ...
Posted by Bernie at 6:33 PM | Comments (0)
January 25, 2005
Tourism BEE Charter gazetted for public comment
The Minister of Environmental Affairs and Tourism Marthinus van Schalkwyk has gazetted the Tourism BEE Charter and Scorecard for final public comment...
Posted by Bernie at 9:25 AM | Comments (0)
January 24, 2005
Department calls for input on tourism's BEE scorecard
The department of environmental affairs and tourism is calling for comment following the gazetting of its draft tourism empowerment scorecard for final public comment on Friday...
Posted by Bernie at 2:49 PM | Comments (0)
