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2010  // Posts published in 2010

24 May 2010 Clothing and Textiles

SEARDEL’S TURNAROUND SHAPES UP

DISTRESSED clothing and textile manufacturer Seardel made significant inroads into turning its operations around in the year to February and said it would continue its case against former directors of the group, including recently deceased Aaron Searll. Seardel’s generated gross profit of R612 million from turnover of R2.6 billion in the review period. The group’s […]

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13 May 2010 SENS Announcements

TRADING STATEMENT

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 […]

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3 May 2010 General

TOP EMPOWERMENT 2010 – OWNERSHIP – ON A TRULY REMARKABLE LEVEL

Despite uncertainty and a lot of work that needs to be done, some firms have managed to keep the ownership factor real. The ownership focused list of Top Empowerment Companies (TEC) survey has over the years shown a remarkable level of consistency. This suggests that some black economic empowerment (BEE) deals have been able to […]

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3 May 2010 General

SECTORS – FINANCIAL SERVICES – A SHOW OF COMMITMENT PERSISTS

With constant plausible performance figures, this sector is putting action behind its strategies The financial category of the 2010 Top Empowerment Companies (TEC) survey is stacked with high black economic empowerment (BEE) performers. This category includes investment holding companies such as Sekunjalo Investments, which is ranked as the most empowered entity on the JSE in […]

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26 Apr 2010 SENS Announcements

RESULTS OF THE GENERAL MEETINGS OF HCI, TIH AND GRR RELATING TO THE PROPOSED MERGER

RESULTS OF THE GENERAL MEETINGS OF HCI, TSOGO INVESTMENT HOLDING COMPANY (PROPRIETARY) LIMITED (“TIH”) AND GOLD REEF RESORTS LIMITED (“GOLD REEF”) RELATING TO THE PROPOSED MERGER OF TSOGO SUN HOLDINGS (PROPRIETARY) LIMITED (“TSOGO”) AND GOLD REEF (“PROPOSED MERGER”) HCI shareholders are advised that at the general meetings held today by HCI, TIH and Gold Reef, […]

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11 Apr 2010 Tsogo Sun Holdings

TSOGO SUN PLACES BIG BET ON GROWTH

TSOGO Sun looks set to become the world’s seventh- largest listed hotel and casino group once the merger with Gold Reef Resorts takes place. Global growth has been the privately held group’s long- term strategy but it had lacked the financial muscle. However, gaming companies around the world have largely been decimated by ballooning debt […]

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8 Apr 2010 Tsogo Sun Holdings

SOUTHERN SUN’S PIVOT FILLS OUT MONTECASINO

SOUTHERN Sun hotels will be able to offer flve-star four-star and three-star accommodation to business and leisure visitors to Montecasino from next month, with the opening of the Pivot, Priva Naidoo, the communications officer for the hotel group, said yesterday. The Pivot is a R700 million development that includes offices, up-market shops, a conference centre […]

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THE GRID PARTNERS WITH e.tv

Vodacom’s the Grid, SA’s location- based mobile social network, has partnered with e.tv to show the mood of the country daily, based on the Grid user data. A daily mood map will be featured on e.tv every morning after the weather report. As of yesterday, users on the Grid could log in their mood and […]

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TOP EDITOR PUT ON ICE

SENIOR e.tv journalist has been suspended concerning allegations that he tried to moonlight for con• troversial bus operator SA Road- link for a monthly retainer and then do an exposé on the company when his attempt failed. The free-to-air channel’s sports editor Robin Adams wrote to Carmen Green, an SA Roadlink official, proposing “good marketing! […]

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18 Mar 2010 Tsogo Sun Holdings

SIGNIFICANT NEW DEAL – GOLD REEF RESORTS/TSOGO SUN HOLDINGS

BIGGER HAND FOR BOLDER PLAYS? The proposed merger of gaming groups Gold Reef Resorts (GRR) and Tsogo Sun Holdings will create a massive casino entity that could use its stronger hand and powerful cash flows to make bold plays in South Africa and offshore. As a combined entity, GRR and Tsogo which Finweek reckons should […]

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