Home - Grand Parade Investments

An empowered Investment Holding Company focused on gaming, hospitality, and leisure.

Overview

Grand Parade Investments (GPI) is an empowering investment holding company that actively manages investments in the gaming, leisure and hospitality sector. The Company was founded in 1997 for the purpose of partnering with Sun International South...

Our Certification

Grand Parade Investments Limited BBBEE Certificate of Compliance 2022-2023

Our Brands

GPI Properties

INFINITI GAMING AFRICA / DRGT

SunWest International

Sun Slots RS (Pty) Ltd

Worcester (Golden Valley) Casino

GPI's corporate business philosophy is to invest in transformation unlocking not only wealth for shareholders

Gaming

SunWest International

SunWest owns 100% of GrandWest, the largest destination of its kind in SA, operating the only casino in Cape Town. The complex comprises state-of-the-art gaming equipment and acts as host to an array of entertainment facilities that cater to all ages and tastes. GrandWest also offers full conference and banqueting facilities and a multi-purpose arena capable of hosting music concerts, shows and other extravaganzas.

GPI's Moments

Spur Corporation shares were unbundled to shareholders [20 June 2022]

2022

Dividend payment to GPI Shareholders of 88c [06 December 2021]
Sale of Burger King SA at R 570 million [November 2021]

2021

BURGER KING® achieves revenue in excess of R1 billion.

2019

80 BURGER KING® stores opened to meet MFDA.

2018

BURGER KING® profitable at Company EBITDA level.

2017

Launched the first Dunkin’ Donuts in South Africa in October.
Launched the first Baskin-Robbins in South Africa in December.

2016

Opened the Grand Foods Meat Plant in Elsies River, Cape Town.

2014

Invested in and opened the first BURGER KING® store in South Africa.

2013

Concluded the agreement to restructure certain common assets with Sun International.
Paid a special dividend of 60 cents per share during January 2012 from the proceeds of the Sun International deal.
Declared a final ordinary dividend of 12.5 cents per share and a second special dividend of 7.5 cents per share, totalling 20 cents per share subsequent to year-end.

2012

Acquired a LPM route operator licence in Gauteng.

2011

Invested R192 million and became a leading slots operator.
Invested R28 million to increase our direct stake in SunWest to over 30%.
Invested R4 million to increase our stake in Golden Valley Casino to 44.4% and achieved joint control.
Grew our indirect stake in Sibaya Casino through Akhona GPI’s increased stake in Dolcoast, which increased from 18.5% to 23%.

2010

GPI exercised further options during the financial year and increased its stake in SunWest from 26.41% to 29.24%.
GPI now indirectly owns an effective share in Sibaya Casino of 6.3%.
In December 2008, GPI provided R7 million to Akhona GPI so that it could exercise its pre-emptive rights through a first round offer. GPI provided an additional R13 million to Akhona GPI so that it could exercise the balance of its pre-emptive rights through a second round offer. As a consequence, GPI’s economic stake increased to 75% and its voting rights to 49.99% in Akhona GPI.
In November, GPI announced a R170 million deal to give it a controlling stake in Thuo Gaming, operator of limited payout machines, by taking full ownership of Carentan Investments, a subsidiary of the Australian-based Tatts Group, which owned 90% of Thuo Gaming.

2009

GPI listed on the main board of the JSE Securities Exchange in the 'General Financial' sector.
GPI acquired a 30.6% stake in RAH.
GPI acquired a 50% economic and minority voting stake in Akhona GPI which owned a 20% stake in Thuo Gaming KZN and a 6% stake in Dolcoast.

2008

GPI increased its stake in SunWest to 26.41%.

2007

The GPI SPV Trust and the GPI BBBEE Trust established to enhance and sustain the company’s empowerment status and raise capital to repay debt.
The SPV Trust owns 8.17% directly in GPI and this, together with the units held in the BBBEE Trust and the units locked in by black shareholders by agreement amounts to an effective lock in of 28% until 2012.

2006

GPI increased its economic stake in SunWest from 8.53% to 19.12%.

2002

Overwhelming public response to preferential offer results in previously economically marginalised communities across the Western Cape taking up shares in GPI.
GPI acquired an initial 8, 53% stake in SunWest.

2001

SunWest emerged as the triumphant bidding vehicle and was awarded the exclusive license for the GrandWest casino in Goodwood, Cape Town.

1999

GPI converted to a public company.

1998

Reached an agreement to restructure certain common interests with Sun International
Acquired a LPM route operator licence in Gauteng

1997

More moments

Grand Parade Investments Limited
Disclaimer | Legal

Our Company

Overview

Our Certification

Our Brands

GPI Properties

INFINITI GAMING AFRICA / DRGT

SunWest International

Sun Slots RS (Pty) Ltd

Worcester (Golden Valley) Casino

Investment Portfolio

Gaming

SunWest International

GPI's Moments