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2008  // Posts published in 2008

26 Jun 2008 Clothing and Textiles

SEARDEL RIGHTS OFFER TO GIVE HCI CONTROL

CLOTHING and textile manufacturer Seardel said yesterday it would launch a rights offer to shareholders to raise R300m, effectively giving Hosken Consolidated Investments (HCI) control of Seardel. Seardel has had a torrid time in recent years as cheap clothing and textile imports knocked profitability and eroded its market share, while the tighter Inflationary environment is […]

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26 Jun 2008 Clothing and Textiles

HCI TO HEAD SEARDEL

HCI, otherwise known as HOSKEN CONSOLIDATED INVESTMENTS is expected to take control of SEARDEL from CE and founder Aaron Searll. Searll has agreed to restructure the struggling clothing manufacturer and has said he is expected new shareholder HCI to end up with a 51% stake in the textile and clothing maker following a rights offer […]

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25 Jun 2008 Clothing and Textiles

HCI BACKS SEARDEL RIGHTS OFFER

Cape Town – The terms of a R300m rights offer announced on Wednesday by Seardel Investment Corporation suggests SA’s largest clothing and textile company is clearly feeling the economic pinch. Seardel shareholders will be offered 6.66 new shares at a price of 50c/share for every share currently held. The rights offer price has been pitched […]

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AT THE ETV 24-HOUR NEWS SATELLITE CHANNEL LAUNCH PARTY

On Sunday night I found myself at the launch party of the new E-news 24-hour satellite channel at the exclusive Melrose arch rooftop venue. The black-tie event was awash with blue, with plasmas, media executives and a few parliamentarians. It was a slick launch and full of the glamour you would expect from a TV […]

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20 May 2008 Transport

GOLDEN ARROW DEPOT BLOCKADED

Commuters battle as drivers embark on second day of illegal strike Dozens of Golden Arrow buses and drivers’ private vehicles blockaded the entrance of the bus company`s main depot in Montana today as drivers embarked on the second day of their illegal strike. The strike resumed despite calls from union officials for staff to return […]

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19 May 2008 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 :  

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19 May 2008 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  Listings Requirements has been obtained

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16 May 2008 General

HCI ROLLS DICE AGAIN WITH LAUNCH OF eNEWS

Johannesburg – After the success of its initial gamble in launching the country’s first free-to-air TV channel e.tv, which has paid off handsomely over the years, Hosken Consolidated Investment (HCI) is taking yet another gamble by launching a 24-hour news channel. But this time the channel will be carried by an established pay television provider: […]

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15 May 2008 SENS Announcements

ABRIDGED CONSOIDATED RESULTS FOR THE YEAR ENDING 31 MARCH 2008

Results Highlights –    35% increase in headline profit for the year –    52% increase in profit attributable to HCI shareholders –    35% increase in headline earnings per share –    37% increase in adjusted headline earnings per share ABRIDGED CONSOLIDATED BALANCE SHEET ABRIDGED CONSOLIDATED CASHFLOW STATEMENT CONSOLIDATED INCOME STATEMENT CONSOLIDATED STATEMENT OF CHANGES IN EQUITY SEGMENTAL […]

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13 May 2008 Transport

ACCORD HALTS GOLDEN ARROW STRIKE OVER BUS MONITORING EQUIPMENT

GOLDEN ARROW Bus Services says normal service resumed at its Eastgate depot in Blackheath after a strike by members of the South African Transport Workers’ Union (Satawu) threatened to leave commuters stranded over the weekend. The strike, which was related to on-board monitoring equipment used by Golden Arrow to gauge its drivers’ performance on the […]

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