15 June 2017

South Africa: Tsogo Sun Gets Level 1 B-BBEE Status

Pretoria — Chairperson of the Tourism B-BBEE Charter Council, Dr Vuyo Mahlati, has congratulated Tsogo Sun on attaining the status of a Level 1 B-BBEE contributor.

Dr Mahlati said Tsogo Sun is a shining example of what can be achieved when businesses are committed to empowerment and commercial success.

"We congratulate the group on this outstanding achievement. You have put transformation policy into action, and you are an inspiration for others who want to follow the path you have embarked on. We believe this status will help Tsogo Sun to broaden empowerment and contribute to a more inclusive economy," said Dr Mahlati.

Tsogo Sun's most recent empowerment certificate indicates that the group has achieved 62.1% black ownership and 34.4% black women ownership.

Empowerment criteria, which are assessed for the certificate, include ownership, management control, skills development, enterprise and supplier development, and socio-economic development.

Tsogo Sun is listed on the Johannesburg Stock Exchange. The group includes 14 casino and entertainment centres, and over 100 hotels in South Africa, Africa, the Seychelles and the Middle East.

The portfolio includes theatres, cinemas, over 300 restaurants and bars and over 250 conference facilities, including the Sandton Convention Centre in Johannesburg.

Tourism Minister Tokozile Xasa also congratulated Tsogo Sun for their empowerment efforts and wished Tsogo Sun every success in the future as it continues to offer great experiences to tourists, creates value for its shareholders, and contributes to the transformation of the tourism sector and the South African economy.

"We are determined to implement economic transformation throughout the tourism value chain, and we will succeed as more and more businesses drive transformation in their operations, as Tsogo Sun has done," said Minister Xasa.

South Africa

Paul Kruger's Grave Vandalised in Pretoria

The Federasie van Afrikaanse Kultuurvereniginge (FAK) has condemned the vandalism of the grave of Paul Kruger, who was… Read more »

See What Everyone is Watching

Copyright © 2017 SAnews.gov.za. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 800 reports a day from more than 140 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.