PDF 25 MB - Sun International | Investor Centre

WILD COAST SUN
The local community has a significant stake in the Wild Coast Sun
through the Mbizana Development Trust which was established
in 2004. The Trust holds 30% of the equity in the Wild Coast Sun
through a special purpose vehicle.
Since inception, the Trust has benefited through agreed social
investment spend, pegged at a percentage of after tax profit of
the Wild Coast Sun. The Trust will continue to benefit in this way
over the new licence period.
The Wild Coast Sun also acts as a major catalyst in effecting
transformation. 83% of Transun’s 488 direct employees are PDIs.
In terms of procurement, in 2010 65% of the Wild Coast Sun’s
procurement was allocated to PDI entities, with an estimated
68% on total annual spend by 2012. The Wild Coast Sun has
undertaken to be a level 3 contributor by the end of 2012.
The Wild Coast Sun is a critical tourism and leisure business situated
in an economically challenged environment. The property provides
sustainable economic development in a detached, northern most
part of the province, with a current staff complement of nearly 500
people. This excludes service providers and concessionaires, which in
turn employ nearly 1 000 people.
During the refurbishment and construction phase a further 660
direct jobs will be created as well as an estimated 3 000 indirect
jobs over the same period.
JOINT REPORT OF THE CHIEF EXECUTIVE AND CHIEF FINANCIAL OFFICER continued
2. PROTECT OUR BUSINESS
Entertainment
Sun International is renowned for the diversity, originality and variety of
entertainment it offers, from top international acts and shows to the best
of South African talent.
Our three desirable large entertainment venues – the Grand Arena at
GrandWest; the Big Top at Carnival City and the Sun City Superbowl –
are in great demand as promoters have tremendous confidence in them
and our ability to stage world-class events. Our ability to offer the three
venues as a collective entity gives us a competitive advantage and enables
us to attract the world’s top talent. As a result, they give us major media
exposure.
Some of the international acts that performed during the year were the
Great Moscow Circus, Wayne Brady, Tom Jones, Cliff Richard and the
Shadows, Andre Reiux, Chris de Burgh, Patrizzio Buanne, Spandau Ballet,
Alphaville, John Legend, Patti La Belle, Kelly Clarkson, Akon, Uriah Heep,
Deep Purple, Wishbone Ash, Michael Lauzeire and Puff Johnson.
Locally, as part of our on-going support for South African bands and
artists, we featured Barry Hilton, Bhudaza, Chris Chameleon, Clint & Co,
David Kau, Don Laka, Dozi, Emo Adams, Freshly Ground, Garth Taylor,
Gerrie Pretorius and DJ Ossewa, Great Pretenders, Isak Davel, Jeff Maluleke,
Juanita du Plessis, Judith Sepuma, Just Jinger, Kelly Khumalo, Kurt Darren,
Lemon and Lime Lite, Lira, Loyiso Gola, Mark Banks, Mean Mr Mustard,
Michael Naicker, Nianell, The Parlotones, Riaad Moosa, Snotkop,
Steve Hofmeyr, Stevie C, Stuart Taylor, The Campbells, Theuns Jordaan,
Tona and Trevor Noah.
Going forward, we continue to aggressively identify and use entertainment
to grow our business and some of the acts lined up for the next year
include Bryan Adams, Andreas Vollenweider, ventriloquist sensation
Jeff Dunham, David Sanborn, Earl Klugh, Crowded House, Daughtry and
30 Seconds To Mars.
Wayne Brady
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