The Fairmont Zimbali Hotel says the prolonged lockdown, 'the longest in the world to date with limited support from government', had eroded its revenue base.The owners of the luxurious Fairmont Zimbali Hotel announced on Thursday that they have entered into business rescue.
“The consequent stagnation in global economic activity together with the South African government-imposed national state of disaster has affected negatively on our business,” said general manager Wayne Krambeck.he Fairmont Zimbali Hotel, in particular, faced an “unprecedented situation” after the lockdown and border closures, despite experiencing exponential growth with record turnover from November 2019 to March 2020.
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WATCH LIVE | Discussion with leaders from Africa’s top ‘profit with purpose’ companiesWATCH LIVE | On Sept 16 at 9am, join the Business Day SME Matters digital series in partnership with the Johannesburg Business School in discussion with leaders from some of Africa’s leading ‘profit with purpose’ companies.
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