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2016  // Posts published in 2016

TSOGO SUN GOES GREEN

Embracing greener behaviour for the wellbeing of the planet is a hallmark of Tsogo Sun’s and is written into the group’s overriding environmental management policy. Tsogo Sun is now creating awareness and educating stakeholders on greener living. Candy Tothill, Tsogo Sun’s GM of corporate affairs, says that green thinking permeates throughout the business. “We’re extremely […]

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BRIEF-TSOGO BUYS SOME GAMING BUSINESSES FROM NIVEUS INVESTMENTS

* Acquisition of certain gaming businesses from Niveus Investments Limited * Niveus accepted indicative offer for Niveus’ interests in Vukani Gaming Proprietary Ltd and Galaxy Bingo Proprietary Ltd * Says purchase consideration will comprise of 160 million ordinary shares in issued share capital of Tsogo amounting to about 4.65 bln rand * Purchase consideration will […]

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8 Dec 2016 Tsogo Sun Holdings

TAXMAN WINS BIG AT CASINOS

Cape Town – And the casino industry’s biggest winner for the 2016/17 tax year is [insert drum roll here please…] the taxman! The 11th annual survey from the Casino Association of South Africa (CASA), which was released on Wednesday, found that the South African Receiver of Revenue scooped up 36 percent of gross gambling revenues […]

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25 Nov 2016 Tsogo Sun Holdings

MARKET WATCH: TREMATON – TAKING THE MONEY

Gaming and hotel group Tsogo Sun has finally bought investment firm Trematon’s 26.9% stake in the Mykonos casino in Langebaan, on the West Coast. Though it is one of SA’s smallest casinos, there are punters who believe Mykonos would be the obvious candidate if the Western Cape government allows an existing casino licence to be […]

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23 Nov 2016 Tsogo Sun Holdings

TSOGO SUN TO BUY MORE UK HOTELS, OUTLOOK TOUGHT ELSEWHERE

outh Africa’s Tsogo Sun Holdings Ltd plans to buy more hotels in the United Kingdom where it is performing well and weakness in the pound has made assets much more affordable, it said on Wednesday, after reporting flat half-year profit. Africa’s biggest hotels and gambling operator, which also has interests in Nigeria, Kenya and Mozambique, […]

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23 Nov 2016 Niveus Investments

NIVEUS NARROWS ITS INTERIM LOSS

Niveus, the gambling and liquor interests unbundled from Hosken Consolidated Investments in 2012, narrowed its interim loss to R6m, a fifth of the matching period’s R34m net loss. The group sold its 57% stake in wine and brandy producer KWV for R1.15bn in May, less than its book value of R1.7bn, contributing to a R71m […]

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14 Nov 2016 Tsogo Sun Holdings

TREMATON TO SELL WEST COAST LEISURE STAKE TO TSOGO SUN FOR R190m

JOHANNESBURG – South Africa’s Trematon Capital Investments said on Monday it will dispose of its 29.64% stake in West Coast Leisure Proprietary to Tsogo Sun for R190 million ($13 million). Shares in Trematon rose 6.90% to R3.10, while shares in Tsogo Sun were up 1.99% to R28.70 at the close. The company said it will […]

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10 Nov 2016 Transport

GOLDEN ARROW GETS SMART

ICONIC Cape Town passenger transport company Golden Arrow Bus Services (GABS) is cutting down risks of traveling with cash onboard.In terms of key strategic imperatives GABS has deemed the handling of cash as a method of payment on buses, kiosks and at depots a “high riskfactor” in the company’s business model. Consequently, the company has […]

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10 Nov 2016 Tsogo Sun Holdings

TSOGO SUN SET TO TRANSFER THREE HOTELS INTO SUBSIDIARY

JSE-listed gaming and leisure group Tsogo Sun is due to transfer more hotels into its subsidiary, Hospitality Property Fund, in a move that would boost its assets base. Tsogo owns three Sandton-based hotels in a joint venture with the Liberty group and is looking to move these properties into Hospitality, the only hotel-focused real estate […]

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2 Nov 2016 General

SHARP FOCUS ON HUGE HCI DISCOUNT

The sizeable discount the market places on the sum-of-the-parts (SOTP) value of Hosken Consolidated Investments (HCI) was the big discussion point at the empowerment company’s annual general meeting on Tuesday. HCI is anchored by its controlling stake in gaming and hotel group Tsogo Sun but also holds influential stakes in alternative gaming group Niveus, industrial […]

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