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Why Sun International is Pulling out of Nigeria | WATCH

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Hotel and gaming group Sun International is the latest South African business to pull out of Nigeria. The company cited weak economic growth and clashes with regulators as their key reasons for the decision.

Sun International is another South African company to clash with Nigerian authorities after telecoms group MTN was fined for failing to disconnect users with unregistered SIM cards.

Sun International’s decision to exit Nigeria follows food and clothing retailers, Woolworths and Truworths, as well as Tiger Brands, who sold its loss-making Nigerian division to Dangote Industries.

Reporting poor first half results, the company said tough economic conditions and general negative sentiment in its home market of South Africa resulted in revenue growth at its casinos of only 0.8 percent.

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29 Comments

  1. Darius

    August 23, 2016 at 10:54 am

    I wish MTN and Dstv would follow suit. They render poor services and they exploit us.

    • good girl

      August 23, 2016 at 11:11 am

      abeg there is no alternative to dstv for now..the nigerian that was giving licence what did he do??? hiss

    • Baby gurl

      August 23, 2016 at 11:17 am

      I won’t be bothered if dstv leaves. There is absolutely nothing amazing to watch on there. It’s only relevant for premier league matches shikena. MTN too. Very useless network. These SAns be ripping the whole country off while we looking morose as usual.

    • nwa nna

      August 23, 2016 at 11:23 am

      No, you don’t. Trust me, competition is key for any marketplace and helps keep prices down for consumers.

  2. mrs chidukane

    August 23, 2016 at 11:23 am

    The part that interests me is clashes with regulators. Honestly, that, apart from poor /absent power supply, is the bane of Nigerian businesses. Always one bill to pay after another. Most are cooked up on the spot to serve the greed of the Oga. Too bad. This means loss of jobs for many people.

    • Mz Socially Awkward...

      August 23, 2016 at 12:09 pm

      Honestly, my sister. It’s bloody frustrating how the Nigerian Government is the NUMBER ONE enemy to its own development.

      Just last weekend, I was speaking to my parents on a very related issue – they’re building somewhere in Port Harcourt &got informed on Sunday that some people from a nearby local government area came to shut down activities on the site because – get this – they hadn’t been paid some sort of previously-undisclosed levy. The thugs calling themselves LGA officials, carted all the building material off to their headquarters and told my folks that they’ll need to bring N2million in settlement.

      WHAT SETTLMENT??? WHAT LEVY????? WHO SITS DOWN EVERYDAY AND DECIDES ON A NEW METHOD TO BLOODY STEAL FROM THE CITIZENS THEY’RE MEANT TO BE SERVING????????? The Nigerian Government, at all arms and all levels, that’s who.

      I was so mad! Of course, the N2million was dropped yesterday to “Oga, give us something” but we still need to pay a part of these trumped up charges. Unbudgeted spending in this Buhari economy … do you know the last time my mum (who, ironically, lectures in the state-owned University) was paid her own blinking salary? They’ve been owed for months!!! And yet, you have regulatory officers running around town like rats trying to squeeze money out of everyday citizens who have to COPE with the stress of PROVIDING their own power, their own water, their own security, their own medical care, EVERY DAMN THING!!!!

      Apologies for the caps, I’m still steaming at the injustice of it all. So… when you consider how everyday citizens who try to work with the government are shafted on a regular basis, I can only imagine what the situation will be with these so-called “Big Fish” corporation…. some parastatal ogas will just have dollar/pound/rand signs in their eyes while discussing applications, permits, regulations, etc. with the corporation reps. Biko, Sun should pack their kaya and go.

      When we finally grow tired of our corrupt and greedy government, maybe we’ll knuckle down to truly do something about our failure to attract and retain investors.

    • Naijatalk

      August 23, 2016 at 12:35 pm

      Ndo Nnem; we all go from extreme anger to resignation. I’ll tell you this story.
      a similar thing happened to a doctor I know. He is building a diagnostic center/campus in one of the Southwestern states. He is also an avid gun collector/hunter here in the US and in Nigeria (Proud NRA member et al). Anyway he trained his trusted site workers and equipped them with guns from here because of robbery and other security issues. When a shifty “government” representative stopped by the site 3-4 months ago, his trusted site overseer called him. Apparently he was from PHCN to collect some ridiculous bill that doc was owing. A site that is primarily run on Gen power. The doc gave instructions for the shady character to be taken to an office and seated comfortably. Then his worker and a couple others took guns and went into the office, doc was on the phone running the show, and this time they asked him, where did you say you are from again? They had handcuffs with them and the man started begging and ‘pissed himself.’ By the time doc threatened to call his boss and his boys on ground harassed the dude; the man ran for dear life away from that site and promised never to return again or send other representatives.
      I’m all for treating Nigerians with dignity and respect but when you see that the citizens themselves only respect violence and Poor treatment, you begin to wonder who cursed the nation.

