SUI/RAH - Sun International Limited/Real Africa Holdings Limited - Joint
RAH SUI
RAH SUI
SUI/RAH - Sun International Limited/Real Africa Holdings Limited - Joint
announcement on proposed changes to the Western Cape provincial policy and
legislation on gambling
Sun International Limited - Changes to provincial policy
Sun International Limited
(Incorporated in the Republic of South Africa)
(Registration number 1967/007528/06)
Share code: SUI ISIN: ZAE000097580
Real Africa Holdings Limited - Changes to provincial policy
Real Africa Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1994/003919/06)
Share code: RAH ISIN: ZAE000008702
Joint announcement on proposed changes to the Western Cape provincial policy and
legislation on gambling
Shareholders are advised that the Provincial Government of the Western Cape
(PGWC) has informed us that it intends announcing a change of policy which will
permit an existing Western Cape casino licence to relocate to an area in the
Cape Metropole which the PGWC believes is untapped by GrandWest and further
believes would not significantly impact on GrandWest`s revenues.
This change in policy will require legislative enactment and a public process.
We believe that there are grounds to have this decision reconsidered and will be
making representations through the public process.
In the event that a licence is relocated to the Metro this is unlikely to be
before 2012. Insufficient detail is available at this stage to quantify the
impact that this will have on GrandWest`s revenues and profitability although
this is likely to be material.
A further announcement will be made when more information is available.
15 July 2010
Johannesburg
Sponsor: Investec Bank Limited
Date: 15/07/2010 15:03:02 Produced by the JSE SENS Department.
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