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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
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