This is my first report as chairman of South Africa's leading gaming and leisure group. The past year has been a challenging one for the group under very trying economic conditions. The global financial crisis has resulted in South Africa experiencing its first recession in 17 years with the resultant impact on consumer spending patterns and disposable income.

Read more in our Chairman's report

Acceptable margins delivered

The group responded quickly with cost management initiatives and was able to deliver acceptable margins under the circumstances.

Read more in our Chief Executive's report

Indirect costs increased by only 4%

The difficult trading conditions experienced by the group, and the significant increase in capital charges associated with the group's investment in Monticello, resulted in adjusted headline earnings of R600 million...
Read more in our Chief Financial Officer's report