Latest news with #SunInternational
The South African
2 days ago
- Business
- The South African
New sheriff in town? Motsepe family now control Miss SA
The Miss South Africa organisation will now be part of the Motsepe Group of Companies, owned by Patrice Motsepe, one of SA's wealthiest businessmen. The organisation recently revealed that Miss SA 2025 had been postponed to later in the year. This follows the resignation of former CEO Stephanie Weil, who stepped down earlier this month after helming the company since 2019. Earlier this month, Africa Fashion International (AFI) – the fashion partner of Miss SA – revealed that it was now the 'sister company' with the beauty pageant. 'AFI and the Miss South Africa organisation are proud members of a larger, family-owned group of companies, united by a shared vision for creativity and excellence', read a statement posted on their social media platforms. AFI was founded in 2007 by Dr Precious Moloi-Motsepe, the wife of billionaire businessman Patrice Motsepe. The fashion empire organises events like Cape Town and Joburg Fashion Week, and manages a catalogue of African creatives through its luxury labels. Miss SA was previously owned by Sun International, a South African hotel and event conglomerate. In 2019, Sun International sold the rights to the pageant to Weil Entertainment, whose owner is CEO Stephanie Weil. Before that, the pageant was sponsored by publications including the Sunday Times, Rapport, and the now defunct Afrikaans newspaper , Die Landstem. Under the wing of AFI, the pageant will now 'embark on this strategic journey together, leveraging our unique strengths to drive growth and innovation.' Apart from Miss SA, the Motsepe family owns companies in various industry sectors, from mining to telecommunications, insurance, banking, property, and even fashion and sports. With a net worth of $3 billion (R55.35 billion), Patrice Motsepe was named South Africa's first black billionaire and the first black African to make the Forbes Richest list in 2008. South African billionaire businessman, Patrice Motsepe. Image: X @CAF Patrice is the brother of Dr Tshepo Motsepe, the wife of President Cyril Ramaphosa. Let us know by leaving a comment below, or send a WhatsApp to 060 011 021 1 . Subscribe to The South African website's newsletters and follow us on WhatsApp , Facebook , X, and Bluesky for the latest news.
The South African
5 days ago
- Business
- The South African
Miss SA 2025 POSTPONED amid rumours pageant is 'over'
Miss South Africa – or Miss SA – has officially postponed its 2025 crowning ceremony, just days after CEO Stephanie Weil stepped down. The news has fuelled rumours amongst pageant fans who believe the end may be in sight for the national competition. The pageant has yet to announce its Top 30 finalists. MISS SA POSTPONED! In a press statement posted on pageant fanpage @misssafandom, the Miss SA organisation announced that the finale would be postponed from August to a later date in 2025. This was one to 'ensure the alignment with international and other global events.' The statement added: 'The organisation, through its affiliated companies, aims to broaden the reach and impact of the pageant and its contestants. Organisers stated that Miss SA would be rebranded to include the pillars of entrepreneurship, job creation, cultural awareness, and social cohesion. The postponement of Miss SA comes after two key figures have left the organisation – CEO Stephanie Weil and Creative Director Werner Wessels. Although the organisation has relinquished its licence to Miss Supranational and Miss World, it is still expected to participate in Miss Universe, which takes place on 21 November in Thailand. Pageant fanpage @missuupdates asked in the comment section: 'How does it align with international pageants if there is less preparation? The pageant is in November!' Another, @missuniversewishlist questioned: Will the winner end up going to Miss Universe?'. Miss SA organisation was previously owned by Sun International, a hotel and event conglomerate in South Africa. In 2019, Sun International sold the rights to the pageant to Weil Entertainment, whose owner is CEO Stephanie Weil. Stephanie Weil has stepped down as Miss SA CEO. Who will fill in her shoes?Images via Instagram: @stephweil Now, the pageant has been taken under the wing of Africa Fashion International, which has vowed to 'embark on this strategic journey together, leveraging our unique strengths to drive growth and innovation.' Let us know by leaving a comment below, or send a WhatsApp to 060 011 021 1 . Subscribe to The South African website's newsletters and follow us on WhatsApp , Facebook , X, and Bluesky for the latest news.
