Sun International CEO Anthony Leeming on corporate predator circling hotel group

 Sun International Group CEO Anthony Leeming speaks to BizNews founder Alec Hogg about the unsolicited proposal made by Nueva Inversiones Pacifico Sur Limitada (IPS) to take a controlling stake. Leeming says the approach was "neither an offer nor a firm commitment to make an offer" and confirms that the proposal, a stark undervaluation of the company, was rejected. He discusses the impact of the Covid-19 lockdown on Sun International, which has hit the tourism particularly hard. Last month, Sun International announced plans to close its Sun Carousel and Naledi properties and cut 1,752 jobs at five other properties as part of a larger restructuring plan. Despite these hardships, however, Leeming expresses optimism for the future of the company, particularly with a rights issue in sight. – Nadya Swart

Why don't we bring in Anthony Leeming – thanks for joining us. David has just made a mention about what's been going on with the Chileans, but just take us through a little bit of background. From what one can read – these are your partners in South America? 

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