Ousmane Diagana, the West and Central Africa vice-president of the World Bank explains the Bretton Woods institution's positioning and priorities ... on the continent. In this long interview, he pushes back against the familiar critique of rigidity and economic orthodoxy.
In May, Southern Sun published the group’s results for the year ended 31 March 2022, a period characterised by two distinct halves, according to Von Aulock.
“The first half, we were trading at 20% occupancy – we were losing money. We were struggling to keep our heads above water,” says Von Aulock.
“The second half of the year improved,” Von Aulock tells The Africa Report. “We had occupancy of around 40% – normal trade is in the mid-60s.”
“We saw a recovery that put us into a cash positive position. It [recovery] was countrywide – with the exception of Sandton – and, to an extent, the Western Cape,” Von Aulock says.