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2004  // Posts published in 2004

20 Sep 2004 Historic Investments

HCI WILL BUY UP METTLE MINORITIES

Hoskens Consolidated Investments has agreed to buy the stock it doesn’t already own in financial services company Mettle for 37c a share from investors including Old Mutual Asset Managers. Old Mutual had agreed to sell its 21,6% stake, HCI said. Gavin O’Connor, a founder of Mettle and its managing director, would sell his 28,9% holding, […]

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PRIMEDIA IN A FIGHT

Primedia is in a second dispute with the South African Revenue Service over trademarks. Last year’s dispute related to the valuation of the Ster-Kinekor and Cinemark trademarks, which Primedia had valued at R587,5m, to be written off over 10 years. It agreed to adjust this to R326,4m, to be written off over 15 years. This […]

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30 Aug 2004 Historic Investments

HCI MAKES BID TO ACQUIRE REST OF METTLE

Hosken Consolidated Investments (HCI) would make a 37c a share offer to buy out the minorities of specialist finance house Mettle, it announced on Friday. The offer excluded the 65 percent of Mettle held by HCI’s Merilyn Investments and would strengthen Mettle’s black empowerment credentials, HCI said.   Old Mutual had given a written undertaking to […]

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11 Aug 2004 Transport

BUS RIDE TO EMPOWERMENT

GOLDEN ARROW BEGINS NEW CHAPTER IN ITS LONG HISTORY Behind an inconspicuous paragraph in THISDAY’s July 21 business section – HCI acquires Golden Arrow – lies a fascinating story of a South African enterprise that spans 143 years. Government policy today favours small, privately owned undertakings, but one cannot prevent a business from growing, nor […]

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HEY, YOU! YES, I’M TALKING TO YOU

South Africa’s success in its bid to host the 2010 soccer World Cup has galvanised digital media company TBM in its efforts to develop an electronic communication network for tourists. Recognising that tourists do not consume typical media, the company plans to establish a network of plasma screens at tourist hot-spots, such as uShaka Marine […]

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6 Aug 2004 Tsogo Sun Holdings

AN INDUSTRY IN TRANSFORMATION

AN OPERATOR’S PERSPECTIVE “I was working in this industry everyday before it was even born”, says Tsogo Sun Gaming MD and Casino Association of SA (casa) chairman Jabulane Mabuza, who has an intimate knowledge of the casino industry, particularly with regard to black economic empowerment (BEE), legislation and ownership. The reason that Mabuza can make […]

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4 Aug 2004 Transport

PAYING FOR A TICKET TO RIDE

GOLDEN ARROW ADDS CASH TO EMPOWERMENT BOW Did empowerment investment company Hoskens Consolidated Investments (HCI) pay too much to bring Cape Town-based Golden Arrow Bus Company into its sights? Last month HCI – in conjunction with its financial services subsidiary Mettle – officially clinched the deal to buy Golden Arrow for a reduced price of […]

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OVERCOMING BARRIERS WITH TECHNOLOGY

TBM Communications is helping both corporate clients and government become more successful by delivering specific education and training content to their own private TV networks that are fed by satellite. Initially we offered clients a focused digital advertising solution, but now they can also utilize this powerful communication medium to communicate with customers or train […]

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1 Aug 2004 Tsogo Sun Holdings

INDUSTRY NEWS

According to media reports the Congress of South African Trade Unions (Cosatu) is strongly opposed to a plan in which one of their affiliates will have a stake in rolling out limited payout gambling machines in the Western Cape. The trade union federation says the machines will increase social problems. The licence was awarded to […]

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1 Aug 2004 Niveus Investments

VUKANI GETS E/CAPE ROUTE LICENCE

VUKANI GETS E/CAPE ROUTE LICENCE The Eastern Cape Gambling and Betting Board has awarded a route operate licence to Vukani Gaming Eastern Cape (Pty) Limited. The Board’s decision is subject to certain conditions. The main financial interest in Vukani Gaming Eastern Cape is held by Vukani Gaming (Pty) Ltd, the ultimate shareholder of whom is […]

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