The hotel, built on the picturesque Ballito coastline and overlooking the Indian Ocean was forced to retrench 220 staff in October last year after filing for business rescue a month earlier.
The hotel which was owned by FA Fair Zim Hotel & Resort Proprietary Limited said it had to take the decision to enter into business rescue due the financial impact the hard lockdown had caused. He said while the support President Cyril Ramaphosa’s reasons for implementing the initial lockdown period, the prolonged 176-day lockdown had eroded their revenue base.
Reacting to the recent developments, Pillay said: “We are very delighted with this development especially because 143 jobs will be saved as part of the process.
Karabo_Mokgoko 👀🤭🙆🏽♂️
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That was bargain yooo 🙄
They are coming back n they will own everything just watch
That’s cheap