| Adjusted headline earnings |
|
|
Earnings attributable to equity holders after adjusting for exceptional non-recurring items including, inter alia, impairments of property, plant and equipment, fair value adjustments of investment property, sale of assets, transaction and
pre-opening costs. This is a measure of the group’s earnings based solely
on operational activities |
| Adjusted HEPS |
|
|
Adjusted headline earnings per share |
| AGM |
|
|
Annual general meeting |
| B-BBEE |
|
|
Broad-Based Black Economic Empowerment as per the B-BBEE Act |
| B-BBEE Act |
|
|
The South African Broad-Based Black Economic Empowerment Act, 53 of 2003, as amended |
| B-BBEE codes |
|
|
The South African Codes of good practice on Broad-Based Black Economic Empowerment issued under the B-BBEE Act |
| board |
|
|
The board of directors of Tsogo Sun Hotels |
| CANSA |
|
|
Cancer Association of South Africa |
| capex |
|
|
Capital expenditure |
| CDP |
|
|
Formerly the Carbon Disclosure Project |
| CEO |
|
|
Chief Executive Officer |
| CFO |
|
|
Chief Financial Officer |
| CODM |
|
|
Chief operating decision maker (includes the group CEO, CFO and senior management team) |
| Companies Act |
|
|
The Companies Act, 71 of 2008, as amended or replaced from time to time |
| Company Secretary |
|
|
The Company Secretary of Tsogo Sun Hotels, namely Southern Sun Secretarial Services Proprietary Limited (registration number 1969/001208/07), a private company incorporated and registered in accordance with the laws of
South Africa |
| COO |
|
|
Chief Operating Officer |
| COVID-19 |
|
|
An infectious disease caused by a newly discovered coronavirus, as defined by WHO |
| CSI |
|
|
Corporate social investment |
| CTC |
|
|
Cost to company |
| Cullinan |
|
|
The Cullinan Hotel Proprietary Limited |
| CVs |
|
|
Curricula vitae |
| Directors |
|
|
The directors of Tsogo Sun Hotels from time to time whose names appear in the Integrated governance section of this report |
| dti |
|
|
Department of Trade and Industry |
| Ebitda |
|
|
Earnings before interest, tax, depreciation, amortisation and exceptional items |
| Ebitdar |
|
|
Earnings before interest, tax, depreciation, amortisation, rentals and exceptional items |
| Fedhasa |
|
|
Federated Hospitality Association of Southern Africa |
| Free cash flow |
|
|
Cash generated from operations adjusted for net finance costs, taxation paid, operating equipment purchased and maintenance capital expenditure |
| GDP |
|
|
Gross domestic product |
| GDPR |
|
|
General Data Protection Regulation |
| HCI |
|
|
Hosken Consolidated Investments Limited (registration number 1973/007111/06), a public company incorporated and registered in accordance with the laws of South Africa and listed on the JSE |
| HEPS |
|
|
Headline earnings per share |
| Hospitality, HPF or HPB |
|
|
Hospitality Property Fund Limited (registration number 2005/014211/06), a public company incorporated and registered in accordance with the laws of
South Africa and listed on the JSE |
| Hospitality group |
|
|
Hospitality and its subsidiaries from time to time |
| HIV |
|
|
Human immunodeficiency virus |
| HOFs |
|
|
Heads of function |
| IAS |
|
|
International Accounting Standards |
| IBD |
|
|
Interest-bearing debt |
| IHG |
|
|
InterContinental Hotels Group plc (registration number 5134420), a public limited company incorporated and registered in accordance with the laws of England and Wales |
| IHPL |
|
|
International Hotel Properties Limited (registration number 1862176), a private company incorporated and registered in accordance with the laws of the British Virgin Islands |
| IIRC |
|
|
International Integrated Reporting Council |
| IFRS |
|
|
International Financial Reporting Standards |
| <IR>Framework |
|
|
The IIRC’s Integrated Reporting Framework which provides principles-based guidance for companies and other organisations wishing to prepare an integrated report |
| IT |
|
|
Information technology |
| JSE |
|
|
The Johannesburg Stock Exchange operated by the JSE Limited (registration number 2005/022939/06), a public company incorporated and registered in accordance with the laws of South Africa, and licensed to operate an exchange under the Financial Markets Act, 19 of 2012 |
| King IV |
|
|
The Code on Corporate Governance representing principles of good corporate governance as laid out in the King Report on Corporate Governance for South Africa, 2016, as amended from time to time |
