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2010  // Posts published in 2010

CLOVER RESTRUCTURING WILL GIVE FARMERS MORE POWER

On the heels of a recent vote by Clover shareholders to proceed with a far-reaching restructuring of the company’s share structure. Clover Industries Limited (CIL) chairperson John Bredin has revealed plans to ensure producers maintain their grip on the company. ‘I remain totally convinced that this transaction has ensured a prosperous future for dairy farmers.’ […]

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18 Jun 2010 Media & Broadcasting

STANDARDS RETHINK MAY DELAY DIGITAL TV

THE change to digital television might he delayed well beyond the 2015 deadline set by the International Telecommunication Union. This is according to projections by M-Net and e.tv that assume that Minister of Communications Siphiwe Nyanda will get his way and replace the DVB digital TV standard with the ISDB standard developed in Japan and […]

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11 Jun 2010 Historic Investments

CONTROVERSIAL CLOVER RESTRUCTURING GOES AHEAD

Clover shareholders have given the thumbs up to Clover’s controversial proposal to sell over 9 million ordinary shares to top management and provide them with loans to buy the shares and refinance existing debt. They also approved the repurchase of all the ordinary Clover shares held by BEE partner Hosken Consolidated Investments (HCI) and its […]

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10 Jun 2010 Tsogo Sun Holdings

SLOW DOWN REDUCES TSOGO SUN EARNINGS

Tsogo Sun yesterday released its maiden results for the year to March, providing investors with the first detailed view of the gaming and hotel group’s financial performance ahead of its planned merger with rival Gold Reef Resorts. The two groups in February announced that they would merge and are seeking the various regulatory approvals needed […]

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HCI – 35% STAKE IN CLOVER SOLD FOR R337M

The sale of Hosken Consolidated Investments’ (HCI’s) 35 percent stake in Clover Industries, South Africa’s biggest milk producer, for R337 million had been concluded, the empowerment group announced at the weekend. Analysts believe the relationship between HCI and Clover soured over a lack of restructuring at the latter. HCI owns preference and ordinary shares, both […]

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3 Jun 2010 SENS Announcements

DIVIDEND ANNOUNCMENT

The directors of HCI have resolved to declare ordinary dividend number 41 of 60 cents per HCI share. The last day to trade cum distribution will be Friday 2nd July 2010. HCI shares will commence trading ex dividend as from Monday, 5th July 2010 and the record date will be Friday, 9th July 2010. The […]

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3 Jun 2010 SENS Announcements

DISPOSAL OF HCI’s INTERESTS IN CLOVER INDUSTRIES LIMITED (“CLOVER”)

Shareholders are referred to the announcement by HCI on the Securities Exchange News Service of the JSE Limited on 15 March 2010 regarding the disposal of HCI`s interests in Clover. HCI is pleased to announce that the above Clover transaction has now become unconditional and the sale proceeds have been received by HCI. Source: HCI

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1 Jun 2010 Niveus Investments

VUKANI AWARDED LPM ROUTE LICENCE IN NORTH WEST

Vukani Gaming Corporation, a wholly owned subsidiary of Hosken Consolidated Investments has announced (hat its associate company. Vukani Gaming North West (Pty) Ltd has been awarded a route operator licence to operate Limited Payout Machines (LPMs) in the North West province. The outgoing CEO of Vukani Gaming Corporation. Elias Mphande predicts that the award of […]

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1 Jun 2010 Transport

AN INDUSTRY VIEW ON BRT SYSTEMS : IMPLEMENTATION

Cape Town’s IRT initiative is based on flawed thinking that needs to be corrected before the city is saddled with an untenable system for the next 12 years AS sole operator of scheduled commuter bus services in Cape Town, we are one of the affected parties in the implementation of BRT and have been involved […]

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TAKING GRADUATES TO NEW HEIGHTS

TSOGO ACADEMY HAS INVESTED IN EDUCATION A relative newcomer as an employer in South Africa, the casino industry has experienced phenomenal growth since its legalisation less than 15 years ago and has provided jobs and training to thousands of people during this time. The human skills supply, however, is nol keeping pace with the growth […]

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