Close

Not a member yet? Register now and get started.

lock and key

Sign in to your account.

Account Login

Forgot your password?

2004  // Posts published in 2004

28 Dec 2004 Media & Broadcasting

TV STATION FINALLY HAS REASON TO BLOW ITS OWN TRUMPET

Over the past six years, South Africa’s first free-to-air television station, e.tv, has evolved into a big success story. But the station started on shaky ground, CEO Marcel Golding tells Jeremy Lawrence. As chairman of Hosken Consolidated Investments (HCI), the largest shareholder in e.tv, Marcel GoldLing was merely the man behind the scenes when the […]

Read more...

20 Dec 2004 Tsogo Sun Holdings

HCI CONTROLS TSOGO SUN AFTER FABCOS DEAL

INVESTMENT group Hoskens Consolidated Investments (HCI) has taken effective control of gaming company Tsogo Sun by buying another chunk of the company from the Foundation for African Business and Consumer Services (Fabcos), in a deal worth R460m. HCI previously held 32% of Tsogo Investment Holdings, which owned 51% of Tsogo Sun. Under this deal HCI […]

Read more...

JOHNCOM HIRES ADVISERS IN BID TO BEEF UP BLACK SHAREHOLDING

The board of Johnnic Communications (Johncom) is appointing advisers to help it to secure appropriate empowerment shareholding. The group expects to make a proposal to shareholders “In due course”, it said yesterday. The empowerment issue arose after Johnnic Holdings, Johncom’s major shareholder, announced last week that it would unbundle its 62,5% stake in Johncom to […]

Read more...

4 Nov 2004 Transport

HCI OFFER TO BUY PUTCO REJECTED

The Hosken Consolidated Investments (HCI) offer to buy beleaguered bus company Putco has come to naught. HCI announced yesterday that the offer had been withdrawn after the Putco board considered the proposal to be “defective”, and not capable of implementation. The controlling shareholder of Putco, Carleo Enterprises, also found the proposal unacceptable. Basil Holford, Putco […]

Read more...

4 Nov 2004 Transport

HCI PRAAT NIE MEER

Hosken Consolidated Investments (HCI) het gese hulle onderhandel nie meer met die busmaatskappy PUTCO om ‘n beherende beland te verkry nie, aangesien Putco se direksie meen die aanbod is noe geskik nie. Putco wil nie he ‘n enkele swar bemagtigings groep moet meer as 50% van die groep se aandele besit nie. Source: Sake Burger

Read more...

METTLE FACTORS IN SMALLER DEBT FINANCING

Empowerment company Mettle, now wholly owned by Hosken Consolidated Investments, has launched a factoring business,  called Mettle Factors, aimed at helping to fund smaller companies with turnovers starting at R150 000 a month. Factoring, also known as debtor finance, is a continuous funding arrangement between a factoring house and a seller of goods on credit […]

Read more...

31 Oct 2004 Media & Broadcasting

GATHERING FOR THE FEAST

The number of parties rumoured to be interested in the restructured Johnnic Holdings and Johnnic Communications grows by the hour It has been indicated that Cyril Ramaphosa Phuthuma Nhleko and Mashudu Ramano all of whom are already involved in the group would comprise the consortium behind the restructure but it is understood that companies like […]

Read more...

29 Oct 2004 Media & Broadcasting

HCI MAY BID FOR JOHNNIC

STAR performing e-tv majority shareholder Hosken Consolidated Investments (HCI) is rumoured to be among the interested bidders for the National Empowerment Consortium’s 27.8% stake in Johnnic Holdings. HCI CEO Johnny Copelyn said he could not confirm or deny the possibility. The company’s shares have run rapidly since their relisting in September following a long period […]

Read more...

22 Oct 2004 Transport

PUTCO’S “NO” TO HCI RAISES SHARE PRICE

Commuter bus company PUTCO’s share price climbed 0,7% to R6,75 yesterday as the company said Hosken Consolidated Investments’ bid to take over the company was ‘defective’. Putco said it would not be considering the HCI offer to Putoc shareholders of R6,74 a share. Source: Business Day – Larry Claasen

Read more...

22 Oct 2004 Transport

PUTCO SAYS HOSKEN BID IS DEFECTIVE

Johannesburg: The board of directors of listed passenger transport company Putco said yesterday that the offer for the company made by Hosken Consolidated Investment was defective. The company said that the offer did not comply with the regulations for takeovers and mergers and could not be implemented in the form in which it was proposed. […]

Read more...