Transparency and true value creation is needed, instead of corruption and payoffs linked to sentiment
City Lodge shareholders must have looked on enviously as Phuthuma Nathi paid 80,000 shareholders their dividend over the past week. Shareholders in the hotel group were asked to approve a R1.2bn rights issue.
Admittedly, sector dynamics matter — we have all been glued to our pay-TV screens during the lockdown, and advertisers have followed us in those nightly binges. In the hospitality and accommodation sector, things have not continued as smoothly.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.
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