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SABMiller to Dispose of Stake in South African Hotels Group
date:Jul 08, 2014
Black Economic Empowerment transaction. The business has performed well over the years.

The merger with Gold Reef Resorts in 2011, and the resultant listing on the JSE, has transformed Tsogo Sun. However, gaming and hotels are not core to our operations and we have concluded that the time is right for us to exit our investment through a transaction which is beneficial to shareholders of both SABMiller and Tsogo Sun and to reinvest the proceeds in our core growth businesses, including our Afric

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