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2003  // Posts published in 2003

16 Dec 2003 Media & Broadcasting

E-TV SE INKOMSTE 27% HOER

e-TV benodig geen kontant-inspuitings meer nie en behoort voortaan winsgewend te wees. Hosken Consolidated Investments (HCI), wat onder meer twee-derdes van e-TV besit, het in die ses maande tot einde September sy wesensverlies tot R1,7 miljoen beperk, vergeleke met ‘n verlies van R53 miljoen in die vorige jaar. Die groep het geen dividend verklaar nie […]

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12 Nov 2003 Industrial

EMPOWERMENT COMPANY APPOINTS NEW CEO

Port Elizabeth – Empowerment steel pressing company Formex announced today that it has appointed Johan Swart as its new CEO with effect from 1 November 2003. The company also announced that it has appointed Freddie Magugu as a non-executive director. Formex is a wholly owned subsidiary of empowerment financial services company Mettle, which added Formex […]

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12 Nov 2003 General

EMPOWERMENT COMPANY APPOINTS NEW CEO

Port Elizabeth – Empowerment steel pressing company Formex announced today that it has appointed Johan Swart as its new CEO with effect from 1 November 2003. The company also announced that it has appointed Freddie Magugu as a non-executive director. Formex is a wholly owned subsidiary of empowerment financial services company Mettle, which added Formex […]

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29 Sep 2003 Tsogo Sun Holdings

2 100 SLOT MACHINES SET TO HIT WESTERN CAPE

Gamblers in the Western Cape have been given a break as 2 100 legal slot machines are scheduled to move into areas previously plagued by illegal gambling. Linda de Vries, chairwoman of the Western Cape Gambling and Racing Board, said the number of illegal gaming machines confiscated in areas such as Khayelitsha, Muizenberg and Mitchell’s […]

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29 Sep 2003 Tsogo Sun Holdings

HCI ACQUIRES 100% OF NACTU

Investment holding group, HOSKEN CONSOLIDATED INVESTMENTS, announced on Friday, that it had acquired 100% of Nactu Investment Holdings for R36.2m in three instalments. NIH has a 10% shareholding in Tsogo Investment Holding Company. Source: news24

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23 Sep 2003 Tsogo Sun Holdings

HCI, GRAND PARADE GIVE CAPE SLOT LICENCES A TRY

CAPE TOWN Hosken Consolidated Investments (HCI) and Grand Parade Investments are on the Western Cape Gambling and Racing Board’s list of applicants for limited gambling machine operator licences. Five applicants appeared on the list published at the weekend. Two or three of these applications will be successful. HCI, the biggest shareholder in broadcaster E.tv, also […]

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12 Sep 2003 Media & Broadcasting

NAIL TO NAME ITS PREFERRED BIDDER IN DAYS

Johannesburg – New Africa Investments Limited (Nail) would decide which buyer to recommend in days as Johnnic Communications (Johncom) said the value of its offer would beat the most recent one from Investec, the media company said yesterday. “A decision is imminent and the final bidder supported by the [Nail] board will be communicated to […]

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11 Sep 2003 Media & Broadcasting

STRANGE TWIST IN BIDDING WAR FOR NAIL

Johannesburg – In a strange twist of events, a consortium led by Johnnic Communications (Johncom) said yesterday it was the preferred bidder for the entire assets of New Africa Investments Limited (Nail). Nail would not confirm this. The consortium, which consists of Johncom, Kagiso Media and Caxton Group, said in a cautionary it had been […]

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10 Sep 2003 Media & Broadcasting

NAIL TURNS DOWN HCI BID, SAYS VENFIN

Johannesburg and Cape Town – Dillie Malherbe, VenFin’s chief executive, said yesterday that he understood that the Hosken Consolidated Investments (HCI) bid for New Africa Investments Limited (Nail) assets had been turned down by Nail’s board. “We have discussed with HCI the possible financing scenarios in its bid to acquire the assets of Nail. From […]

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27 Aug 2003 Media & Broadcasting

NAIL’S STOCK MOVEMENTS INVITE A COUNTEROFFER

Johannesburg – Shares in New Africa Investments Limited (Nail) were trading yesterday at R9.20 a share signalling that a counteroffer to the Safika-led consortium’s bid to buy Nail’s assets at R9 a share could be welcome. Safika’s bid values Nail’s assets at about R1 billion. Hosken Consolidated Investments (HCI) is the only other company that […]

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