Tsogo Sun Alternative Gaming Investments Proprietary Limited signed an agreement to acquire Niveus Invest 9 Proprietary Limited and Cherry Moss Trade and Invest 188 Proprietary Limited from Niveus Investments Limited for ZAR 49 million on August 7, 2020. The deal value is payable in cash. Tsogo Sun Alternative Gaming Investments Proprietary Limited will entire share capital of, and all of Niveus Investments Limited's claims against Niveus Invest 9 Proprietary Limited and Cherry Moss Trade and Invest 188 Proprietary Limited for ZAR 49 million. The purchase consideration will be funded by existing facilities of Tsogo Sun Gaming Limited (JSE : TSG), parent of Tsogo Sun Alternative Gaming Investments Proprietary Limited. The terms of the acquisition has been approved by the non-conflicted Directors of Tsogo Sun Gaming Limited. Tsogo Sun Gaming Limited appointed Sizwe Ntsaluba Gobodo to provide its Directors with an independent expert’s opinion regarding the fairness of the acquisition as required in terms of the JSE Listings Requirements. Sizwe Ntsaluba Gobodo is of the opinion that the acquisition is fair.