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2006  // Posts published in 2006

15 Dec 2006 Mining

SMALL BUT COSY GLOW

Diversified media, entertainment and investment group HCI is moving into the coal business, attracted by the profits to be made from supplying burgeoning demand from Eskom’s power stations. The group has teamed up with empowerment mining group Khusela Women’s Investment, formed two years ago by former Harmony Gold executives Fleur Honeywill, Khosi Sibisi, Amanda Matthee […]

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7 Dec 2006 Mining

HCI’S FLEUR READY TO BLOOM

COAL PROSPECTS CONTAIN AN ESTIMATED 40m T Fleur Honeywill is surely expressing the private feelings of many a hardheaded miner when she says she nearly wept when first drill results showed she had a mine. “As soon as they brought the coal to surface I could see it was export quality,” she says. Export quality […]

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16 Nov 2006 Technology

GOLDING RETURNS

WHEN HCI CHAIRMAN Marcel Golding sold that group’s 5% stake in Vodacom to fund free-to-air television station e.tv, most fund managers sold their shares back to HCI as part of a massive buyback at 237,6c/ share. Most held HCI for its exposure to Vodacom and doubted that e.tv – indeed, the enlarged HCI group – […]

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16 Nov 2006 Historic Investments

MILKING THE SUPPLIER FOR MARGIN

Corporate action pending with diversification from dairy likely DAIRY PRODUCTS GROUP Clover Industries – which delivered on its promise of a strong turnaround in the year to end-June – seems set to pursue acquisitions in the months ahead that will lessen its dependence on milk-based products. Unlisted Clover, which boasts empowerment investor Hosken Consolidated Investments […]

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23 Oct 2006 Mining

HCI MAY BECOME COAL MINER

It’s perhaps an indication of the near gravitational pull of resources that even media and industrial group HCI is considering dipping its toe in the sector. That’s according to a one-line comment in HCI’s annual report, in which it says that it’s assembling a team to investigate resources-based opportunities. Talking to Miningmx, management reminded shareholders […]

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13 Sep 2006 Media & Broadcasting

PAY- TV AND RADIO- BROADCASTING LICENCE HAS NOT COME CHEAP

THE Independent Communications Authority of South Africa (Icasa) says that applicants for both pay-TV and radio-broadcasting licences had to cough up R100 000 for their applications to be considered. The sound licence refers to the availability to tune into radio stations via satellite. This is essentially what DStv’s audio bouquet offers at the moment. If […]

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JOB CREATION VS CHARITY DRIVE

In 2004, politician-turned-businessman Cyril Ramaphosa went out of his way to dispel the claim that he was one of four people in the country owning a Maybach 62 – the luxury car priced at more than R3m. Ramaphosa was not only trying to set the record straight; it was a move to ensure that SA’s […]

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UNION PROVIDES AIDS DRUGS

Natal has prompted the Southern African Clothing and Textile Workers’ Union (Sactwu) to provide antiretroviral treatment for its HIV-positive members. It is the first factory-based antiretroviral programme in the clothing industry and is part of the union’s industry programme to address the HIV/Aids problem. The programme, which has R300 million in funding, is a partnership […]

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DAIRY FARMER’S BATTLE WITH CLOVER IS A SIGN OF THE TIMES

The post-1994 South Aftrica does throw up some strange situations. Take, for instance, the latest battle undertaken by Clover Industries’ action committee, which appears to be in some way related to Solidarity, the very active trade union group. Solidarity, whose driving force is the extremely energetic Dirk Hermann, recently sent out a media statement on […]

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24 Mar 2006 Historic Investments

CLOVER’S NEW BROOM

Johann Vorster has recently taken over as CEO of the Clover Group, SA’s largest dairy producer with a turnover in excess of R4.5 billion and about 6300 employees. he spoke to Chris Louw about the challenges that lie ahead. CLOVER has come a long way since it was transformed from the National Cooperative Dairies Limited […]

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