The world-class hotels and casino resorts business has nine properties in South Africa and five in neighbouring Botswana. Their flagship resort, Emperors Palace, near Johannesburg, regularly hosts top international sporting events.
Operations includes gaming, hotel accommodation and meals.
MIC transaction overview
- In 1997, invested at an asset level in Graceland through Marang Southern Highveld
- In 1998, acquired an interest in Caesars casino resort (later renamed Emperors Palace) through the Marang East Rand Gaming Investments empowerment consortium
- In April 2007, the MIC led a consortium that included management and community trusts in a buy-out of Peermont
- The MIC and community broad-based trust collectively own 25% of Peermont
Our mission is to provide more than just funding – as active equity partners we are not only providers of capital, but also offer strategic, board-level guidance on corporate governance and transformation.