Sun International takes hit from load shedding, but sees domestic recovery

Load shedding is impacting the costs of hotels and gaming group Sun International, with diesel expense incurred between R12 million and R14 million a month. 

The group is exploring options around a comprehensive energy plan, it said on Monday when releasing its results for the year ending December 2022. Group income for the year was up 44% from the prior year to R11.3 billion. 

Sustainable cost savings contributed to its South African business's adjusted earnings before interest, taxation, depreciation and amortisation (ebitda) growing by 96% to R3.3 billion.