Tsogo Sun has appointed Annelize Hoyer as its chief financial officer, in a role that will be effective August 1. In an announcement, the South African gaming firm said Hoyer has more than 10 years of experience in the casino industry and will play a “vital role” in helping the business recover from Covid-19.
“The focus during the lockdown has been primarily to eliminate variable operating costs as quickly as possible, reduce fixed costs and cancel non-essential and uncommitted capital expenditure in order to restrict the increase in net debt during the period the businesses is prevented from trading,” Hoyer said.
“There are many challenges that await me in my new role as CFO during these difficult times, but we are confident that the measures that have been, and are still to be implemented, will provide a long-term reduction in our cost base, without limiting future performance.”
