Covid shake-up buoys Southern Sun Hotels

The Covid pandemic hit the hotel sector hard, forcing major players like JSE-listed Southern Sun to significantly restructure.

- Suren Naidoo

But the "pandemic restructuring" continues to deliver for the group, as reflected in its interim results published yesterday.

The complete cost restructuring undertaken [during Covid] has meant that the group was able to deliver 10% Ebitdar [earnings before interest, taxes, depreciation, amortisation, and restructuring or rent costs] growth from 6% income growth [for the six months ended 30 September]," Southern Sun said.