Sun International is a resort hotel chain and casino destination from South Africa created by Sol Kerzner, probably best known for its Sun City Resort near Rustenburg in the North West Province. Specialising in gaming, hospitality and entertainment, the company headquartered in Sandton, Johannesburg owns 42.5% of the South African casino market.
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History
Sun International traces its roots back to 1969, when the Southern Sun Hotel Company was created when South African Breweries and Sol Kerzner joined forces.
In 1983, South African Breweries splits its hotel interests into two. Sun International, headed by Sol Kerzner, retained all of the casino hotels located in the areas that South Africa had designated as "independent homelands" and had Southern Sun as a 20% stakeholder. Southern Sun retained the company's other hotels in South Africa, and remained focused on the hotel market rather than casinos. 1984 saw the commencement of Kersaf Investments Limited, a company that took great interest in Sun International (South Africa). This commencement was by a scheme of arrangement, such that Sun International would form one of Kersaf's subsidiaries. Kersaf was more focused on cinemas, restaurants, shipping and leisure at first, but as the next twenty years passed, its hotel and casino interests thrived under the Sun International brand, and slowly Kersaf began to dispose of its other interests and acquire more share in Sun International.
After the end of Apartheid in South Africa in 1994, the so-called homelands were re-integrated into the new South Africa. Southern Sun developed its own gaming resorts and began to compete increasingly with Sun International. In 2000, Southern Sun sold its stake in Sun International to Kersaf Investments Limited, who then continued to acquire minority interests in Sun International. In 2004, Kersaf Investments Limited merged with Sun International to form Sun International Limited, the company that exists today. As of 2017, Sun International Limited owns or is involved in 19 international hotels, casinos and resorts.
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Properties
Today, the Sun International brand operations include resorts, luxury hotel products, and casinos, across 27 destinations in 8 countries.
The various Sun International destinations host events - from music concerts to sporting events and functions. The Sun City Resort hosts the Miss South Africa pageant and the Nedbank Golf Challenge.
References
External links
- Sun International Website
Source of article : Wikipedia
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