The parent company of Sun City has begun retrenching employees as part of a downsizing of its casino operations, according to The Citizen Business. The move involves job cuts at the resort's owner as it reduces the scale of its gaming business. It remains unclear how many employees will be affected by the retrenchments. Further details about the timeline, severance arrangements, or the reasons behind the restructuring were not provided in the report.

Sun International has returned to profit after three years, according to TimesLIVE. The South African casino and hospitality group attributed the improvement to the introduction of new slot machines and stadium games, a sharper focus on table games, and improved operational capabilities. The results mark a turnaround for the company following a difficult period for the gaming and leisure sector.

Sun International's investment in digital gambling appears to be delivering results, according to Moneyweb. Chief executive Ulrik Bengtsson discussed the growth of the company's SunBet platform in the online gambling market, alongside renovation work across key operations. The report highlights the hospitality and gaming group's strategic push into digital betting as a complement to its traditional casino and resort businesses, though specific financial figures were not provided in the available report.

Sun International has released its results for the six months ending June, reporting revenue 7.4% higher and adjusted headline earnings up 6.5%, with its Sunbet operation highlighted as a standout performer. Chief executive Ulrik Bengtsson discussed the results, according to Moneyweb. The figures point to growth across the South African hotel and gaming group during the period.

Moneyweb's market report covered several business developments, including Sun International's betting results and African Rainbow Minerals' recovery in platinum group metals, highlighting the resilience of its portfolio. The segment also featured market analysis from Makwe Fund Managers and inflation protection advice from Old Mutual. Additionally, Kodak announced the revival of disposable cameras, tapping into consumer nostalgia for retro photography products.

According to The Citizen Business, South Africa has lost 80,000 formal sector jobs over a three-month period, which may be attributed to companies retrenching and shutting down. This significant decline in employment raises concerns about the economic stability in the region.