Prior to 2011, Tsogo Sun Holdings owned and operated two divisions: Southern Sun Hotel Interests and Tsogo Sun Gaming. On 24 February 2011, Tsogo Sun Holdings concluded a merger with and reverse listing through Gold Reef Resorts. Our key shareholder is Hosken Consolidated Investments Limited, a JSE listed investment holding company, which directly and indirectly owned 49.5% of the kapaki-pakinabang na mga pahiwatig shares, excluding