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2012  // Posts published in 2012

29 Nov 2012 Clothing and Textiles

COURT REJECTS LOSING BIDDER’S TENDER CASE

The Pretoria High Court has refused to overturn a contract to sell textiles to the government, saying the contractor was neither breaking the “buy local” requirements nor acting as a front for others. The losing bidder, Da Gama Textiles from the Eastern Cape, took the National Treasury to court along with winning bidder Eye Way […]

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29 Nov 2012 HCI Australia

OCEANIA CAPITAL UPSETS SHAREHOLDERS WITH ITS GENEROUS RIGHTS ISSUE

OCEANIA Capital Partners, formerly Allco Equity Partners, has generated some shareholder dissent over what is being regarded as generous treatment of the company’s major shareholder in relation to a recently announced rights issue. Oceania implemented a restructure last year in which it returned $170 million via a share buyback at $2.15 a share and a […]

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27 Nov 2012 Transport

BUS SYSTEM FLOWS SMOOTHER

n October this year, the City of Cape Town re-introduced the Bus Minibus Taxi (BMT) lane on Main Road, as an confirmation of its commitment to providing an integrated, efficient public transport system. In the weeks since the launch of the dedicated public transport lane, there has been a marked decrease in travel time for […]

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22 Nov 2012 SENS Announcements

DIRECTOR DEALING IN SECURITIES

In compliance with Rules 3.63 – 3.74 of the JSE Limited Listings Requirements, the following information is disclosed: 22 November 2012 Sponsor: Investec Bank Limited

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21 Nov 2012 Clothing and Textiles

SEARDEL H1 DILUTED HEPS UNCHANGED AT 0.1c

Seardel Investment Corporation (SER) on Monday, 19 November 2012, reported unchanged diluted headline earnings per share of 0.1 cents for the six months ended September 2012. The Group’s revenue at R1.2 billion was 0.7% down on the prior period. The prevailing economic environment for local manufacturers remained challenging and revenue from the group’s manufacturing operations […]

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20 Nov 2012 Tsogo Sun Holdings

TSOGO SUN PROFIT RISES AS CONSUMERS SPEND MORNING

Hotels and casino operator Tsogo Sun Holdings reported a 36 percent rise in first-half profit, as consumers in its mainstay South African market spent more on leisure. Tsogo Sun, 40 percent owned by brewer SABMiller, said diluted headline earnings a share totalled 68c in the six months to September compared with 50.1c a year earlier. […]

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20 Nov 2012 SENS Announcements

DIRECTOR DEALING IN SECURITIES

In compliance with Rules 3.63 – 3.74 of the JSE Limited Listings Requirements, the following information is disclosed :   20 November 2012 Sponsor: Investec Bank Limited

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TSOGO SUN WINS 5 IMVELO AWARDS

Tsogo Sun walked away with 5 of 9 possible category awards at the recent 2012 Imvelo Responsible Tourism Awards held at Montecasino in Johannesburg. The Imvelo Responsible Tourism Awards programme is organised by the Federated Hospitality Association of Southern Africa (FEDHASA) in association with the National Department of Tourism. Imvelo awards tourism businesses that demonstrate […]

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19 Nov 2012 Clothing and Textiles

SEARDEL REVENUE FLAT, BUT ‘GOOD PROGRESS’ MADE

SEARDEL Investment Corporation, which owns clothing companies and consumer electronics wholesalers, made “good progress” in the six months ended September even though revenue fell slightly to R1.2bn over the same time last year, the company said on Monday. The company has been recovering since it made operational losses in the 2008 and 2009 financial years. […]

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19 Nov 2012 General

UNAUDITED GROUP INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2012

– Headline earnings per share +38,7% – Earnings per share +33,5% – Profit before tax +21,2% ABRIDGED CONSOLIDATED STATEMENT OF FINANCIAL POSITION See PDF under Annual Financial Section ABRIDGED CONSOLIDATED INCOME STATEMENT See PDF under Annual Financial Section ABRIDGED CONSOLIDATED STATEMENT OF OTHER COMPREHENSIVE INCOME See PDF under Annual Financial Section ABRIDGED CONSOLIDATED CASH FLOW […]

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