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2016  // Posts published in 2016

11 Aug 2016 Tsogo Sun Holdings

TRIBUNAL APPROVES SOUTHERN SUN, HOSPITALITY PROPERTY MERGER WITH CONDITIONS

The Competition Tribunal has approved the merger between Southern Sun Hotels and the Hospitality Property Fund, subject to conditions related to potential information exchange. Tsogo Sun Holdings, which owns Southern Sun, will acquire a 50.6% controlling stake in Hospitality by vending a portfolio of ten hotel properties into Hospitality in exchange for Hospitality shares. Southern […]

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1 Aug 2016 KWV Holdings

KWV TO WEIGH OPTIONS AFTER ASSET SALE

SHAREHOLDERS in unlisted liquor group KWV Holdings will not taste a rich special dividend anytime soon. At a meeting on Friday, shareholders approved proposals to sell KWV’s operating assets to international businessman Vivian Imerman’s Vasari group for R1.15bn. Former stockbroker Greg Blank, shareholder activist Chris Logan and former KWV CEO Thys Loubser were some of […]

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29 Jul 2016 KWV Holdings

COMPANY COMMENT : KWV

MINORITY shareholders in unlisted KWV Holdings will hope Friday’s shareholder meeting provides clarity on the Paarl-based liquor company’s intentions for the R1.1bn offered in the sale of its operating assets to Vivian Imerman’s Vasari. Vasari will pay off the purchase price in equal instalments over 36 months. In the meantime, KWV will be left clutching […]

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29 Jul 2016 General

HCI DISPELS LINGERING PRECEPTIONS

Last week’s general meeting of empowerment conglomerate Hosken Consolidated Investments (HCI), convened to vote on a specific share repurchase proposal, could have been subtitled “Perceptions and Reality”. Events certainly reinforce the notion that more shareholders should make an effort to attend AGMs and company meetings. As it turned out, only a handful of shareholders attended […]

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18 Jul 2016 Tsogo Sun Holdings

TSOGO WAITS ON SOUTH AFRICA REBOUND WHILE EXPANDING CASINOS

Gaming, hotels operator invests in home market refurbishments CEO says company unlikely to seek international gaming sites Tsogo Sun Holdings Ltd. is positioning itself for an economic rebound in South Africa as the continent’s largest gaming and hotels company upgrades casinos in its core market. While there’s enough gambling space to meet demand at present, […]

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8 Jul 2016 KWV Holdings

KWV WINS ‘WORLD’S BEST PRODUCER’ TROPHY AND ‘WORLD’S BEST BRANDY’ AT ISC

KWV won the prestigious title of World’s Best Brandy/Cognac Producer for the second year and World’s Best Brandy for its KWV15, beating Cognacs and brandies from 70 countries at the 2016 International Spirit Challenge (ISC) awards function in London last night. KWV is the only producer to ever win the coveted Best Producer title twice […]

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8 Jul 2016 KWV Holdings

MARKET WATCH : KWV

It’s been six weeks since long-suffering shareholders of KWV Holdings toasted proposals to uncork the rich asset values of the Paarl-based liquor company. But this week shareholders perusing the circular outlining Vasari Global’s R1.1bn offer for KWV’s operating assets would have sobered up smartly. The circular makes provision for any dissenting KWV shareholders to exercise […]

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BOOT CAMP FOR ARTS ACADEMY CHILDREN FOCUSES ON JOB READINESS

BLUE HILLS – Some of the youths prepared for their futures at a recent boot camp. A youth development programme saw a fresh approach as fun elements of the arts were used to impart essential life skills to disadvantaged youth. The programme was beneficial to some pupils of Diepsloot at a week-long Tsogo Sun Arts […]

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4 Jul 2016 KWV Holdings

MINORITIES COULD THWART R1.15BN KWV DEAL

THERE might be an unexpected twist to a R1.15bn deal proposing the sale of liquor group KWV Holdings’ operating assets to Vasari Global, an international company aligned to consumer goods magnate Vivian Imerman. If a large number of minority shareholders attempt to exit KWV at a fair value price through an appraisal rights option, there […]

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1 Jul 2016 General

INVESTMENT BRIEFS: ALL SEWN UP

All sewn up Whatever is the investment arm of the SA Clothing & Textile Workers Union (Sactwu) up to? Sactwu is the biggest shareholder in Hosken Consolidated Investments but has lately shown a distinct lack of appetite for certain of the subsidiaries and offshoots of the empowerment investment giant. In 2014 Sactwu sold out of […]

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