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2004  // Posts published in 2004

e.tv’S HEAVY METTLE

The March 2004 financial results from Hosken Consolidated investments (HCI) show that e.tv has experienced a remarkable turnaround over the previous period, contributing R21-million profit to the investment company.   HCI owns 66% of the station and has invested R1-billion since inception. Although HCI are selling their 47% stake in 94.7 Highveld Stereo to Primedia for […]

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23 Jul 2004 Transport

HCI ACQUIRES GOLDEN ARROW

Bus company to be placed under prominent BEE shareholder. Listed investment-holding group, Hosken Consolidated Investments (HCI), best known as the principal shareholder in free-to-air television station e.tv, announced Tuesday that its acquisition of Golden Arrow Bus Services (GABS), for R270-m, has been finalised following the fulfilment of all relevant conditions precedent. This means GABS would […]

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23 Jul 2004 Niveus Investments

COMMUNITY ALREADY WINNING WITH VUKANI GAMING WESTERN CAPE

Vukani Gaming Western Cape (Pty) Ltd recently handed over the first instalment of a R1 million rand contribution to the Edu-peg community social development project, kicking off the first of an extended community development programme. The investment is part of a five-year commitment to Edu-peg, providing much needed resources to schools in five Western Cape […]

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22 Jul 2004 Transport

BUSDIENS KRY NUWE BAAS

KAAPSTAD – Die Golden Arrow busidens het ‘n nuwe eienaar. Bemagtigingsgroep besit nou Golden Arrow Die genoteerde swartbemagtigingsgroep Hosken Consolidated Investments (HCI) het gister bekend gemaak die transaksie, wat in Maart ‘n vaste aanbod van sowat R270 miljoen behels het, is afgehandel. Luidens ‘n verklaring wat gister uitgereik is, is mnr. Elias Mphande van HCI […]

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22 Jul 2004 Transport

HCI’S OFFER FOR GOLDEN ARROW IS ACCEPTED

Cape Town – Cape-based Golden Arrow Bus Services has accepted the R257 million buy-out offer by Hosken Consolidated Investments (HCI) after attempts by workers to form a co-operative to launch a counterbid produced nothing substantial. HCI Chairman Marcel Golding said this would place the company “under the control of a prominent black empowerment shareholder”. The […]

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21 Jul 2004 Transport

HCI ON TRACK TO BUY BUS FIRM

Hosken Consolidated Investments (HCI), which owns a 66 percent stake in free-to-air channel e.tv, yesterday said it had met all conditions required to acquire Cape Town’s Golden Arrow Bus Services for R250 million. Source: Business Report – Gugulakhe Masango

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21 Jul 2004 Transport

HCI BUYS GOLDEN ARROW FOR R250M

Hosken Consolidated Investments (HCI) yesterday announced its acquisition of Golden Arrow Bus Services (GABS) for R250m had been finalised following the fulfilment of all relevant conditions precedent. HCI is best known as the main shareholder of free-to-air television station e.tv. This means that GABS will be placed under the control of a prominent black empowerment […]

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21 Jul 2004 Technology

HCI SHARES STAKE IN HOLDING COMPANY IPS

Hosken Consolidated Investments (HCI) said yesterday that together with the Bevin Trust, John Anthony Snoek and the Cradean Trust, it had sole the entire issued share capital of investment holding company IPS for R55,2m.   HCI said its share of the sale would be used to fund future investments. Source: Business Report

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20 Jul 2004 Transport

HCI PURCHASE OF GOLDEN ARROW FINALISED

Hosken Consolidated Investments Limited (“HCI”) announced today that its acquisition of Golden Arrow Bus Services (Pty) Limited (“GABS”) has been finalised following the fulfillment of all relevant conditions precedent. This results in GABS being placed under the control of a prominent black empowerment shareholder marking a new chapter in its long history. Existing executive directors […]

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20 Jul 2004 Transport

HCI PURCHASE OF GOLDEN ARROW FINALISED

Hosken Consolidated Investments Limited (“HCI”) announced today that its acquisition of Golden Arrow Bus Services (Pty) Limited (“GABS”) has been finalised following the fulfillment of all relevant conditions precedent. This results in GABS being placed under the control of a prominent black empowerment shareholder marking a new chapter in its long history. Existing executive directors […]

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