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2015  // Posts published in 2015

4 Jul 2015 Tsogo Sun Holdings

BID FOR STAKE IN SUNWEST, WORCESTER CASINO COLLAPSES

Johannesburg – Tsogo Sun’s bid to acquire a minority stake in Sunwest International and Worcester Casinos from Sun International and Grand Parade Investments has collapsed, the company announced on Friday. The proposed transaction has been under discussion since May 2014. The deal collapsed after the date of implementation for the transaction, a key condition on […]

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4 Jul 2015 Tsogo Sun Holdings

TSOGO SUN CANS SUN INTERNATIONAL DEAL

The R2.1bn deal was first announced in May last year, but was shot down by antitrust authorities in January. South African gaming and hotel group Tsogo Sun Holdings has scrapped plans to buy a minority stake in two casinos owned by Sun International , the companies said after the markets had closed on Friday. The […]

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29 Jun 2015 KWV Holdings

KWV SEEKS TO TAP INTO RUSSIA AND US

UNLISTED liquor group KWV Holdings, already a large exporter of wine to Europe, will target new markets in the US and Russia in a bid to build sustainable long-term profit growth. Speaking at the annual general meeting (AGM) on Friday, Niveus-held KWV CEO Andre van der Veen stressed the push into new markets formed part […]

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29 Jun 2015 Media & Broadcasting

COURT RULES THAT GOVERNMENT DTT POLICY STANDS

On Thursday, 25 June, the North Gauteng High Court dismissed e.tv’s application to review aspects of Government’s DTT Policy. e.tv’s chief operating officer, Mark Rosin, says, “e.tv is disappointed with the court judgment and is considering its options but remains committed to the roll-out of DTT and other digital platforms such as free satellite platform, […]

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26 Jun 2015 Media & Broadcasting

e.tv LOSES SET-TOP BOX ENCRYPTION BATTLE

E.TV on Thursday lost its challenge to the state’s digital migration policy, with the High Court stating firmly that the government should not have to pay for the private, commercial aims of individual broadcasters. Unless it is appealed against, the judgment clears the way for the government to implement the migration from analogue to digital […]

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26 Jun 2015 Media & Broadcasting

E.tv ‘COMMITTED’ TO DIGITAL TV

E.tv chief operating officer Mark Rosin has said the free-to-air broadcaster is “disappointed” after losing a high court application brought against communications minister Faith Muthambi. E.tv chief operating officer Mark Rosin has said the free-to-air broadcaster is “disappointed” after losing a high court application brought against communications minister Faith Muthambi over the use of encryption […]

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TSOGO SUN BACKS GENERATION EARTH

On World Environment Day on Friday, 5 June, Tsogo Sun entered into a new partnership with Generation Earth, a green networking platform with the youth, for the youth and by the youth. This new relationship, which sees Tsogo Sun becoming the venue and accommodation partner to Generation Earth, including their annual summit in October this […]

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15 Jun 2015 Media & Broadcasting

SA MISSES MORE THAN DIGITAL TV DEADLINE

Government has failed to meet a crucial deadline to switch off analogue broadcasting signals. In doing so, it has made a mockery of its own promises to bridge the digital divide and lift millions of South Africans out of poverty. More than a decade after South Africa started preparing to switch off analogue terrestrial television, […]

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12 Jun 2015 SENS Announcements

ACQUISITION OF HCI SHARES BY DIRECTORS PURSUANT TO THE EXERCISE AND NET SETTLEMENT OF SHARE OPTIONS

In compliance with Rules 3.63 – 3.74 of the JSE Limited Listing Requirements the following information regarding the off-market, direct beneficial acquisition of HCI shares by directors pursuant to the exercise and net settlement of share options previously granted in terms of the HCI Employee Share Scheme is disclosed:   Director : Mr J A […]

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9 Jun 2015 General

COMPANY COMMENT: HCI’S WHITE KNIGHT TO CHECK ITHUBA’S WOES

EVERYONE knows that empowerment conglomerate Hosken Consolidated Investments (HCI) is dead keen on the local gaming sector. HCI owns the biggest shareholding in casino giant Tsogo Sun, as well as a controlling stake in alternative gaming specialist Niveus, which has limited payout machines, electronic bingo, sports betting and a share of the new Kuruman casino. […]

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