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2012  // Posts published in 2012

19 Nov 2012 Tsogo Sun Holdings

INVESTORS CHEER TSOGO SUN’S RESULTS

Johannesburg – Africa’s biggest hotels and casino operator, Tsogo Sun Holdings Ltd [JSE:TSH], reported a 36% rise in first-half profit, as consumers in its mainstay South African market spent more on leisure. Tsogo Sun, 40% owned by brewer SABMiller [JSE:SAB], said diluted headline EPS totalled 68 cents in the six months to end-September compared with […]

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19 Nov 2012 Tsogo Sun Holdings

TSOGO SUN EARNINGS RISE AS GAMBLERS BUCK ECONOMIC TRENDS

Tsogo Sun Holdings Ltd. (TSH), a South African casino operator, said first-half profit rose on higher takings from both its hotels and gaming divisions as gamblers shrugged off slowing economic growth. Net income increased 34 percent to 743 million rand ($84 million) in the six months through September from a year earlier, the Johannesburg-based company […]

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TSOGO SUN’S RESPONSIBLE TOURISM STRATEGY WINS FIVE IMVELO AWARDS

The Tsogo Sun group, along with Tsogo Sun’s Riverside Sun Resort, and two of the group’s Sandton hotels walked away with a laudable collection of five of the total of nine awards at the 2012 Imvelo Responsible Tourism Awards on 31 October, with Riverside Sun taking the Overall Winner award, selected from the eight category […]

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19 Nov 2012 Tsogo Sun Holdings

TSOGO SUN SAYS INTERIM EARNINGS UP 36%

Interim dividend of 24.0 cent per share. JOHANNESBURG, Nov 19 (Reuters) – Africa’s biggest hotels and casino operator, Tsogo Sun Holdings Ltd, 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 EPS […]

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19 Nov 2012 Tsogo Sun Holdings

TSOGO’S CASINO INVESTMENTS STEAM AHEAD

VENTURES AFRICA – Tsogo Sun, Africa’s biggest hotels and casino operator, is proceeding with the R200m expansion of its Emnotweni Casino, it said on Monday. This expansion includes the construction of an expanded casino floor, additional gaming positions, additional covered parking, a conference and eventing area and restaurants. Plans are at an advanced stage for […]

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19 Nov 2012 Tsogo Sun Holdings

GAMING, HOTEL UNITS BOOST TSOGO SUN’S EARNINGS

TSOGO Sun on Monday reported a rise in first-half earnings driven by solid growth in its gaming and hotel divisions’ revenues. Africa’s biggest hotels and casino operator said diluted headline earnings per share rose 40% to 69.9c for the six months ended September. The company benefited from a particularly strong September trading month for its […]

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19 Nov 2012 Niveus Investments

LARGE CASH BALANCE ‘WILL HELP NIVEUS GROW PORTFOLIO’

NIVEUS Investments, which was listed in September after Hosken Consolidated Investments (HCI) restructured some of its investments, ended the six months to September with a healthy cash balance of R138.5m, its results showed on Monday. The stronger cash balance puts the newly listed company in a better position to expand its diversified portfolio. At the […]

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15 Nov 2012 Media & Broadcasting

E.tv: KRUGER’S COMMENTS ‘UNACCEPTABLE’

The free-to-air broadcaster says comments by Roy Kruger, the technical adviser to communications minister Dina Pule, about its lawsuit against the minister are “unacceptable” and “reckless”. E.tv says it is dismayed by comments made by Roy Kruger, communications minister Dina Pule’s technical advisor, about the broadcaster’s commitment to digital terrestrial television. Pule herself was quick […]

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15 Nov 2012 Media & Broadcasting

e.tv DISMAYED OVER UNACCEPTABLE COMMENTS MADE BY COMUNICATION ADVISOR ROY KRUGER

Free-to-air broadcaster, e.tv, is dismayed by comments made by Communications Minister Dina Pule’s technical advisor, Roy Kruger, about the broadcaster’s commitment to DTT. Kruger’s reckless remarks were directed at e.tv’s lawsuit against the Minister’s appointment of Sentech to manage conditional access to set-top boxes. Kruger’s description of the lawsuit as “stupid” and the reason for […]

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15 Nov 2012 Media & Broadcasting

MASTERCHEF LIVES ON

The place to be or not to be – Aarya It takes a lot more to make a restaurant successful than having a great chef, as many great chefs (and their customers) have discovered to their cost. But at Aarya, the new restaurant at Montecasino which formed part of the prize won by Deena Naidoo […]

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