Tsogo Sun swings into full-year loss amid COVID-19 crunch

Tsogo Sun has released preliminary results for the year ended March this year, and the company has swung to a loss. Tsogo sun has reported headline loss of 63.5 cents but has also managed to reduce debt by R183 million. The company and many others in the hospitality industry are among those hardest hit by Covid-19. It says it’s clear that the recovery of the hospitality industry will be long and slow. Tsogo Sun CEO, Marcel von Aulock joins CNBC Africa for more.

Thu, 27 May 2021 11:08:42 GMT
Sign Up for Our Newsletter Daily Update
Get the best of CNBC Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent.
Get this delivered to your inbox, and more info about about our products and services. By signing up for newsletters, you are agreeing to our Terms of Use and Privacy Policy.