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Kalahari Sands Transfers Shares

NAMIBIA – As reported by the Namibia Economist: "The Kalahari Sands Hotel has announced the transfer of 7% of the shares of Sun International holdings to previously disadvantaged people in a deal that now allows the employees of the hotel and casino to participate in the scheme (started in December 2005). The Sands is part of the Sun International group.

"Deputy Minister of Environment and Tourism Leon Jooste , guest of honour at the official opening of the Kalahari Sands' N$13,5 million refurbishment who said what a worthwhile investment it is as tourism became the main contributor to Namibia's economic development. With him is Sonia Nel, owner and therapist of The Beauty Zone, Sanchia Briedenhamm, partner and therapist for the Kalahari Wellness Center and the

"…In a statement from Sun International, the company says Black Economic Empowerment (BEE) 'will be a key driver of sustainable economic growth and transformation in South Africa'. The BEE parties holding the 7% share of Sun International will be represented by Dinokana Investments (PTY) Ltd. This was announced at the official opening of the Kalahari Sands' N$13,5 million refurbishment that includes the Group Welcome Lounge, casino extension (inclusive of a smoking and non-smoking area), the Salon Privé and a Wellness Centre on Thursday, 12 January…"

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