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2010  // Posts published in 2010

25 Oct 2010 SENS Announcements

REPORT OF ANNUAL GENERAL MEETING

Shareholders are advised that all resolutions were passed by the requisite majority of shareholders at the annual general meeting held today, 25 October 2010. The special resolution will be lodged with CIPRO for registration, in due course

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21 Oct 2010 General

MUTUALLY RELIANT

ENTHUSIASM FOR SOUTH AFRICA and a voracious appetite for risk have been two of the key drivers behind the growth of JSE-listed investment group Hosken Consolidated Investments (HCI), which was founded and built up by Marcel Golding and John Copelyn. The pair are finalists in the Ernst & Young World Entrepreneur Awards 2010. Golding and […]

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15 Oct 2010 SENS Announcements

FULFILMENT OF CONDITIONS PRECEDENT

Fulfilment of conditions precedent to the 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. Shareholders are referred to the announcement made on 14 December 2009 on the Stock Exchange […]

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14 Oct 2010 General

DEBTS AND DIVIDENDS

The latest annual report from investment company Hosken Consolidated Investments (HCI) – which carries a fair chunk of debt at the centre — highlights the need for strong and stable cash flow over the years ahead. The report shows HCI’s array of investments currently earns around R500m/year of cash. But CEO Johnnyy Copelyn says acquisitions […]

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6 Oct 2010 Transport

PASSENGERS FLEE BURNING BUS

When people riot in Cape Town they often burn the buses that are there to take them to work… On Monday night ANOTHER bus from the Golden Arrow company was torched. This time, as service delivery protests in Phifippi, in the Western Cape, continued, the bus was torched in Nyanga. It’s the second Golden Arrow […]

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6 Oct 2010 Transport

GOLDEN ARROW BUS ALIGHT

A GOLDEN Arrow bus was torched in Nyanga on the Cape Flats, the second such incident in a week, the bus company said yesterday. “Protesters began stoning the bus quite heavily and the driver jumped out,” said Golden Arrow’s Cape Town spokesman Bronwen Dyke. “The protesters placed a burning tyre underneath the bus. It caught […]

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6 Oct 2010 Transport

KHAYELITSHA STREETS STILL LITTERED AFTER PROTEST

TRASHED: Angry protesters demanding RDP houses have again left Mew Way in Khayelitsha covered in litter. Public transport was disrupted as buses and taxis had to be rerouted due to rubbish containers blocking the road. KHAYELITSHA streets were still covered in litter yesterday after service delivery protests resulted in chaos on Monday night as garbage […]

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6 Oct 2010 Transport

GOLDEN ARROW SERVICE TO CONTINUE

Golden Arrow yesterday moved to assure passengers that its services would continue uninterrupted after a bus was torched in Nyanga on the Cape Flats by protesters on Monday evening. Source: Business Day – SAPA

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5 Oct 2010 Transport

BUS SET ALIGHT IN SERVICE DELIVERY PROTEST

THE GOLDEN Arrow bus service has come under attack for at least the 12th time in less than a week. A bus was gutted by arsonists last night, after stone- throwers forced the driver to [lee from the vehicle in Nyanga. “Protesters began stoning the bus quite heavily and the driver jumped out,” said Golden […]

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1 Oct 2010 General

SACTWU BURIES CONTRADICTIONS UNDER UPBEAT CONFERENCE

INSIDE LABOUR The marriage of trade unions and equity investments has al ways been problematic. But, throughout the relative boom years from the time of the 1994 transition, this linkage of the two seemed, if not happy, at least prosperous; a steady flow of dividend income kept muttered protests to the margins. The criticism — […]

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