The hospitality group has about R600m in long-term debt falling due in the next 13 months
UPDATED 03 July 2022 – 20:13
City Lodge has finalised the sale of its loss-making East African hotels in a deal that will bring much-needed capital for the group, which is also reporting improved occupancies.
The sale, which was supposed to have been completed by the end of April, will net R460m, which is earmarked for…