Business Times tracked down Mary Bomela, the CEO of the Mineworkers Investment Company, which owns 25% of Peermont, and put her on the spot SUN International has kept shtum since launching its R9.4bn tilt at gaming group Peermont, the owner of Gauteng’s lucrative Emperors Palace casino. Business Times tracked down Mary Bomela, the CEO of the Mineworkers Investment Company (MIC), which owns 25% of Peermont, and put her on the spot.You’re one of Peermont’s biggest shareholders at 25%, but you used to own 33%. Why has that holding fallen?We did a debt restructuring last year where some debt instruments were converted into equity and we were then diluted.Sun International has put a price of R9.4bn on Peermont, taking into account its senior debt of R3.85bn. Is that a fair price?Definitely.So you are supportive of the Sun International offer?We are. The gaming industry in South Africa is quite competitive and it’s getting to a point where it’s mature ... so where does the new growth come...
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