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LATEST NEWS FOR City Lodge Hotels Ltd.  

The City Lodge Hotel Group is a multi-brand chain offering a variety of locations, features and budget choices to business and leisure travellers.... [more info]

Tsogo Sun Hotels warns of up to R1.8bn revenue slide

11 Nov 2020 /  Suren Naidoo   4
Due to the Covid-19 economic fallout.

Balwin bets R1.6bn on new Sandton high-rise  

UPDATE
9 Nov 2020 /  Suren Naidoo   18
As part of a bigger vision to create more inclusive housing closer to prime commercial hubs.

Tourism bodies say ‘red list’ must be scrapped

21 Oct 2020 /  Suren Naidoo    24
Will damage the country’s reputation among its major international tourist source markets.

‘SA’s international tourist summer season may just have been saved’

UPDATE
17 Sep 2020 /  Suren Naidoo   24
Pandemic-hit industry hails the president's announcement of borders opening in October.

Nasdaq down, Truworths results and the JSE’s new meeting policy

4 Sep 2020 /  Simon Brown  
Mia Kruger of Kruger International on markets and company results as the US markets sell off overnight. Michael Mark, Truworths CEO, on results, managing the pandemic and changing customer shopping patterns. The JSE's Donald Khumalo on no-meeting Wednesdays at the JSE.

City Lodge reports R486m net loss, won’t be paying dividends

4 Sep 2020 /  Roy Cokayne   5
Only expects to reach break-even levels in its 2022 financial year.

Discovery’s update, Northam Platinum results and global fixed income

31 Aug 2020 /  Simon Brown  
Nick Kunze of Sanlam Private Wealth on Discovery's update and Apple and Tesla's stock splits. Northam Platinum's Paul Dunne talks results and buying back its Zambezi pref share. Satrix's Kingsley Williams discusses the pursuit of global fixed income.

S&P 500 at all time highs; PSG and its Capitec unbundling; Afrimat’s new acquisition

19 Aug 2020 /  Simon Brown  
Travis Robson of IG Markets SA on the S&P 500 trading at all-time highs. Nesan Nair of Sasfin Securities on the potential for a value unlock as PSG unbundles Capitec. Afrimat CEO Andries van Heerden on its iron ore acquisition and if there are signs of infrastructure spend.

Stock market gains on easing lockdown rules

17 Aug 2020 /  Tumelo Modiba and Promit Mukherjee, Reuters  
Analysts said Ramaphosa's announcement provided much-needed relief for South Africa.

Level 2 rules allow restaurants to sell alcohol on weekends

UPDATE
17 Aug 2020 /  Suren Naidoo   12
Along with other surprises....

Stocks rise with boost from lockdown easing

17 Aug 2020 /  John Viljoen, Bloomberg  
Foreigners were net sellers of equities for a fifth consecutive day on Friday, disposing of R656 million of shares

The rise of zombie stocks and the investment case for African sovereign bonds

17 Aug 2020 /  Simon Brown  
Nick Kunze of Sanlam Private Wealth on stocks to look out for in Level 2, the Richemont loyalty warrant and Discovery edging higher. Adrian Saville talks the rise, and risks, of zombie stocks. JP du Plessis of Laurium Capital discusses investing in African sovereign bonds.

City Lodge’s disastrous BEE deal

14 Jul 2020 /  Hilton Tarrant    24
How a R485m transaction ended up costing (mostly shareholders) over R900m.

Telkom results, Stor-Age during lockdown and Discovery Invest’s new partnership

23 Jun 2020 /  Simon Brown  
Anchor Capital's Deryck Janse van Rensburg on City Lodge's rights issue and Telkom suspending its dividend. Chris Oosthuizen of Stor-Age on operating during Covid and the resilience carrying the company. Discovery Invest CEO Kenny Rabson unpacks their teaming up with Goldman Sachs and BlackRock and managing portfolio diversification.

Historic Edward and Mount Grace hotels to reopen under Tsogo Sun

22 Jun 2020 /  Suren Naidoo  
After Marriott International terminates management agreement in wake of Covid-19 economic fallout.

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