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2011  // Posts published in 2011

8 Dec 2011 General

BOLD MOVE AS VAVI GETS TOP IDC POST

N A move likely to raise eyebrows in the labour movement, Cosatu general secretary Zwelinzima Vavi has been appointed to a top position at the Industrial Development Corporation. The appointment was made by Economic Development Minister Ebrahim Patel, a former general secretary of the SA Clothing and Textile Workers Union – a Cosatu affiliate. Vavi […]

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30 Nov 2011 Technology

BIG BROTHER FOR CAPE ROADS

Three state-of-the art, hi-tech systems are being planned to monitor traffic and to try to reduce road deaths on Western Cape roads. The provincial transport ministry has revealed plans to introduce the latest camera and tracking technology to keep a closer eye on motorists. The plans include: * Satellite trackers in all public transport vehicles, […]

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29 Nov 2011 Tsogo Sun Holdings

TSOGO ACQUIRES LARGER STAKE IN SUNCOAST CASINO

Shareholders were advised that on 26 November 2011 the Kwazulu-Natal Gaming and Betting Board approved the application submitted by Tsogo Sun Gaming (Pty) Ltd for the acquisition of an additional 16.5% effective interest in the Suncoast Casino for R510 million (“the transaction”), bringing Tsogo Group’s total ownership of that operation to 90%. Following the approval […]

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24 Nov 2011 SENS Announcements

RESULTS OF THE ANNUAL GENERAL MEETING

Shareholders of HCI are hereby advised that at the Annual General Meeting held today, 24 October 2011, all the ordinary and special resolutions proposed in the notice to shareholders were approved by the requisite majority of votes. Cape Town 24 October 2011

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22 Nov 2011 Clothing and Textiles

SEARDEL TRYING TO LESSEN RELIANCE ON GARMENTS

Clothing and textile conglomerate Seardel says It Is trying to break its dependence on the garment industry. The group said on Friday that its headline loss for the half-year to September fell to ii.3c from 23.4c previously. Its diluted headline loss per share was 1O.8c from a loss of 23.4c. Headline earnings per share from […]

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21 Nov 2011 Tsogo Sun Holdings

GOLD REEF MERGER LIFTS TSOGO SUN PROFIT

Following its reverse takeover of competitor Gold Reef Resorts and its acquisition of the Grace Hotel in Rosebank, Tsogo Sun plans to develop more hotels in Africa, the Middle East and in this country. However, despite striking this upbeat tone yesterday, new chief executive Marcel von Aulock warned that changes in gaming regulation posed a […]

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21 Nov 2011 Tsogo Sun Holdings

TSOGO SUN EYES DISTRESSED HOTELS

Looking at a number of distressed hotel assets having already acted with The Grace, also investing in Suncoast casino Durban and “tweaks” at Silverstar TSOGO Sun Holdings, the gaming and hotel group that merged with competitor Gold Reef Resorts , is planning to use its newly acquired muscle to invest in its gambling businesses and […]

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21 Nov 2011 Media & Broadcasting

e.TV GHANA, YFM AND HAPPY FM TO REWARD LISTENERS WITH ‘WILD FRIDAY’ GIVEAWAYS

Accra, 10th November, 2011: This Friday, also known as the eleven eleven eleven (11-11-11) weekend, promises to be thrilling as e.TV Ghana, Yfm and Happy fm, all broadcasting units of Global Media Alliance, will give away exciting prizes to their loyal listeners simultaneously on YFM 107.9, Happy 98.9fm and e.tv Ghana. Dubbed ‘Wild Friday’, listeners […]

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18 Nov 2011 Tsogo Sun Holdings

EMNOTWENI GIVES PREFERENCE TO CLUB MEMBERS

Emnotweni gives preference to Club members as accommodation is snapped up in run-up to UB40 concert With some 20 000 fans expected to pour into Nelspruit for the highly-anticipated UB40 Concert on Reconciliation Day, Emnotweni Casino & Hotel, the official accommodation and hospitality partner for the event, is furiously taking bookings for rooms from out-of-town […]

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17 Nov 2011 SENS Announcements

UNAUDITED GROUP INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2011

+15,5% REVENUE +35,1% EBITDA +34,0% HEADLINE EARNINGS (For results, please see pdf on the financial section of the website) COMMENTARY Our headline profits were up some 34% on the same period last year which is pleasing by any standards. This was achieved by our main assets growing attributable earnings more than 20% over the previous […]

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