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2007  // Posts published in 2007

11 Mar 2007 Tsogo Sun Holdings

STALLED SALE PUTS JOHNNIC MERGER AT RISK

JOHNNIC Holdings is under pressure from the Competition Commission to get rid of one of its prime properties, the conference and exhibition venue Gallagher Estate in Midrand, Gauteng. If it does not dispose of the asset, it places its merger with investment company HCI at risk. Johnnic had agreed to sell Gallagher Estate by December […]

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27 Feb 2007 SENS Announcements

CAUTIONARY ANNOUNCEMENT

HCI shareholders are advised that the group is involved in negotiations which if successfully concluded may have an impact on the price of the Company`s securities. Accordingly, shareholders are advised to exercise caution when dealing in the company`s securities until a further announcement is made.

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26 Feb 2007 SENS Announcements

DIRECTOR DEALING IN SECURITIES

In compliance with Rules 3.63 – 3.74 of the JSE Limited Listings Requirements, the following information is disclosed : Clearance : Clearance in respect of par 3.66 of the JSE Listing Requirements has been obtained 26 February 2007  

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18 Feb 2007 Tsogo Sun Holdings

NAFHOLD BOARD SHOOTS DOWN HCI’S REVISED R900m OFFER

The Nafhold board has rejected the revised offer of R900 million from Hosken Consolidated Investments (HCI) for the 25 percent stake Nafhold holds in Tsogo Investment Holdings (TIH). Nafhold’s chief executive, Michael Leaf, said the decision of the meeting this week was unanimous. He disclosed that Nafhold had received other offers, which were higher than […]

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13 Feb 2007 Tsogo Sun Holdings

NEWS BRIEFING: HCI TO GET LEGAL PROTECTION

Hosken Consolidated Investments (HCI) would take legal steps to protect its interests, director Andre van der Veen said yesterday, responding to articles in Business Report based on a letter from the Mpumalanga Gaming Board. The letter said an HCI application to acquire 50 percent of Fabcos Investment Holding had been refused because the firm had […]

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12 Feb 2007 General

STATEMENT BY HCI IN RESPONSE TO ARTICLES APPEARING IN BUSINESS REPORT ON 11TH AND 12TH FEBRUARY 2007

Statement by HCI in response to Articles Appearing in Business Report on 11th and 12th February 2007 1. HCI released an announcement on SENS on 18 January 2007 advising that the Mpumalanga Gambling Board (MGB) had refused HCI’s application for approval of its acquisition of a 50% stake in Fabcos Investment Holdings (FIH). In that […]

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12 Feb 2007 General

STATEMENT BY HCI IN RESPONSE TO ARTICLES APPEARING IN BUSINESS REPORT ON 11TH AND 12TH FEBRUARY 2007

Statement by HCI in response to Articles Appearing in Business Report on 11th and 12th February 2007 1. HCI released an announcement on SENS on 18 January 2007 advising that the Mpumalanga Gambling Board (MGB) had refused HCI’s application for approval of its acquisition of a 50% stake in Fabcos Investment Holdings (FIH). In that […]

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6 Feb 2007 Tsogo Sun Holdings

HCI EXERCISES CALL OPTION TO LIFT ITS CATWALK HOLDING TO 100%

HOSKEN Consolidated Investments (HCI) has exercised a call option for the acquisition of a further 15% interest in Catwalk Investments 167 from Jabu Mabuza for R26,5m. Catwalk effectively holds a 4,6% interest in Tsogo Investment Holding Company via Catwalk Leisure Investments. Following the transaction, HCI will own 100% of the issued share capital of Catwalk. […]

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CLOVER IS REAPING THE REWARDS OF A STRATEGY TO COMMERCIALISE

Privately owned Clover Industries is reaping the rewards of a strategy to commercialise what was once a dairy farmer co-operative, according to an analyst. Alistair Lea, a portfolio manager at Coronation Asset Managers, said the dairy producer had gone from a loss of R28 million in 2005 to a profit of R84 million last year. […]

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5 Feb 2007 SENS Announcements

FURTHER INCREASE OF HCI`S INDIRECT INTEREST IN TSOGO INVESTMENT HOLDING COMPANY (PTY) LTD

1. Introduction Shareholders of HCI are advised that HCI has exercised a call option for the acquisition of a further 15% interest in Catwalk Investments 167 (Pty) Ltd (“Catwalk”) from Mr Jabulani Albert Mabuza (“Mabuza”) (“the transaction”). Currently, 15% of the shares in the issued share capital of Catwalk are held by Mabuza and 85% […]

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