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Vol 7 (AAC) No 1

Published 1st November 2013


South Africa

Solomon Kerzner

Chairman, Kerzner International, South Africa

South Africa’s hotel and casino billionaire Sol Kerzner is going into business with China’s Fosun International. The deal is for a huge new resort on China’s Hainan Island, which is expected to cost US$1.5 billion. In October Kerzner International announced the launch of the 62-hectare Atlantis Resort project, which will be based in the city of Sanya. Investors have long trumpeted Hainan as a major new destination for international tourism.

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