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2015  // Posts published in 2015

1 Jun 2015 Tsogo Sun Holdings

HEAD CONCIERGE OF INTERCONTINENTAL JOHANNESBURG O.R. TAMBO AIRPORT HOTEL WINS GOLDENS KEYS

Vera Jackson of the renowned InterContinental Johannesburg O.R. Tambo Airport Hotel has been honoured with Les Clefs d’Or (Golden Keys) from the Society of the Golden Keys of Great Britain and the Commonwealth. Jacksn is one in only four South African women to receive this prestigious accreditation. News Article Image for ‘Head concierge of InterContinental […]

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31 May 2015 Media & Broadcasting

MULITCHOICE DIGITAL TV HIJACKING ALLEGATION

There is widespread evidence of the pay-TV operator clearly trying to dictate state policy. Pay-TV operator MultiChoice waged a campaign to overturn a crucial government decision that critics claim crossed the line between acceptable lobbying and capturing state policy. At issue is the government’s plan to move all television broadcasting to a digital system that, […]

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TSOGO SUN PROUDLY SUPPORTS A JOURNEY OF HOPE AND COURAGE TO THE COMRADES

Tsogo Sun has been a proud supporter of the Unogwaja Challenge since 2012. On Thursday, 21 May, in the early hours of the morning, 11 cyclists set off from the Southern Sun Waterfront hotel on their 10-day voyage to Pietermaritzburg where they will then run the ultimate human race, the Comrades Marathon, on the eleventh […]

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25 May 2015 General

REGULATIONS STYMIE DEVELOPMENTS, SAYS HCI

TRADE union-controlled empowerment giant Hosken Consolidated Investments (HCI) has bemoaned the significant regulatory challenges it faces in several of its key business holdings. HCI — worth about R16.5bn in market capitalisation — holds a mainstay investment in gaming and leisure group Tsogo Sun, but also has influential or controlling stakes in media (mainly e.tv), alternate […]

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25 May 2015 Media & Broadcasting

SET-TOP BOXES: e.tv SQUARES UP TO GOVERNMENT OVER ITS POLICY

A BATTLE over government policy on television set-top boxes will take place in court this week, in a case that could have far-reaching consequences for free-to-air television. If the government wins the case, e.tv says those who cannot afford to subscribe to pay-TV would end up with a second-rate viewing experience, unable to access premium […]

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22 May 2015 Tsogo Sun Holdings

TSOGO MAY SPLIT OFF PROPERTY ASSETS

LEADING gaming and leisure group Tsogo Sun is contemplating splitting off its sprawling property interests and separately listing a real estate investment trust (Reit) on the JSE. Hosken Consolidated Investments (HCI)-controlled Tsogo is one of the biggest real estate owners in SA with an estimated R10bn in hotel, office and retail properties — excluding its […]

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22 May 2015 Niveus Investments

NIVEUS CHANGES ITS DIVIDEND POLICY AMID LICENCE WORRIES

ALTERNATIVE gaming specialist Niveus Investments cited uncertainty around its KwaZulu-Natal electronic bingo terminal licences, which risk significant impairment, as a key consideration in revising its stated dividend policy. Niveus, which is controlled by empowerment giant Hosken Consolidated Investments, originally indicated a willingness to pay half its headline earnings out in dividends. But in comments accompanying […]

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22 May 2015 SENS Announcements

REVIEWED CONDENSED CONSOLIDATED RESULTS FOR THE YEAR ENDED 31 MARCH 2015

Please refer to the PDF on the Financial Section of the company website

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22 May 2015 Tsogo Sun Holdings

TSOGO SUN LIFTS INCOME DESPITE ‘TOUGH YEAR’

PRESSURE on consumer wealth and sentiment in SA and the effect of the Ebola epidemic and security fears offshore made 2014 a tough year for Tsogo Sun‚ the company said on Thursday. Despite these factors resulting in reduced hotel occupancies‚ the company’s income for the year ended March 31 was up 5% to R11.3bn. “Tsogo […]

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21 May 2015 Tsogo Sun Holdings

TSOGO SUN CONSIDERS REIT FOR PROPERTY PORTFOLIO

Tsogo Sun Holdings, South Africa’s biggest hotel and gaming company, will decide this year on whether to create a real estate investment trust (REIT) to hold its hotel, retail and office property portfolio. The REIT, which would exclude the company’s casino properties, could be valued at as much as R10 billion, Chief Executive Officer Marcel […]

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