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2010  // Posts published in 2010

14 Dec 2010 Tsogo Sun Holdings

MERGER POSTPONES

The Competition Tribunal has postponed hearings between Gold Reef Resorts and Tsogo Sun on their proposed merger to mid-January. The plan, disclosed earlier this year, depends on the tribunal for final approval. Source: Business day – INet Bridge

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6 Dec 2010 Tsogo Sun Holdings

APPROVAL GIVEN FOR GOLD REEF MERGER

Approval given for Gold Reef merger GAMBLING I Gold Reef Resorts and Hosken Consolidated Investments (HCI) announced on Friday that the proposed merger between Gold Reef and Tsogo Sun Holdings has received regulatory approval from the Mpumalanga Gambling Board and the Western Cape Gambling and Racing Bard. HCI has a 51% interest in Tsogo. The […]

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3 Dec 2010 Tsogo Sun Holdings

TSOGO SON RELUCTANT TO LET GO OF SILVERSTAR

Tsogo Sun reluctant to let go of Silverstar MERGER Tsogo Sun and the Competition Commission are set to square off in the Competition Tribunal next weelç with the gaming group opposing the commission’s recommendation that its merger with rival Gold Reef Resorts be made conditional on the sale of Silverstar Casino, due to concerns that […]

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17 Nov 2010 Clothing and Textiles

LETTERS TO THE EDITOR: LOW WAGES LEAD TO FACTORY CLOSURES

SIR — Mister Sparks has now emerged as the latest advocate of misconceptions about the clothing industry’s challenges. Take his unsubstantiated assertion that the Southern African Clothing and Textile Workers Union (Sactwu) and the Congress of South African Trade Unions (Cosatu) are not interested in job creation (Newcastle points the way to beating unemployment, November […]

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16 Nov 2010 Tsogo Sun Holdings

BOARD APPROVES CASINO MERGER

THE merger between casino rivals Gold Reef Resorts and Tsogo Sun has taken a small step towards approval after the group announced yesterday that the deal was given an unconditional green light from the KwaZulu-Natal Gambling Board, while the Gauteng Gambling Board approved the merger pending the approval of competition authorities. While yesterday’s announcement is […]

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16 Nov 2010 Media & Broadcasting

TSOGO, GOLD REEF MERGER APPROVED

Regulators have approved the proposed merger of the gaming and hotel businesses of Tsogo Sun and Gold Reef Resorts. Hosken Consolidated Investments, which holds 51 percent in Tsogo Sun, said yesterday that the Gauteng Gaming Board had approved the merger subject to competition authority approval. The KwaZuluNatal Gaming Board had approved the deal unconditionally. Source: […]

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12 Nov 2010 General

HCI’S GOLDING AND COPELYN TAKE TOP ENTREPENEUR AWARD

Entrepreneurs are defined as optimistic, having the ability to spot opportunities, inspiring and driving positive change and most importantly they are innovative, which is the key ingredient in maintaining a competitive edge in an increasingly globalised world economy. Demonstrating these qualities are the winners in the Ernst & Young SA chapter of the World Entrepreneur […]

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10 Nov 2010 Transport

DRIVER SHORTAGE COULD HIT 2010 PLANS

Golden Arrow fears the skills shortage in the commuter bus sector, including a national shortage of 7 000 drivers, is not only going to affect the city’s hosting of 2010 World Cup games, but other operations too. In its quarterly journal, Interchange, the bus company said the skills shortage “ravaging” the industry was putting pressure […]

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28 Oct 2010 SENS Announcements

DEALING IN SECURITIES BY DIRECTOR OF MAJOR SUBISIDIARY

DEALING IN SECURITIES BY DIRECTOR OF MAJOR SUBISIDIARY In compliance with the JSE Limited Listings Requirements, the following information is disclosed:   Source: HCI

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26 Oct 2010 Media & Broadcasting

SENSATIONALIST REPORT IS NOT CONSTRUCTIVE

I am disappointed that in your article “Union owns stake in sweat shop” (City Press, September 19 2010) you chose the sensationalist aspect of the story rather than presenting a more balanced view. As I explained, there is no direct link between the Southern African Clothing and Textile Workers’ Union (Sactwu) and Seardel other than […]

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