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1998  // Posts published in 1998

BFS CAPITAL CHANGES ITS NAME AND SETS NEW TARGETS

Financial services company, BFS Capital (Boland Financial Services Capital) has changed its name to Mettle now that Boland Bank no longer owns a majority stake. The Board of Executors, which replaced Boland Bank as shareholder, now owns 30of Mettle. Management holds 40and black empowerment group HCI has 30 BFS Capital was started less than three […]

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METTLE CHANGES NAME

Our Cape bureau will testify to the steely resolve of executives at BFS Capital who have now changed their name to Mettle. They celebrated the name change by issuing journalists with fancy press packs enclosed in a weighty metal box. One staffer, while trying to prise a computer disc – labelled “test your Mettle” – […]

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BFS CAPITAL CHANGES ITS NAME AND SETS NEW TARGETS

Financial services company, BFS Capital (Boland Financial Services Capital) has changed its name to Mettle now that Boland Bank no longer owns a majority stake. The Board of Executors, which replaced Boland Bank as shareholder, now owns 30of Mettle. Management holds 40and black empowerment group HCI has 30 BFS Capital was started less than three […]

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23 Sep 1998 Historic Investments

BFS RATING REFLECTS ‘GOOD TRACK RECORD’

Ratings agency CA Ratings, the SA affiliate of Standard Poor’s has awarded a long-term rating of zaBBB and a short-term rating of zaA2 to finance house BFS Capital. The ratings indicate an adequate capacity to service long-term debt and a strong capacity to service its short-term obligations. CA-Ratings CEO Chari Kocks said the ratings reflected […]

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14 Aug 1998 SENS Announcements

WITHDRAWAL OF JOINT CAUTIONARY ANNOUNCEMENT

Further to the joint cautionary announcements placed by the parties in the press regarding negotiations on the merging of their respective interests in Unibank Group Limited and Capital Alliance Life Limited, BFS Capital Limited and Brait Merchant Bank Limited are authorised to announce that the negotiations have been terminated. Source: SUPERGROUP/HCI/CAPITAL ALLIANCE

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13 Aug 1998 Historic Investments

JOINT VENTURE – IQ BUSINESS GROUP

A joint venture between SUPERGROUP,BOLAND FINANCIAL SERVICES CAPITAL and HOSKENS CONSOLIDATED INVESMENTS – THE IQ BUSINESS GROUP – with initial capital of R22m is to be launched in Johannesburg today.Headed by a team of ARTHUR ANDERSEN alumni with Johan Roets as MD, BFS and black empowerment group,HCI,both took up a 22,2% stake in IQ.SUPERGROUP took […]

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23 Jul 1998 General

IGI KREDITEURE KRY LAASTE KANS OM EISE IN TE DIEN

KAAPSTAD. Die gemeenskaplike kurators van die IGI versekeringsmaatskappy het vandag ‘n finale versoek aan krediteure wat nog geen dividend ontvang het nie gerig om hulle hiervan in te lig voor 24 Augustus vanjaar. Die kurators het vroeër ses dividende van 104c verklaar aan krediteure en polishouers wat eise teen dié maatskappy ingestel het. Die kurators […]

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13 Jul 1998 SENS Announcements

FURTHER CAUTIONARY ANNOUNCEMENT

Further to the cautionary announcement placed by the parties in the press on 22 May 1998, BFS Capital Limited and Capital Alliance Bank Limited are authorised to announce that the negotiations are still in progress and accordingly, shareholders are advised to continue exercising caution in their respective share dealings until such time as a more […]

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3 Jul 1998 General

FURTHER CAUTIONARY ANNOUNCEMENT

Super Group Limited, Hosken Consolidated Investments and Capital Alliance Holdings Limited has issued a further cautionary announcement advising shareholders that negotiations were still taking place, which could affect their share prices. Shareholders are advised to continue to exercise caution in their share dealings until a further announcement is made. Source: Business Day & Business report

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29 Jun 1998 General

YEAR-END RESULTS

In the year to end-March Hosken Consolidated Investments lifted its attributable earnings to R30,1m from R28,9m in the previous year. The net asset value a share rose from 239c to 310c. During the period under review the group bought into Datatec, Softline, Unibank, Midi TV and Everest Systems Solutions. No dividend was declared as cash […]

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