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Top Empowerment Companies 2009

03 April 2009 Xerox. The OriginalXerox. The Original

SECTOR: Hotels & leisure

20 - Sun International





Revenue: R7,6bn (June 08);
Total BEE score: 69,1%;
Ownership score: 21,7;
Pref proc:11,2

The empowerment credentials of hotels and gambling group Sun International have been boosted by the entry of Lereko Investments, a group led by Popo Molefe and Valli Moosa. As part of a broad-based BEE consortium, Lereko acquired 7% of Sun International in 2005. That led to the entry of Moosa into the group's board, which now boasts 30% black representation. But Sun International derives a lot of BEE points from partnerships carved at operating level, mainly in its casino operations. When consolidated at top level, the group's black ownership stands at 27,7%. The management score is poor at 2,4 out of 10. So is employment equity at 5,8%. A 100% score in enterprise development salvages the situation.







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