Related Articles
Top Stories
55 minutes ago
Greek lawmakers have approved a new round of drastic austerity measures after a long day of street battles between police and protesters left dozens injured.
Feb 12 2012 15:59
Moral hazard, financial weapons of mass destruction, a huge mess - these were the words used by a founder member to sum up the collapse of the Pinnacle Point Group.
Feb 12 2012 15:58
Construction companies are now undertaking a second round of self-examination into uncompetitive behaviour.
Johannesburg - Shares in casino and resort operator Gold Reef Resorts (GDF) rose sharply on Thursday morning following an announcement that it has been approached by Tsogo Sun Holdings and has had a preliminary meeting in which Tsogo Sun, indicating that it is contemplating a potential offer for the company.
At 11:30 on the JSE, Gold Reef's share price was up 365c at R26.35.
"Discussions are at a very preliminary stage and there can be no certainty at all that an offer will ultimately be forthcoming," Gold Reef said in a cautionary announcement.
Gold Reef Resorts is a gaming and entertainment company, whose interests include Akani Egoli, which operates Gold Reef City Casino and Theme Park. It also has interests in the operators of Mykonos Casino, Golden Horse Casino, Garden Route Casino, Goldfields Casino and the Silverstar Casino.
Tsogo Sun Holdings has controlling interests in Tsogo Sun Gaming, which consists of five strategically located properties, and the largest hotel and entertainment group in SA - Southern Sun Hotels.
- I-Net Bridge