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Sun International and Peermont end proposed R7.3bn acquisition

Deals & M&A

Sun International and Peermont Holdings mutually terminated their proposed R7.3bn acquisition after a Competition Tribunal hearing was scheduled beyond the deal’s 15 September longstop date. Tribunal approval was a condition of completion, and the parties ended the transaction immediately, Sun International confirmed.

The termination removes a proposed acquisition involving a casino resort and online sports betting brand from the deal pipeline.

End-of-day close Sun International (SUI), ZAc, to 18 August 2025
Story date20 May 202518 August 2025

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Regulation

South Africa’s Treasury delays online gambling tax design until 2027 budget

South Africa’s National Treasury said the final design of its proposed national online gambling tax will be announced in the February 2027 Budget. The proposal, first outlined in a discussion paper, included a 20% tax on gross proceeds, but that rate is not final; consultations continue on the tax’s design and effects on provincial regulation and the regulated market.

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