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2011  // Posts published in 2011

25 Aug 2011 Transport

SAMWU WORKERS ‘PETROL BOMB’ BUS

Striking South African Municipal Workers’ Union (Samwu) workers reportedly petrol bombed a Golden Arrow bus in Cape Town on Thursday morning. The vehicle was set alight at the old Harare terminus in Khayelitsha as passengers were boarding. Golden Arrow’s François Meyer said, “As the passengers started abandoning the bus, one of the striking workers threw […]

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25 Aug 2011 Technology

MEDIA STATEMENT BY ROBIN CARLISLE, MINISTER OF TRANSPORT AND PUBLIC WORKS

Today, 25 August 2011, it is one year since the tragic events that took place at the Buttskop level crossing in Blackheath. And yet yesterday we were rocked by yet another senseless tragedy claiming the lives of 16 of our precious children in Knysna. I am glad therefore to have some positive news. Within two […]

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24 Aug 2011 Clothing and Textiles

FOUNDATION LAUNCHES 46664 APPAREL

Johannesburg – The Nelson Mandela Foundation on Wednesday launched a clothing line featuring garments marked with “46664”, the anti-apartheid hero’s prison number, as part of a fundraising campaign to counter HIV. The line, manufactured by South African company Seardel, debuted at a leading Johannesburg store and includes men’s shirts, polos and jeans bearing the famous […]

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28 Jul 2011 KWV Holdings

HCI’S PLAN FOR KWV

We hope our shareholding will result in KWV developing a stronger vision of its participation in the liquor industry going forward” – HCI Directors Investment company HCI has two main objectives for wine and spirits producer KWV. One is to improve its performance and value. The other is to use the company as a platform […]

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23 Jul 2011 Clothing and Textiles

SACTWU USES HCI STAKE TO RESCUE PENSIONERS’ FUNDS

JOHANNESBURG – The South African Clothing and Textile Workers Union (Sactwu) will transfer R200m worth of its stake in Hosken Consolidated Investments (JSE: HCI) towards retirement funds of over 20 000 clothing and textile workers affected by the Trilinear retirement fund saga. “Sactwu will immediately inject R200m into the retirement funds of clothing and textile […]

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22 Jul 2011 Clothing and Textiles

SA CLOTHING SECTOR MISSING THE GAP

The textile and clothing industry urgently needs “to get over this narrow-minded dispute around wages so that it can take advantage of what is taking place in China”. So says Renato Palmi, a Durban-based researcher and consultant to the industry. He says foreign companies sourcing from China have to deal with labour shortages, power-supply problems, […]

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21 Jul 2011 Clothing and Textiles

46664 APPAREL TO MAKE ITS RETAIL DEBUT

The inaugural 46664 Apparel range is headed to retail department store Stuttafords, five months after the licence deal between Nelson Mandela’s multifaceted global campaign, 46664, and SA’s biggest clothing and textile manufacturer, Seardel, was announced. In total, 46664 Apparel will occupy more than 700 square metres of floor space in 15 Stuttafords stores, from August […]

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16 Jul 2011 Tsogo Sun Holdings

STATE OUT TO KILL GOOSE THAT LAYS GOLDEN EGGS

Through a series of poorly thought-through regulatory amendments, the government appears hell bent on destroying the casino industry, regarded as one of the world’s most successful and well regulated since the introduction of a new gaming dispensation in the mid-1990s, writes Jabu Mabuza. South Africa’s casino industry is regarded as one of the world’s most […]

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15 Jul 2011 KWV Holdings

KWV CEO QUITS

Thys Loubser resigns with immediate effect. The KWV Board today announced that CEO Thys Loubser has resigned as company CEO with immediate effect. Loubser, who has been leading the wine and brandy company since January 2007, will be replaced in an acting capacity by André van der Veen, a member of the KWV board and […]

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12 Jul 2011 HCI Australia

SOUTH AFRICANS DIVE DEEP INTO OCEANIA

ANZ Bank has put the former Allco Equity Partners, Oceania Capital, in play by selling enough shares to South African listed conglomerate Hosken Consolidated Investments for a takeover springboard. ANZ ended up owning 24 per cent of Oceania in late 2008 as a result of an investment company belonging to Melbourne’s Liberman family, LJCB Investments, […]

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