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2011  // Posts published in 2011

3 Nov 2011 General

NO NEED TO GET RESTLESS

One might have expected a fairly strong turnout of shareholders at the AGM of a R10bn empowerment investment company. The FM counted three shareholders at last week’s AGM of Hosken Consolidated Investments (HCI) — including representatives from Element Asset Management, which surely can’t be the only institutional investor in the company. Brimstone and Grand Parade […]

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UNDOING THE KNOW

Seardel – resolution on the horizon Arbitration of a R300m legal claim by clothing and textile conglomerate Seardel against former directors, including the late Aaron Searll, founder and former CEO, could be wrapped up early next year. Arbitration of a R300m legal claim by clothing and textile conglomerate Seardel against former directors, including the late […]

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DIGITAL TV: SHOULD FREE-TO-AIR CHANNELS BE ENCRYPTED?

More delays for South Africa’s migration to digital broadcasting as standards and regulations are relooked South Africa is considering encrypting its free-to-air (FTA) television channels (SABC and e.tv) when it switches from analogue to digital broadcasting. M-Net and e.tv have taken up positions on either side, with M-Net arguing against the encryption of FTA broadcasts […]

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20 Oct 2011 KWV Holdings

HCI WAITING IN THE WINGS

The worrying lack of returns at KWV has already prompted an influential minority shareholder, Chris Logan of Opportune Investments, to confront the company. Perhaps it’s not the best tactic to rattle minority shareholders at unlisted liquor group KWV Holdings. After all it was less than a year ago that consummate deal-makers PSG (via Zeder Investments) […]

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20 Oct 2011 Clothing and Textiles

SEARDEL – ON A STEEP ACCESS – RELIEF GRANTED

Is it worth taking an operational view on clothing and textile conglomerate Seardel? Or should investors continue to fixate on the underlying value locked up in the company’s property portfolio? Seardel managed an R8,5m bottom- line profit (R96m from continuing operations) in the year to end-June — with a much improved showing from the slimmed […]

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14 Oct 2011 HCI Australia

OVER THE OCEAN – HCI EYEING AUSSIE OPPORTUNITIES

Opportunistic empowerment giant Hosken Consolidated Investments (HCI) is making its mark Down Under after emerging as the biggest shareholder in Australian Securities Exchange-listed Oceania Capital Partners. HCI, whose SA investments range from gaming and media to transport and coal mining, has been reticent about its Aussie foray. In the latest annual report CEO Johnny Copelyn […]

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13 Oct 2011 Transport

GOLDEN ARROW BATTELS VANDALISM

The Golden Arrow Bus Service on Thursday said it was losing millions in revenue each year to vandalism and diesel theft in Cape Town. City of Cape Town officials spent the morning inspecting public transport facilities across the peninsula. The company’s François Meyer highlighted the many challenges facing public transport in Cape Town. He said […]

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10 Oct 2011 Media & Broadcasting

e.tv SLAMS M-NET OVER DIGITAL TV

Free-to-air broadcaster e.tv has slammed M-Net for suggesting last week that the country would be better off scrapping plans to build set-top boxes for digital terrestrial television, saying the pay-TV operator is acting out of self-interest only. M-Net’s director for legal and regulatory affairs, Karen Willenberg, told TechCentral last week that the country should instead […]

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7 Oct 2011 Tsogo Sun Holdings

SWAN SONG FOR CASINO BOSS

Captain of gaming industry calls it a day after a chequered career At the end of September 2011, an era came to an end in South Africa when Jabu Mabuza retired as chief executive officer of Tsogo Sun Holdings. From taxi driver to casino and hotel boss, he has come to personify the gaming and […]

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CLOTHING WITH A CONSCIENCE

My fashion choices basically consist of three steps: 1) Do I love it? 2) Is it comfortable? and 3) Does it slim me down or at least not make me look bigger? If I can answer “yes” to each of these questions, I buy the outfit. I can tell that 46664 Apparel clothing not only […]

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