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2009  // Posts published in 2009

29 Dec 2009 Transport

BUS FARE HIKE STILL EXCEEDS INFLATION RATE DESPITE TALKS

Transport authorities can not come to the rescue of thou. sands of commuters using Golden Arrow buses who will pay an average 9 percent more In fares starting next Monday Transport MEC Robin Carlisle said he had been under the impression he could prevent any increase contemplated by Golden Arrow “I thought I could veto […]

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14 Dec 2009 SENS Announcements

TRANSACTION BETWEEN TIH AND NAFCOC INVESTMENT HOLDING COMPANY PURSUANT TO WHICH THE HCI GROUP INCREASES ITS INTEREST IN TIH

  INTRODUCTION Shareholders are advised that TIH has entered into an agreement with Nafhold in terms of which TIH will repurchase from Nafhold, in terms of section 85 of the Companies Act of 1973, Nafhold`s 25% interest in the issued ordinary share capital TIH (“the repurchase transaction”). As a result of the repurchase transaction HCI`s […]

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14 Dec 2009 SENS Announcements

TRANSACTION BETWEEN TSOGO INVESMENT HOLDING COMPANY AND NAFCOC INVESTMENT HOLDING COMPANY

Transaction between Tsogo Investment Holding Company (Proprietary) Limited(“TIH”), a 74.67% held subsidiary of HCI, and NAFCOC Investment Holding Company (Proprietary) Limited (“Nafhold”) pursuant to which the HCI group increases its interest in TIH.   INTRODUCTION Shareholders are advised that TIH has entered into an agreement with Nafhold in terms of which TIH will repurchase from […]

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30 Nov 2009 Clothing and Textiles

CLOTHING INDUSTRY JOB LOSSES CONTINUE

AT LEAST 80 000 jobs have been lost in the local clothing and textile industry over the past six years as companies continue to downsize or close their doors. Statistics released by the Cape Clothing Association (CCA) last week reveal that nearly 10 000 Jobs are lost in clothing and textiles each year due to […]

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19 Nov 2009 Clothing and Textiles

ONE STITCH AT A TIME

BUT WOULD HCI CONSIDER DELISTING SEARDEL? SEARDEL’S INTERIM RESULTS to end- September do little to dispel the notion that majority shareholder Hosken Consolidated Investment-. (HCI) will kittle long and hard to make a return from an operational turnaround at the struggling clothing and textile conglomerate. Vestact’s Paul Theron – a well-known market commentator – recently […]

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11 Nov 2009 General

POSITIVITY ABOUT SA IS THE HALLMARK OF JOHN COPELYN

“Take political risks and trust in South Africa – there are great opportunities ahead.” This was the message delivered by John Copelyn, CEO of Hosken Consolidated Investments (HCI) Limited at a YAD business breakfast. Copelyn told the audience that he had felt a “sense of great panic” when he saw the advertisement announcing his talk […]

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9 Nov 2009 General

LOWER EARNINGS FORCE SHARES DOWN

Interim headline earnings at Hosken Consolidated Investments (HCI) fell 16 percent in the six months to September, the investment holding company reported on Friday. HCI, which controls leisure firm Johnnie Holdings and has a majority stake in commercial broadcaster e.tv, said revenue for the six months to September rose 35.3 percent year on year to […]

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9 Nov 2009 General

HCI SAYS EARNINGS DOWN 40% ON ONCE-OFF ITEMS

LISTED diversified company Hosken Consolidated Investments (HCI) posted a 40% slump in basic earnings per share for the six months to September, owing to once-off items, the group said on Friday. The group said this was in part due to tosses incurred as a result of the mark-to-market of Tsogo Sun’s initial investment in Gold […]

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SEARDEL URGES STATE AID FOR TEXTILE SECTOR

THE government should consider extending aid lo the job-intensive clothing sector and small businesses when their competitiveness came under pressure from the strong rand. Seardel CEO-designate Stuart Queen said on Friday. The government recently raised the import tariff on a selection of imported clothing items to 45%, the maximum allowed under its World Trade Organisation […]

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8 Nov 2009 General

EMPOWERMENT GROUP’S RESULTS GET A BIG BOOST – THANKS TO e.tv

TELEVISION broadcaster e.tv played a starring role in empowerment group Hosken Consolidated Investments in the six months to the end of September. Results released on Friday showed that HCI’s media unit — which mainly consists of etv — managed a 19% hike in operating profit to R331 million, even though revenue grew only 2.7%, to […]

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