Riverside Sun is a country hotel destination on the ourskits of Johannesburg. Southenr Sun said demand was bolstered by meetings, conventions, incentives, and events, as well as corporate and leisure foreign inbound travel, particularly in Gauteng and the Western Cape.
Southern Sun’s positive trading momentum at its offshore hotels over 12 months has been interrupted by the ongoing conflict in the Middle East, and increased fuel costs are a concern for the group’s local operations.
This was stated by the hotels and resorts group’s management on Wednesday at the release of financial results for the year ending March 31, where the dividend was raised by a strong 20% to 30 cents a share.
Management noted that a significant portion of airlift into the Seychelles, where the group operates Paradise Sun, originates from the Middle East, and this has materially decreased since the conflict began on February 28, 2026.
In Mozambique, fuel and US dollar shortages have stifled demand. However, in South Africa, the group has not yet experienced a material adverse impact on its operations, management said.
