Benus buys Forever Resorts, owner of iconic Warmbaths

What's the deal? Benus Trade and InvestDealroom has a profile for this one. Try Dealroom → has acquired Forever Resorts South AfricaDealroom has a profile for this one. Try Dealroom →, the owner of the well-known WarmbathsDealroom has a profile for this one. Try Dealroom → resort. The company operates nine resorts and several lodges across South Africa.

Why now? South Africa's Competition Commission approved the transaction without conditions, clearing the way for the deal to close.

What's the endgame? The acquisition marks Benus's move into hospitality. The company is expected to expand investment in luxury spa resorts.

The signal: The deal points to fresh capital entering South Africa's resort sector, with potential effects on local tourism and employment.

Read more: thefeedsa.co.za

Image credit: D Spa Resort