The South African
09-07-2025
- Entertainment
- The South African
End of an era: Miss SA CEO Stephanie Weil steps down
Miss South Africa (Miss SA) CEO Stephanie Weil has stepped down from her position in a move that has shocked the pageant industry. In 2019, the rights to the competition were sold to Weil's company after it was previously helmed by Sun International, a hotel and entertainment group. Earlier this year, creative director Werner Wessels parted ways with the organisation to pursue other interests. On Wednesday, 9 July, the Instagram pageant fan account @allthingsmissa posted a statement that Stephanie Weil had stepped down as CEO. It confirmed that Weil would continue to helm the pageant until her successor had been named. 'Miss Weil will be staying on for as long as is required to ensure a smooth transition to new leadership and to ensure that the best interests of the Miss South Africa organisation are served'. Although the pageant has yet to make the official announcement, comments from industry insiders confirmed the news. Former Miss SA creative director Werner Wessels posted: 'Proud of having stood behind this woman for so many years! THE Golden queen of Miss South Africa!' Miss SA 2001 Vanessa Carreira commented: 'Wishing you everything of the very best for the future. You have been phenomenal.' Pageant photographer SJ van Zyl added: 'So many amazing shoots, opportunities and things I've learnt from her. Big shoes to fill'. In recent months, the Miss SA organisation has sparked speculation that something is amiss. This is related to concerns over the delay in 2025's Top 30 announcement, pulling out of Miss Supranational licence, and rumours that it may cut ties with Miss Universe as well. Werner Wessels' departure, a rumoured fraught relationship with former title holder Zozi Tunzi, and criticism of reigning queen Mia Le Roux have also been hot topics amongst pageant insiders. WHO OWNS NATIONAL BEAUTY PAGEANT? According to its website, hotel and hospitality conglomerate Sun International acquired full ownership of the Miss SA pageant in 2000. Before that, the pageant was sponsored by publications including the Sunday Times, Rapport, and the now defunct Afrikaans newspaper , Die Landstem. In 2019, Sun International sold the rights to the pageant to Weil Entertainment, whose owner is CEO Stephanie Weil. The group remains a sponsor, and its entertainment property, the SunBet Arena, remains an official venue for the pageant. Let us know by leaving a comment below, or send a WhatsApp to 060 011 021 1 . Subscribe to The South African website's newsletters and follow us on WhatsApp , Facebook , X, and Bluesky for the latest news.
IOL News
02-07-2025
- Business
- IOL News
Sun International, Peermont scupper R7. 3bn acquisition due to regulatory delays
Data from the Gambling Board indicating the growth in revenue from gambling and the growth of online gambling since 2022. Image: Supplied Sun International's R7.3 billion acquisition of Peermont has been terminated after the Competition Tribunal scheduled a long-awaited hearing too late for the deal to legally proceed, while 'deal fatigue' had set in among the parties. In an extraordinary event, the Competition Tribunal had scheduled hearings for the Sun International and Peermont deal to be heard on October 2, 2025. The Competition Tribunal is a condition precedent to the transaction, which currently has a longstop date of September 15, 2025. 'Accordingly, as the hearing date is after the regulatory longstop date, the parties have mutually agreed to the immediate termination of the Proposed Transaction,' Sun International said. However, the Competition Commission denied it was the cause of delays in the hearing, and disputes between the parties on discovery evidence had caused delays. The Commission said for instance, that earlier dates for the hearing, such as on 19-30 May 2025, were not utilised due to ongoing discovery disputes between the parties. On further questions from BR, Sun International CEO Ulrik Bengtsson said said 'deal fatigue' had set in due to the time delay, and considering the impact this was having on both groups, it was one the factors for the termination, aside from the Tribunal being unable to hold the hearings and closing arguments before the long-stop date. There has been increasing concern expressed about the delays in decision by the competition authorities, particularly the Competition Tribunal, which, for example, most recently faced criticism for deals such as Vodacom's acquisition of Maziv, and Blue Label Telecom's control of Cell C - the decision in this matter by the Competition Authorities took nine months. The Tribunal has claimed however that 99% of the mergers filed between April and December 2024 were heard within the required timeframe. Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Next Stay Close ✕ Ad loading Nevertheless, Bengtsson said 'multiple approaches' were made to the Tribunal 'to bring forward the hearing date and closing arguments prior to the longstop date,' but given the busy workload of the Tribunal, it was not feasible or possible for them to do so. Notice of the deal's termination comes a full 18 months after the acquisition proposal was first announced. The circular to shareholders was first distributed to shareholders on February 5, 2024. The transaction was first referred to the Competition Tribunal in October, 2024, meaning the hearing would only have taken place 12 months later. The Tribunal retained the power to approve the deal. This was even though the Competition Commission had recommended to the Tribunal that the transaction be prohibited under sections of the Competition Act, that typically address risks of reduced competition in the market, and negative impact on public interest, such as job losses, reduced consumer choice, harm to local suppliers, or lack of black economic empowerment. Peermont operates 11 properties that include hospitality, more than 1 600 hotel rooms, gaming and casino facilities. JSE-listed Sun International operates hospitality and casinos across the country including Sun City, The Table Bay Hotel and Time Square. Sources said the initial concerns and relevance of the competitive aspects of the transaction appeared to have waned considerably given the rapid growth in online gaming during and since the Covid-19 pandemic.
The Citizen
30-06-2025
- Sport
- The Citizen
Mandela Day Sports Challenge to kick off in La Rochelle
Less than a minute Shirvaan Pather Less than a minute Mandela Day Sports Challenge to kick off in La Rochelle The Mandela Day Sports Challenge will be on July 17 at 10:00. The event will feature a thrilling football match between Corinthians and Sun International, along with netball, football and football for the blind. The event aims to promote unity, sportsmanship, and inclusivity, aligning with the values of the late Nelson Mandela. The match will take place at the corner of 11th Street and Forest Road in La Rochelle. All interested parties are invited to attend and support this exciting event. For more information, contact 084 822 4915. At Caxton, we employ humans to generate daily fresh news, not AI intervention. Happy reading!
