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2009  // Posts published in 2009

20 May 2009 Clothing and Textiles

MINISTERS WEAVE FRAME BAILOUT

MINISTERS EAVE FRAME BAILOUT Enslin-Payne, Samantha Pressly, Donwald – Business Report Davies and Patel meet Sactwu to discuss multimillion-rand plan to save Seardel unit and its 1 400 jobs In a renewed effort to save jobs at troubled Frame Textiles, Trade and Industry Minister Rob Davies and Economic Development Minister Ebrahim Patel have been meeting […]

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18 May 2009 Transport

CT TRANSPORT PLAN “UNREALSTIC”

Golden Arrow Bus Services, one of Cape Town’s largest bus operators, has poured cold water on the city’s planned integrated rapid transport (IRT) system, saying its implementation timetable is too tight and unrealistic. “We don’t believe it’s possible to get the IRT going before the 2010 Fifa World Cup as massive infrastructure construction has to […]

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18 May 2009 Media & Broadcasting

ADVERTISING GAINS STILL HOLDING UP WELL FOR e.tv

While the SABC has blamed a disatrous advertising market for R400m of its R764m loss for the year to March, its competitor, e.tv, says the TV advertising market has held up well. “Television adspend continues to increase over the period, albeit at a slower rate and e.tv continued a steady gain in market share of […]

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15 May 2009 General

HOSKEN WARNS STATE ON BUSES

Diversified listed group Hosken Consolidated Investments yesterday said its spread of businesses delivered strong results in the year to March, but issued a stark warning to the government to sort out the mess with payment to private bus operators or risk chaos in the public transport sector. The group, with interests in companies ranging from […]

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15 May 2009 SENS Announcements

REVIEWED ABRIDGED CONSOLIDATED GROUP RESULTS FOR THE YEAR ENDED 31 MARCH 2009

ABRIDGED CONSOLIDATED INCOME STATEMENT – see pdf in financial section RECONCILIATION OF HEADLINE EARNINGS – see pdf in financial section ABRIDGED CONSOLIDATED BALANCE SHEET – see pdf in financial section CONSOLIDATED STATEMENT OF CHANGES IN EQUITY – see pdf in financial section ABRIDGED CONSOLIDATED CASH FLOW STATEMENT – see pdf in financial section NOTES TO […]

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15 May 2009 Clothing and Textiles

HCI: SEARDEL PROFITABLE SOON

Empowerment investment group Hosken Consolidated Investments believed its beleaguered clothing and textile subsidiary, Seardel Investment Corporation, would operate profitably in the second half of the financial year ending March 2010. In comments accompanying year-end results released on Thursday evening, HCI CEO Johnny Copelyn said the company anticipated the loss-making Seardel would be turned around or […]

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15 May 2009 Mining

NOT MUCH SHAKING AT HCI’S KHUSELA

INVESTORS who think coal mining is where easy money can be made should have a squizz at the latest year to end-March results from empowerment group Hosken Consolidated Investments (HCI). HCI owns 80% of Khusela Coal – which operates the Mbali (formerly Klipoortjie) and Palesa (Loopspruit) projects. Initial expectations were that Khusela would be mining […]

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14 May 2009 General

HOSKEN FY HEADLINE EARNINGS DOWN 54 PCT

South Africa’s Hosken Consolidated Investments Ltd (HCIJ.J: Quote) reported a 54 percent drop to 255 cents in full year headline earnings on Thursday. Hosken, which controls leisure firm Johnnic Holdings JNCJ.J and has a majority stake in commercial TV broadcaster etv, said revenue for the year to end March stood at 8.06 billion rand ($942.3 […]

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14 May 2009 SENS Announcements

TRADING STATEMENT

In terms of the JSE Limited Listings Requirements, companies are required to publish a trading statement as soon as they are reasonably certain that the financial results for the current reporting period will be more than 20% different than that of the previous corresponding period. As a result of the above, HCI shareholders are informed […]

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12 May 2009 Transport

FARE INCREASE

In line with the special conditions of the interim contract, the Western Cape Provincial Department of Transport has been informed, that effective 25th May 2009; the fares charged by Golden Arrow Bus Services will be increased by an average of 8,9%.Previous fare adjustments implemented by Golden Arrow have been relatively small in comparison to the […]

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