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2011  // Posts published in 2011

8 Jul 2011 Transport

GOLDEN ARROW TO BENEFIT FROM MYCITI PLANNING

The Golden Arrow bus service will not be left out in the cold as the MyCiTi bus service continues to be rolled out. A total of 200 stations will be constructed along the Atlantic Seaboard towards Hout Bay. The city’s Kylie Hatton said they have been in negotiations with the taxi industry and Golden Arrow […]

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27 May 2011 Clothing and Textiles

CUSTOMS FRAUD HAMSTRINGS SEARDEL DESPITE PROFIT

Seardel, the largest clothing and textile manufacturer in South Africa, is in the black for the first time since 2007. But its clothing division remains a concern as customs fraud and competitors’ non-compliance with minimum wages make it difficult to compete. The group reported an 11.7 percent rise in revenue to R2.4 billion in the […]

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16 May 2011 SENS Announcements

TRADING STATEMENT

HCI – Hosken Consolidated Investments – Trading Statement HOSKEN CONSOLIDATED INVESTMENTS LIMITED 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 […]

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22 Mar 2011 Media & Broadcasting

R350m INVESTMENT FOR CAPE FILM FACILITY

World class film facility outside Cape Town to attract the film industry’s big guns. CAPE TOWN – A R350m investment into a state of the art film facility outside of Cape Town is expected to transform the city from a diverse and useful site from which to shoot advertisements and films, into a dynamic film […]

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7 Mar 2011 SENS Announcements

OFFER TO HCI SHAREHOLDERS

It was announced on 30 January 2001, that HCI and its controlling shareholders had entered into an agreement in terms of which HCI would repurchase 48 287 301 HCI shares, being 12,5% of the issued HCI shares, from MIC Media Technology Holdings (Proprietary) Limited and Mineworkers Social Benefit Trust (“the sellers”) subject to, inter alia, […]

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21 Feb 2011 Tsogo Sun Holdings

TSOGO DEAL SEWN UP

All conditions relating to the merger of Tsogo Sun with Gold Reef Resorts had been fulfilled SABMiller said on Friday SABMiller will exchange its 49% interest in Tsogo Sun for a 397% interest in the merged entity. Source: BUSINESS DAY – Annaleigh Vallie

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17 Feb 2011 KWV Holdings

TONGUES WAG AS KWV APPEALS HALEWOOD RULING

Not surprisingly KWV has decided to appeal the Securities Regulation Panel’s (SRP’s) recent ruling, which requires it to treat Halewood International as a bona fide offeror and provide the UK firm with information it requests in order to make a formal offer. Halewood, a UK-based drinks company with operations in South Africa, had requested information […]

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15 Feb 2011 Tsogo Sun Holdings

HOT STOCK: GOLD REEF CAN KEEP SILVERSTAR

THE South African anti-trust watchdog has ruled that Gold Reef will not have to sell a major asset to win approval for a $2,2 billion merger. Gold Reef Resorts has interests in various casinos, including Golden Horse Casino in Pietermaritzburg. Gold Reef is due to merge with rival Tsogo Sun, which is owned by brewer […]

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14 Feb 2011 Tsogo Sun Holdings

TRIBUNAL APPROVES GAMING MERGER

The Competition Tribunal’s decision to unconditionally approve the merger between Tsogo Sun and Gold Reef Resorts will see Hosken Consolidated Investments (HCI) move a step closer to realising its long-term ambition of playing a dominant role in South Africa’s gaming industry. The Competition Commission had recommended that the tribunal approve the merger on condition that […]

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11 Feb 2011 SENS Announcements

PROPOSED MERGER OF TSOGO SUN HOLDINGS (PROPRIETARY) LIMITED AND GOLD REEF RESORTS LIMITED

Shareholders are referred to the announcements published by HCI on the Stock Exchange News Service of the JSE Limited on, inter alia, 18 February 2010, 26 April 2010, and most recently 20 January 2011 regarding the proposed merger of the gaming and hotel businesses of Tsogo Sun Holdings (Proprietary) Limited, a 51% held subsidiary of […]

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