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2003  // Posts published in 2003

HCI ENTERS NAIL BIDDING FRAY

Delisting hopeful, HOSKEN CONSOLIDATED INVESTMENTS, have suprisingly entered the race for the media assets of NEW AFRICA INVESTMENTS LTD, thus confirming an earlier announcement that Nail had indeed received other bidding offers from the market. Whilst Nail have not yet revealed the amount of the offer from HCI, it is known that the Safika/INVESTEC consortium […]

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25 Jul 2003 Media & Broadcasting

CONSORTIUM TABLES R1BN FOR NAIL

Johannesburg – New Africa Investments Limited (Nail) yesterday said a consortium consisting of Safika Holdings, Mineworkers Investment Company (MIC), Tiso Capital Group and Investec Bank had made a bid for the company of R9 a Nail share, or about R1 billion. The deal could pave the way for the creation of a black-owned media empire […]

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COMMUNICATION FOR THE COMMUNITY

The government and the wider African community can now benefit from technology advances being made in the communication field. Factors such as geographical location, cultural diversity and different languages needs not be prohibitive when it comes to education and training. Black-controlled digital media company TBM Communications is enjoying considerable success with its cost-effective visual communication […]

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TBM BUILDS ITS LEGACY ON MICE AND MEN

The media business is a tough nut to crack, especially if you come up with a new idea that challenges the status quo. Besides a real understanding of business fundamentals, it requires guts, vision, energy and determination. It took more than three years of determination to build up media technology company TBM, and still CEO […]

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SOFTLINE-BASE KLOU AAN UITKOOP-PLAN

Softline-base klou aan uitkoop-plan KPMG sê hulle kan langtermyn-aandeelhouers skaad Die direkteure van die rekeningkundige- en betaalstaat-programmatuurspesialis Softline hou voet by stuk oor hul planne om te denoteer teen ‘n aandele-aanbod van 130c. Dit kom te midde van waarskuwings deur hul finansiële raadgewer KPMG dat die aanbod dalk “redelik” kan wees omdat dit ‘n wesenlike […]

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30 May 2003 Historic Investments

SOFTLINE OFFER NOT FAIR – KPMG

Auditing firm KPMG have announced that the delisting offer to SOFTLINE minorities might not be fair to long-term investors, in that the consideration price of 130c does not reflect the fundamental value of Softline based on their independent valuation of the firm. OLD MUTUAL have been against the price for some time now, and the […]

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20 May 2003 Historic Investments

METTLE’S DELISTING BID DRAWS PASSIVE RESPONSE

Cape Town – Niche financial services company Mettle was on track with its delisting plan – the second in about a year – which managing director Gavin O’Connor said had been passively received by the market. Mettle’s shares on the JSE Securities Exchange would be suspended on June 9 and the company would not be […]

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15 Apr 2003 Historic Investments

NOAH SET UP AS FINANCIAL SERVICES FIRM

Cape Town – Empowerment financial services firm Noah was launched yesterday by former Prodigy Asset Management executive director Raymond Ndlovu. This follows Old Mutual’s launch last week of a R300 million private equity fund to be managed by Jay Naidoo and Jayendra Naidoo’s empowerment investment company, J&J Group. Earlier this month Standard Bank unveiled its […]

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15 Apr 2003 Historic Investments

NOAH TAKES SAIL

Raymond Ndlovu, a former director of Prodigy Asset Management, launched empowerment financial service firm, Noah, this week in partnership with Mettle. The firm came to fruition through a joint initiative of Mettle Securities and a group of entrepreneurs led by Ndlovu.  Speaking on Classic Business on Monday, Ndlovu said: “There have been global developments that […]

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3 Apr 2003 SENS Announcements

PROPOSED DELISTING AND OFFER FROM MANAGEMENT CONSORTIUM AND WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT

1. BACKGROUND 1.1 HCI shareholders are referred to the cautionary announcement published in the press on 25 February 2003 (“the cautionary announcement”) in which it was indicated that the board of directors of the Company (“the Board”) was considering the proposed delisting of the Company together with an offer for all the shares in the […]

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