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2015  // Posts published in 2015

20 Nov 2015 General

COPELYN SAYS RED TAPE CHOKING HCI

INVESTMENT giant Hosken Consolidated Investments (HCI), headed by canny deal maker and former trade unionist Johnny Copelyn, has taken a swipe at “regulatory inhibitions” hindering growth and expansion of the group’s underlying subsidiaries. In comments accompanying HCI’s interim report released on Thursday, Mr Copelyn highlighted impediments to its investments in gaming, broadcasting, leisure, and the […]

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19 Nov 2015 Media & Broadcasting

BRIEF – SEARDEL INVESTMENT SAY SHAREHOLDERS APPROVE CHANGE OF NAME TO EMEDIA HOLDINGS

* Unaudited consolidated condensed interim results for the six months ended 30 september 2015 * On 14 September 2015, Seardel increased its investment in Sabido to 67,7 pct by acquiring all of remaining minority shareholdings in Sabido * Directors have resolved not to declare an interim dividend for period ended 30 September 2015 * Recording […]

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19 Nov 2015 Tsogo Sun Holdings

TSOGO SUN SAYS VISA REGULATIONS TOOK TOLL ON GROWTH

TSOGO Sun, Africa’s biggest hotel and gambling group, said on Thursday that its interim results reflected continued pressure on consumers as a result of macroeconomic environment and weak sentiment. It said in SA, the hotel industry continued to experience a subdued recovery due to both depressed demand and oversupply. “Overall industry occupancies have improved marginally […]

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19 Nov 2015 Niveus Investments

NIVEUS UNHAPPY WITH GOVERNMENT EFFORTS TO CURB ILLEGAL GAMBLING

ALTERNATIVE gaming specialist Niveus Investments said on Thursday it was disappointed that local gambling boards and government had not done more to shut down illegal gambling operations. It said this lack of action had forced the company to inject some of its own funds into the fight. “Illegal gambling is growing and we have seen […]

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19 Nov 2015 Tsogo Sun Holdings

SOUTH AFRICA’S TSOGO SUN POSTS EARNINGS RISE BUT WARNS ON OUTLOOK

JOHANNESBURG Nov 19 (Reuters) – Tsogo Sun Holdings Ltd , Africa’s biggest hotels and gambling operator reported a 9 percent rise in adjusted headline earnings per share for the six months ended Sept. but warned business was under pressure due to a subdued economy. The company paid a dividend of 31 cents and said income […]

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19 Nov 2015 General

BRIEF-HOSKEN CONSOLIDATED SAYS H1 HEPS RISES 29 pct

* Unaudited condensed consolidated interim results for the six months ended Sept. 30, 2015 * Revenue, including net gaming win, increased by 87.5 pct to 11.16 billion rand * H1 EBITDA for group increased by 139.9 pct to 2.68 billion rand * Have resolved to declare an interim ordinary dividend of 40 cents (gross) per […]

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19 Nov 2015 SENS Announcements

UNAUDITED CONDENSED CONSOLIDATED INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2015

CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION Unaudited Unaudited Unaudited 30 September 30 September 31 March 2015 2014* 2015* R’000 R’000 R’000 ASSETS Non-current assets 54 023 442 51 437 266 52 711 217 Property, plant and equipment 23 967 472 22 634 193 23 147 181 Investment properties 2 690 174 2 147 318 2 […]

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18 Nov 2015 Tsogo Sun Holdings

TSOGO SUN TO SELL HOTEL PROPERTIES

The deal will increase Tsogo’s stake in Hospitality to more than 50% from 27%. JOHANNESBURG – Tsogo Sun, Africa’s biggest hotel and gambling firm, will sell 10 hotel properties to Hospitality Property Fund in exchange for shares, the two companies said on Wednesday. The deal, which is agreed in principle, will increase Tsogo’s stake in […]

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18 Nov 2015 Tsogo Sun Holdings

TSOGO SUN TO SELL HOTELS

Johannesburg – Tsogo Sun, Africa’s biggest hotel and gambling firm, will sell 10 hotel properties to Hospitality Property Fund in exchange for shares, the two companies said on Wednesday. The deal, which is agreed in principle, will increase Tsogo’s stake in Hospitality to more than 50 percent from 27 percent. If the deal is finalised, […]

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17 Nov 2015 SENS Announcements

TRADING STATEMENT

In terms of section 3.4 (b) 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 corresponding period. Shareholders are hereby advised that a […]

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