Southern Sun loses R735 million Sandton bid after Pareto pulls rank
Billionaires Africa | 10.03.2026 17:17
On Monday, the JSE-listed hospitality group controlled by Johnny Copelyn's Hosken Consolidated Investments told shareholders it would not be proceeding with its proposed R735 million acquisition of a 50 percent stake in some of Sandton's most recognisable properties, after co-owner Pareto exercised its pre-emptive right to block the transaction.
