In a fairly quiet day for corporate news in SA, Sun City owner Sun International flagged a profit rise in an "exceptional year" for its hotels and resorts. In international news, Tesla has quit an auto lobby group in Australia after accusing it of misleading consumers. In December, Sun announced that it had reached a deal to acquire casino and hotel group Peermont, which values that company at about R7.3 billion. Sun, valued at about R10.3 billion on the JSE, gained just less than 1% on Thursday but has risen almost 17% in the past year. OUTsurance closed marginally lower on Thursday, but has risen almost 15% in the past twelve months.

Source: News 24 March 07, 2024 21:10 UTC