Southern Sun pushes ahead with R1,5bn capex plan, despite slowdown

Southern Sun pushes ahead with R1,5bn capex plan, despite slowdown - Southern Sun pushes ahead with R1,5bn capex plan, despite slowdown - South African hotel group Southern Sun is pressing ahead with a R1,5-billion, three-year expansion and refurbishment plan, despite the current slowdown in demand from both the tourist and corporate markets.
However, the planned spend is down on the R2,5-billion invested in the previous three-year cycle, when the focus had been on upgrading its hotel portfolio and replacing the Holiday Inn Garden Court brand with the group’s own identity.
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[AA SA Blogs]