    • Chinma Eke

      August 23, 2016 at 12:41 pm

      Sweetie, I feel your pain. But….. those local government officials are also being owed salaries.
      Not justifying their actions, it is wrong on all levels, but what we have is them abusing their power to try to ‘survive’.
      It’s the current situation, everyone who can is trying to transfer their continuously rising cost of survival.

    • sane

      August 23, 2016 at 1:01 pm

      my dear you said it all. The Nigerian government is its own enemy. The leaders only put on their thinking caps when it is time to expliot poor citizens.

      My uber driver told me VIO has been disturbing uber drivers lately and it has been of great concern to uber and i wont be surprised if uber pulls out of Nigeria too.

    • Dtruth

      August 23, 2016 at 3:06 pm

      Mz Socially Awkward…Oh shut the front door….Cry us a river…..obviously you fail to tell us how your parents in the past have benefited from the corrupt system…How lecturers can afford buildings in PH and also aid corruption by paying 2million naira bribe….Obviously your parents have no one in the present adminstration to make a phone call to so they can get their stuff back….Now u lot r crying cos u have no more connection but still have enough loot to keep you where u called from and to continue on going projects…lemme tell u….ignorance is no excuse..there is something called karma and collective karma for a group of ppl …Nigeria is reaping collective karma and a nation always get a leadership it deserves……Just shut up already you spoilt brat mchewww…Kettle calling pot black

    • Anon

      August 23, 2016 at 3:32 pm

      Dtruth – wow. You are casting aspersions.

      Mz Socially Awkward – IMO, TMI. I will never give away this kind of information on a public forum. Someone somewhere, will always have beef with it. Some things are best kept away.

    • Mz Socially Awkward...

      August 23, 2016 at 3:53 pm

      Dear DTruth, your idiocy is more than I can cure in one sitting…. however, if foolishness wasn’t entrenched in your heart, you would sit down and consider that:-

      1. If I refer to the fact that my mother lectures, that isn’t the end of her story. That Igbo woman won’t have come as far as she has in life (& very proudly so, hardworking mamacita that she is) if she only relied on her 9-5 job as seed money for her ambitions. Please don’t allow your stupidity stop you from admitting that very many Nigerians have at least 3 different streams of income. She’s an academic who’s risen to the top of her career over 41 years, so she’s frequently consulting outside her core institution (and very likely at the University that gave you the education you refused to imbibe). Plus… she’s 67, you think say she be your mate in terms of when she begin plan her life and her intentions for her family? Just because you children of today are used to seeing millions appearing from nowhere in our get-rich-quick-or-die-trying society… you can’t appreciate that other generations were all about making longer term investments with their savings, once upon a time.

      2. She’s just one half of an equation. There is also another half of the equation called her husband and I’m sorry to disappoint you but he hates the Nigerian Government even more than I do (he is, after all, the donor of all my hot-headed DNA) & I’m very grateful to God that he held a very honest job in a very good company.

      I’m sorry that our diminished economy has driven you to this point where you’ll hear that ELDERLY PEOPLE at the end of their careers SPANNING OVER MORE DECADES THAN YOU’VE BEEN ALIVE have some income to build property … and you feel this pained. Heck, a colleague at work was telling me that her pensioner parents had just sold their last home & were building their 4th house as the one they’ll retire in (yes, the man commissions a new build for each house that his family has lived in) … and you’ll be amazed to hear that this man is a landscaper/gardener. That’s his 9-5 job and I hope your veins won’t burst at that revelation.

      Nigeria will be great again, don’t worry. Just as it was when mama and papa Mz SA left University… & if for nothing else, just to help you relinquish this retarded belief of yours – i.e. that anyone with a little bit of something in their account, is a corrupt beneficiary of government “loot”.

    • Mz Socially Awkward...

