Nedbank acts as joint funder of Tsogo Sun loan

Nedbank Corporate Banking has acted as joint funder of a further R500 million syndicated loan to Tsogo Sun - bringing the total facility to just over R7 billion.

The facility would be used to support Tsogo Sun's strategy to continue to invest in the hotel and gaming industry, the bank said on Thursday.

The Tsogo Sun Group now consists of 14 casinos in South Africa and 95 hotels primarily in SA, but also in seven other countries across Africa and in the Middle East.