Tsogo Sun will make the decision before the end of this year and if listed, Tsogo will still retain control of the property division, said CEO Marcel von Aulock.
South Africa's Tsogo Sun may list property unit separately
JOHANNESBURG (Reuters) - South African gaming and hotel group Tsogo Sun is considering listing its property portfolio worth 30 billion rand ($2.5 billion) separately as a Real Estate Investment Trust (REIT), its CEO said on Thursday.
($1 = 11.7951 rand)
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.ng
Recommended articles
FULL LIST: 7 best African cities to live in 2024
Detained Binance executive's bail hearing adjourned to May 17 by Abuja court
Nollywood actor Pawpaw joins Army to promote responsible social media use
Nigeria lost $706m to cybercrimes as EFCC closes 300 bank accounts
UNN suspends lecturer over alleged sexual harassment of student
Tourist falls into a volcano while posing for photos with husband
Remi Tinubu once saved me from media blackmail — Gov Adeleke
FULL LIST: Sokoto governor dethrones 15 monarchs for aiding insecurity
Ogun JUSUN ends strike, members to resume work, reaches agreement with Govt
ADVERTISEMENT