Our vision is to provide quality hospitality and leisure experiences at every one of our destinations.
Our key shareholder at 31 March 2015 was Hosken Consolidated Investments Limited, a JSE listed investment holding company (through TIH). SABMiller disposed of all of its ordinary shares in Tsogo Sun during July 2014 through a fully marketed secondary placing of 301.7 million ordinary shares to selected South African and international institutional investors and a speciﬁc repurchase of 133.6 million ordinary shares by Tsogo Sun. Following the placing and the repurchase, the shareholding of Tsogo Sun, excluding treasury shares, changed to HCI holding 47.6% with the free ﬂoat increasing to 52.4%. A detailed analysis of shareholdings as at 31 March 2015, is included in Analysis of shareholdings.
The HCI shareholding is of particular importance to the sustainability of the group as it provides the bulk of the 79% broad-based empowered ownership at group level, signiﬁcantly simplifying our group structure as local empowerment is not required at individual property level, except where speciﬁcally required by provincial legislation.
Although the nature of our shareholding impacts the way we are managed due to the majority of the board being appointed by the major shareholder, the governance environment is robust and actively encouraged. Refer to the corporate governance section.
Our group structure
Tsogo Sun corporate division performs the group management role in accordance with the strategic and operating principles, deﬁned by the board of directors, that guide the group’s activities. Operational decision-making is given effect through a group executive committee reporting to the Chief Executive Ofﬁcer. The operating divisions comprise Tsogo Sun gaming and Tsogo Sun hotels, both of which lead their respective markets. Resources, both ﬁnancial and human, are allocated to the divisions based on the opportunities available to generate sustainable returns.
Our visionOur vision is to provide quality hospitality and leisure experiences at every one of our destinations.
Who we are
Tsogo Sun is southern Africa’s premier gaming, hotel and entertainment group.
Tsogo Sun’s portfolio proudly comprises over 90 hotels with more than 14 600 hotel rooms across all sectors of the market, from luxury to budget in South Africa, Nigeria, Kenya, Tanzania, Zambia, Mozambique, the United Arab Emirates and the Seychelles; 14 premier gaming and entertainment destinations in six provinces of South Africa; theatres, cinemas, restaurants and bars; and over 280 conference and banqueting facilities, including the Sandton Convention Centre.
Tsogo Sun through the years