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2010  // Posts published in 2010

1 Aug 2010 Mining

PALESA BENEFITS FROM K’ENYUKA EXPERTISE

Power generation in South Africa is heavily reliant on coal but before the coal can be used by Eskom, it must first be crushed, sized, washed and dowatered. This process is undertaken in coal washing plants and is arguably most effectively achieved when a single company is able to undertake the engineering design, construction and […]

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31 Jul 2010 Tsogo Sun Holdings

NAFCOC IN BID TO REVIVE RETAIL BUSIENSSES IN RURAL AREAS

Nafhold, the investment arm of the National Federated Chamber of Commerce and Industry (Nafcoc), will dispose of R1.5 billion worth of shares in Tsogo Sun. Nafcoc secretary-general Gilbert Mosena yesterday said the decision had been taken by the shareholders of Nafhold at a meeting in March. “Nafhold will dispose of R1.5bn of shares in hotel […]

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29 Jul 2010 Clothing and Textiles

SACTWU ASKS TO DISCUSS FACTORY CLOSURE

The Southern African Clothing and Textile Workers’ Union (Sactwu) had requested an urgent meeting with Woolworths to discuss the pending closure of one of the retailer’s suppliers, the union said yesterday. Seardel’s Intimate Apparel, a Cape Town-based under* wear and swimwear manufacturer, might be forced to close down, Sactwu said. “Should the closure of this […]

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29 Jul 2010 Clothing and Textiles

WOOLIES KEY TO KEEPING SWIMWEAR MAKER AFLOAT

THE SA Clothing and Textile Workers’ Union has called for an urgent meeting with Woolworths to discuss the pending closure of Intimate Apparel – a local underwear and swimwear manufacturer. Intimate Apparel has Woolworths as its main client. It was reported at the weekend that the manufacturer’s owners, the Seardel group, planned to shut it […]

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28 Jul 2010 Clothing and Textiles

‘RETAILERS TO BLAME’ FOR CLOSING OF SEARDEL UNITS

The South African clothing industry has been dealt another heavy blow by the news that clothing manufacturer Seardel Group is planning to close down its Intimate Apparel division in Cape Town due in part to what unions have said was “the refusal by Woolworths to improve the prices it paid” for merchandise. Seardel said this […]

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27 Jul 2010 Tsogo Sun Holdings

GOLD REEF – EARNINGS TO DIP BEFORE MERGER

Gold Reef Resorts, which is acquiring Tsogo Sun in a reverse takeover, expected to announce a yearon-year decline of between 20 percent and 25 percent in earnings a share and headline earnings a share for the six months to June, it said yesterday Steven Joffe, the chief executive of Gold Reef, said there was little […]

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26 Jul 2010 Clothing and Textiles

AXE HANGS OVER 800 SEARDEL WORKERS AS RESTRUCTURING EFFORTS FAIL

More than 800 workers would be affected by the proposed shutdown of clothing and textile giant Seardel’s Intimate Apparel division, bringing the total number of retrenchments at the company for the year close to 2 000. Clothing industry insiders were outraged at Seardel chief executive Stuart Queen’s confirmation at the weekend that it proposed to […]

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26 Jul 2010 Clothing and Textiles

SACTWU TRIES TO SAVE 800 WORKERS

The SA Clothing and Textile Workers Union is negotiating with the management of a company owned by its investment company, to save 800 workers faced with retrenchment. This after weekend reports the Seardel group was planning to shut down its Intimate Apparel division, based in Epping, by November. Sactwu owns about 40 percent of Hosken […]

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23 Jul 2010 Clothing and Textiles

800 JOBS ON THE LINE AT SEARDEL APPAREL DIVISION

Up to 813 permanent employees are set to lose their jobs after textile and apparel group Seardel Investment Corporation proposed closing down Intimate Apparel SA, a division which manufactures and distributes ladies lingerie and swimwear, as a result of significant ongoing losses. Seardel CEO Stuart Queen said the board of directors had made a principle […]

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16 Jul 2010 Tsogo Sun Holdings

GAMING GROUPS OPPOSE NEW CAPE TOWN CASINO

SUN International said yesterday that it would challenge a decision by the Western Cape Gambling and Betting Board to allow one of the four existing casinos in the province to move into the Cape Town metropole. providing stiff comperition to its lucrative GrandWest Casino for the first time. The announcement comes only months before GrandWest’s […]

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