      August 23, 2016 at 4:02 pm

      P.S: Reading is very instrumental to understanding. I clearly stated the £2million charge was dropped as the officials later reverted with a new/lower bill (more evidence that the levy does not, in fact, exist). “Dropped.”, “Ditched”, “Abandoned”, “Waived”, “Withdrawn”. Choose any one of these synonyms, that will give better assistance to your comprehension.

    • BlueEyed

      August 23, 2016 at 4:03 pm

      @ Sane VIO disturbing uber? This is insane….only in Nigeria.
      @MSA PLEASE don’t respond to “Dtruth” such ignorance is better left to the people unfortunate enough to know him

    • Dtruth

      August 24, 2016 at 3:28 am

      Akuko Uwa ….See ur mouth like dropped #2M like na 20 Naira …..and all the mugus liking ur fake defence…come drink breast milk….see ur mouth likr other sources of income ..wetin ur papa and mama dey do…Self denial na bif disease…child of corrupt individuals like u…mchewwww

  3. De Duchess

    August 23, 2016 at 11:41 am

    I hope all of you praying that MTN and DSTV pulls out are not Nigerians
    are you kidding me? Where will all their employees now go?
    Do you have another job for them elsewhere? Haba!!!

    Nigerians, we need to learn to be open minded. If people offer a solution to you, it shouldn’t matter that they are not from your place. If MTN is explotive then Etisalat is worse. I understand when people complain about DSTV but telling them to pull out is no option.
    Think about all the thousands of people graduating this year, they are going to move around without jobs.
    Lets address all this anger to our government.

    • De Duchess

      August 23, 2016 at 11:43 am

      Exploitative that is.

  4. Bongz_RSA

    August 23, 2016 at 11:56 am

    I wouldn’t say I’m suprised though. Now Shoprite,MTN and DSTV to follow. All these must look for other parts of Africa/World where there is proper climate for investing and growing your business, where there is proper legislative policy, security and proper infastructure. With all due respect, Nigeria is not a place to invest in at the moment. One day you might wake to militants occupying your company property, or their government might just decide to defraud of billions of your hard-earned money just to fund their empty public coffers!

  5. Bongz_RSA

    August 23, 2016 at 12:03 pm

    So, in short not a bad decision by Sun International, Wolworths and co. Peharps Multichoice and especially MTN see the light and look for better places to invest in where there’s proper governance and things WORK.

  6. NIRA

    August 23, 2016 at 1:03 pm

    To start and sustain a business her in Nigeria is soo difficult for Nigerian, not to talk of expatriates. When my friend brought some Indian to open a hospital, see demands from every Tom, Dick and Harry (illegal demands of course). These people are willing to sabotage a good thing cos they didn’t get their personal cut from the business. An American Company signed an MOU with the Anambra state govt, to establish a $2.5b power production plant in Anamabra state, a fellow Anambra man sabotaged the deal cos the company wouldn’t make him a partner. This is a project that could’ve created thousands of job for the people of Anambra and Nigeria. I don’t blame the people that leave; and as they go, people are rendered jobless, families loose their means of income. So sad! The extortion going on in this country is mind-boggling. The average person you meet is looking for a way to extort some money outta you. From govt. offices, to private sector. Horrible!! don’t know how we’ve offended God that He gave us the kind of leaders and the Citizens we have here. So sad!!

    • Dtruth

      August 23, 2016 at 3:16 pm

      @ Nigerians and their holier than thou art…always victims when it comes to their self interest..Nira real name Nneka ..Pls how did your friends make their money biko?? How did you know about the details of an MOU between a US company and a state government???Where u there when it was signed ? Oh I know how….. Even ppl who collect gifts and finances from married men are also pointing fingers at their govt….lol…..A nation is a reflection of its leadership….Most of u guys blaming the govt are yet to look yourselves in the mirror…..You want a better Nigeria? Then start with ur gaddam selves and families…Hissss

    • nwa nna

      August 23, 2016 at 3:30 pm

      @NIRA,
      Extortion is a thriving industry in Nigeria!! Like you stated Nigerians would rather sabotage a project that brings long term benefits to them because of their shortsightedness which is very disheartening..

    • Just my 1 Cents

      August 23, 2016 at 6:37 pm

      “The average person you meet is looking for a way to extort some money outta you”

      My dear, this is the MAJOR reason holding our progress as a nation. I am so shocked as I see this every day. Even relatives want to extort money from you. It is disgusting. And these fools call themselves “Christians”.

