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2005  // Posts published in 2005

MOOI MEDEDEELSAAM

Gewese vakbondmanne skud die sak vir liefdadigheid. Johnny Copelyn en Marcel Golding, oud vakbondmanne en die groot geeste van die bemagtigingsgroep Ho s ken Consolidated Investments (HCI), is vandeesweek boaan die lys van direkteursverhandelinge met skenkings van R142,5 miljoen aan twee liefdadigheidstigtings. Met die groot bedrag sou mens dink dat Copelyn en Golding hul vrygewigheid […]

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LARGESSE AT LARGE

Directors squeeze wallets for charitable foundations Johnny Copelyn and Marcel Golding – the former trade unionists and the leading lights of empowerment group Hosken Consolidated Investments (HCI) – top our directors’ dealings chart this week with donations to two charitable foundations valued at Rl 42,5m. Given the sum of money involved, one would think that […]

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R142-m GIFT FROM DIRECTORS

Hosken Consolidated Investment (HCI) CEO Johnny Copelyn and chairman Marcel Golding donated a total of R142,5-m worth of securities to two foundations aimed at promoting development and education. Calculated using the closing price of an HCI share on July 6, 2005 – R28,50 – the donations were made in four separate tranches; two by Copelyn, […]

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HCI SNAPS UP 77.5% OF YFM SHARES

Revenue expected to grow 20% a year at Gauteng’s top regional radio station. Listed investment group Hosken Consolidated Investments (HCI), which owns free-to-air television channel e.tv, bought 77,5% of Gauteng-based youth radio station YFM in its year to March. HCI swooped on the stake in a single transaction. CEO John Copelyn will not say from […]

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CLOVER SCOOPS UP NEW BEE PARTNER

IXOPO dairy farmer and Clover SA chairperson John Bredin said producers he has spoken to welcomed the R91,8 million deal which will see Hosken Consolidated Investments (HCI) – an empowerment investment group – acquiring 25,1% of Clover Industries. Bredin said the deal would be a positive move towards empowerment for Clover Industries, which owns dairy […]

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6 Jul 2005 Transport

HCI – JUST THE TICKET

One of empowerment group HCI’s least sexy investments was last year’s buyout of Cape Town-based Golden Arrow Bus Service (Gabs). In the nine months since the results of Gabs were consolidated with HCI’s the bus company churned out a R52m contribution to group headline earnings. By our reckoning that’s better than Putco – with which […]

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FACTORING FACILITATES BLACK EMPOWERMENT

THE various BEE charters, and the Codes of Good Practice published by the Department of Trade and Industry, require companies to purchase a certain percentage of goods and services from black empowered suppliers. This has provided an enormous opportunity for BEE companies. Unfortunately, it has also created problems.  BEE suppliers are typically small to medium […]

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28 Apr 2005 Media & Broadcasting

YFM SIGNS OUT NIGERIAN STATION

Johannesburg – Gauteng-based youth radio station Yfm 99.2 is in talks to buy a radio station in Nigeria and is also looking for opportunities in Kenya, Tanzania and Uganda. Dirk Hartford, a director of special projects at Yfm, described Nigeria as “a huge market that offers various possibilities for us”. Hartford said Yfm was in […]

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18 Mar 2005 Media & Broadcasting

THE POWER OF TELEVISION

Technology and media investor Venfin’s share price has bounced back to levels last seen when it was listed in 2000, just after the Rembrandt group was split into two companies, Venfin and Remgro. Venfin’s headline earnings came in at R406m during the period, thanks to R335m from its 15% interest in Vodacom and an impressive […]

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2 Feb 2005 Transport

CARLEOS’S WAY OR ANOTHER ROUTE

PUTCO – Is HCI still watching the wheels? HIGH yielding bus company Putco, desperately keen to clinch an empowerment deal has produced another ticket for its minority shareholders to ride off into the sunset. But is it enough to grease the wheels of stubborn shareholders or – perhaps more succinctly – sufficient to keep other […]

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