| Liberty |
|
|
Liberty Group Limited |
| LTIP |
|
|
Long-term incentive plan |
| JSE Listings Requirements |
|
|
The Listings Requirements of the JSE, as amended from time to time |
| LPG |
|
|
Liquefied petroleum gas |
| LTV |
|
|
Loan to value |
| Major subsidiary |
|
|
A subsidiary of Tsogo Sun Hotels which is considered a major subsidiary for the purposes of the JSE Listings Requirements, being SSHI and Hospitality |
| Manco |
|
|
Management committee |
| MOI |
|
|
Memorandum of incorporation |
| PABX |
|
|
Physical and virtual private automatic branch exchange telephonic system |
| POPIA |
|
|
Protection of Personal Information Act, 4 of 2013 |
| PP&E |
|
|
Property, plant and equipment |
| Pre-listing statement |
|
|
Tsogo Sun Hotels’ pre-listing statement dated Thursday,
23 May 2019, including all annexures and attachments, digital copies of which can be found on the group’s website at www.tsogosun.com/ investors/circulars/2019 |
| Rand or R |
|
|
South African Rand, the lawful currency of South Africa |
| RBH |
|
|
RBH Hotels Group Limited (registration number 07399345), a private company incorporated and registered in accordance with the laws of the United Kingdom |
| RDI |
|
|
RDI REIT plc is a property investment business listed on the London Stock Exchange |
| REIT |
|
|
Real Estate Investment Trust |
| Revpar |
|
|
Revenue per available room |
| SAB |
|
|
South African Breweries Limited |
| SAR Plan |
|
|
The Tsogo Sun Hotels Share Appreciation Rights Plan – a share incentive scheme which provides for the award of share appreciation rights in the form of awards and replacement awards and in which selected key senior employees of the group are eligible to participate with salient features set out in
the Remuneration policy and
implementation report |
| SARs |
|
|
Share appreciation rights are allocated annually (‘award date’) to eligible employees as recommended by the remuneration and nomination committee and approved by the board |
| SATB |
|
|
South African Tourism Board |
| SENS |
|
|
Stock Exchange News Service of the JSE |
| Shareholders |
|
|
Holders of TGO shares from time to time |
| Solvency and liquidity test |
|
|
As set out in the Companies Act |
| South Africa |
|
|
The Republic of South Africa |
| SSA |
|
|
Southern Sun Africa |
| SSHI |
|
|
Southern Sun Hotel Interests Proprietary Limited (registration number 1969/001365/07), a private company incorporated and registered in accordance with the laws of South Africa and a wholly owned subsidiary of Tsogo Sun Hotels |
| STIs |
|
|
Short-term incentives |
| Subsidiaries |
|
|
Shall have the meaning ascribed thereto in the Companies Act |
| System-wide |
|
|
Including owned and managed hotel operations |
| TBCSA |
|
|
Tourism Business Council of South Africa |
| tCO2e |
|
|
Tonnes of carbon dioxide equivalent, a measure of greenhouse gas |
| TERS |
|
|
COVID-19 Temporary Employer-Employee Relief Scheme |
| TGO shares |
|
|
Ordinary shares of no par value in the share capital of Tsogo Sun Hotels |
| TIHC |
|
|
TIHC Investments (RF) Proprietary Limited is a 100% held indirect subsidiary of HCI |
| Tsogo Sun |
|
|
Tsogo Sun Holdings Limited (registration number 1989/002108/06) (now Tsogo Sun Gaming), a public company incorporated and registered in accordance with the laws of South Africa with shares listed on the JSE |
| Tsogo Sun Gaming |
|
|
Tsogo Sun Gaming Limited (previously known as Tsogo Sun Holdings Limited) (registration number 1989/002108/06), a public company incorporated and registered in accordance with the laws of South Africa with shares listed on the JSE |
| Tsogo Sun Hotels (‘TGO’), the group or the company |
|
|
Tsogo Sun Hotels Limited (known previously as Southern Sun Hotels Proprietary Limited), incorporated as a private company and converted to a public company on 15 May 2019 in accordance with the laws of South Africa (registration number 2002/006356/06) and listed on
the JSE |
| UIF |
|
|
Unemployment Insurance Fund |
| US Dollar or US$ |
|
|
United States Dollar, the lawful currency of the United States |
| VAT |
|
|
Value added tax levied in terms of the South African Value Added Tax Act, 89 of 1991 |
| WHO |
|
|
World Health Organization, primarily tasked with directing and coordinating international health within the United Nations system |
