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About this report

This integrated report (IR) of the City Lodge Hotel Group (CLHG or the group) represents a concerted effort to offer the group's stakeholders a clear and comprehensive account of the actions, decisions, strategy, operations, and performance of the group for the period 1 July 2020 to 30 June 2021. It also provides insights into the plans and strategic direction of CLHG for the coming financial year and the foreseeable future.

In line with our commitment to full transparency and honest communication with all our stakeholders, this report is guided and informed by the following global best practice standards and guidelines:

  • International Integrated Reporting Council's (IIRC) International <IR> Framework
  • Companies Act, 71 of 2008, as amended (Companies Act)
  • Johannesburg Stock Exchange (JSE) Listings Requirements
  • The King IV Report on Corporate Governance, 2016 (King IVTM*)
  • International Financial Reporting Standards (IFRS)
  • SAICA Financial Reporting Guides
  • Financial Reporting Pronouncements
* Copyright and trademarks are owned by the Institute of Directors in South Africa NPC and all of its rights are reserved.

Navigating this report

For easy navigation and cross-referencing, we use the following icons throughout this IR.

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Consolidation
Transformation
Environmental sustainability
Information technology
Brand identity
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Further information is available online at www.clhg.com
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Forward looking statements

Certain information contained in this report may constitute 'forward looking statements'. These may involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements of the group and its subsidiaries to be materially different from the future results, performance or achievements stated or implied. The group has no obligation to publicly update or release any revisions to these forward looking statements to reflect events or circumstances after the date of this document, or to reflect the occurrence of anticipated events. These have also not been reviewed or reported on by the group's auditors.

INTEGRATED REPORTING

This is the 11th consecutive year that the group has published an IR. Despite ongoing efforts to align our report with the highest international IR reporting standards, we acknowledge that the dynamic business environment and constantly evolving IR principles mean that integrated reporting will always be a work in progress, an ongoing journey rather than a destination.

This report further refines our reporting, building on the solid IR foundations we have laid over the past decade. This IR's content has, therefore, been developed in consultation with all our stakeholders, supported by input from reporting specialists.

Following the format of last year's report, this IR delivers a view of the year under review according to the six capitals that our group leverages to deliver value to its stakeholders. We believe this approach not only ensures our compliance with the latest IR standards but also makes for a more user-friendly document.

We are committed to improving this IR and value any feedback and suggestions from its readers. Please email your comments or suggestions to Dhanisha Nathoo at DNathoo@clhg.com.

SCOPE AND BOUNDARY

The group's IR is compiled annually and released at least 15 business days before its annual general meeting (AGM). No restatements from the prior year were necessary.

This 2021 report covers the full operations of the group. The group's 63 hotels, situated across southern and eastern Africa, include five hotel brands: Fairview Hotel, Courtyard Hotel, City Lodge Hotel, Town Lodge and Road Lodge. Although we are divesting from Kenya and Tanzania post year-end, we continue to report on their FY2021 performance in the group results.

The information in this report will be of value to all CLHG stakeholders, although it is primarily aimed at supporting the financial capital allocation assessments of financial capital providers. The group's consolidated and separate annual financial statements form part of the report.

STATEMENT BY THE BOARD OF DIRECTORS

The board acknowledges its responsibility to ensure the integrity of the IR and has applied its mind as such. As a board, we believe that it addresses all material issues honestly, and presents the integrated performance of the organisation and its impacts in line with the principles set out in the International <IR> Framework.

The IR has been prepared in line with best practice and the recommendations of King IVTM.

It was approved by the board on 28 October 2021 and is signed on its behalf by:

Andrew Widegger
Chief executive officer

Bulelani Ngcuka
Non-executive chairman

Safe travels

Covid-19 disclaimer

It should be noted some photographs were taken prior to 2020 and therefore will not comply with Covid-19 health and safety regulatory precautions and social distance measures.