      An you hear people blame poverty. No it’s not poverty bc the people with a lot of money act this way. It’s poverty/slavery mentality and greed! They take this same stupid mentality abroad and are spoiling our names there as well.

      MOST Nigerians are only thinking of themselves and how to enrich their pockets. Nigerians will do anything for money and what annoys me the most is that they don’t even sow seeds. They just show off and spend it all needlessly. So sad.

  7. Bongz_RSA

    August 23, 2016 at 2:03 pm

    Now I just remembered an ascociate of mine telling how an internation corporation used to give him a couple of thousands of dollars whenever he went to do business assignments in Nigeria, he told that money was just for him move around in Nigeria. I was shocked when he said in Nigeria you bribe your way to the front que at the airpot, Even official extort money from ordinary people for the most basic things like travel papers, airpot ques etc how much more will big corporations suffer? A country that has got no proper, transpare legislative and government policies in place is not worth investing in no matter how tempting the prospects of reaping rewards are (population-wise).

    • molarah

      August 23, 2016 at 4:05 pm

      Why on earth do you need to bribe to get to the front of the queue at an airport???? The people at the back of the queue, won’t they still get the same service you wish to get? This exactly is the kind of behaviour that enables corruption in Nigeria. If everyone decides to form “agidi”, put their hands in their pockets and decide to not pay any illegal fee to get ahead, won’t we start to see the change we want? We know how to pass blame and complain, how about taking a stand to do the right thing, and if anyone tries to harass you, sue them and get legal redress?

      I’ll never forget the day I saw a man in a luxurious jeep at a junction somewhere in Victoria Island. This happened only last year. The LASTMA official on duty had directed all traffic to stop so an alternate lane can move. This man in his jeep speeds to the front of the lane, and when the LASTMA guy moved to him to caution him, he promptly shifts something very quickly into the LASTMA guy’s hand, and of course is allowed to proceed. Meanwhile, this same man will go to the bar later in the evening and whine with his friends that working and doing business in Nigeria is hard, and you have to pay your way through everything. Yimu to the power of ten!

      Please, BellaNaijarians abeg, don’t come and complain about Nigeria if you are not ready to take a personal stand against the corruption in your day-to-day lives.

  8. Bongz_RSA

    August 23, 2016 at 2:04 pm

    …you bribe your way to the front of the que at the airpots

  9. Marian

    August 23, 2016 at 3:13 pm

    The airport is just something else. The height of corruption going on is just sad. I don’t carry cash anymore so i show them my empty purse and apologize.

    Was discussing this topic with my hubby recently. A well respected U.S congressman is in prison now for fraud, giving and collecting bribe… he dealt with a lot of Nigerian companies and officials and i strongly believe they contributed greatly to this. Doing business should be very straightforward and transparent but not in naija. You first have to figure out the right people to bribe to get the process started.

    • Just my 1 Cents

      August 23, 2016 at 6:44 pm

      The security agents who screen hand luggage once asked me for a bribe before. I offered him 50 Naira (to insult him without saying anything) and he rejected and said it was too small. Well I can’t help you. You want to collect all my money??

      What really disturbed me here was that imagine someone had an evil intention. That person would bribe the security agent a large amount of money to get a bag across.

      The heart of man is wicked.

  10. Jamce

    August 24, 2016 at 1:54 am

    @molarah, kudos, you have said it all. The blame is with us as individual Nigerians and collectively. We refuse to take a stand against/actively promote bribery and corruption, yet we complain. We campaign and fight to die for politicians who we know go to office to loot simply because of the 2-5k we are given. We give bribe without resistance.
    I was going to London in 2010 and a female immigration officer checked my papers then asked what am going to do. Knowing her intention, I quietly reminded her it is not her business or part of her job. She threatened to stop me from travelling. I dared her to try it if she had 10 heads. I told her that I don’t give bribes or tips and I will start the fight by obstructing the way so that she can explain to everyone her demands. She looked at me handed my papers with a hiss. I hissed back at her.
    If we all learn the discipline of being law abiding citizens, we can all stand to resist bribery and corruption, expose and call our corrupt officials to order. We can start from our little constituencies, we must also educate our immediate families and communities on the dangers of allowing or enabling corruption to thrive in any form. The current socio-economic problems are practical examples to drive home the message to our fellow Nigerians. Shalom.

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