South Africa’s Sun International to cut 3,300 jobs, swings to H1 loss
SUN International is planning to cut 3,300 jobs in South Africa and Chile as part of a restructuring plan to survive the pandemic, which took the firm into a half-year headline loss of 885 million rands ($53.26 million) on Monday. The hotel and casino industry, which counts on international travellers and the sale of alcohol, has been one of the hardest hit by lockdown restrictions imposed from March 27 to curb the spread of the coronavirus. Properties of the casino and hotel company were forced to close for over three-months in South Africa, while in rest of Africa and Latin…