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2016  // Posts published in 2016

1 Jun 2016 KWV Holdings

VASARI HAS BIG AMBITIONS FOR KWV

THE new controlling shareholder of liquor group KWV Holdings will have its work cut out to fortify profits in the brandy sector. Last month, Vivian Imerman’s Vasari proposed a more than R1.1bn deal to buy out the operating assets of KWV, which is controlled by Hosken Consolidated Investments-aligned Niveus Investments. The deal is still to […]

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31 May 2016 Media & Broadcasting

e.TV WINS COURT APPEAL OVER ENCRYPTION

The judgment threatens to again throw South Africa’s digital migration programme into disarray. E.tv has won the latest battle in the long-running war over digital terrestrial television in South Africa, potentially throwing the long-delayed project off-track once again. The supreme court of appeal on Tuesday found that an amendment in 2015 by communications minister Faith […]

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31 May 2016 Media & Broadcasting

e.TV WINS APPEAL AGAINST DIGITAL MIGRATION POLICY

Supreme Court of Appeal found new digital migration policy ‘irrational’. Free to air broadcaster e.tv has won its appeal against minister of communications Faith Muthambi’s controversial digital migration policy. The Supreme Court of Appeal (SCA) found on Tuesday that Muthambi’s amendment of the policy “did not achieve its purpose and was thus irrational and invalid” […]

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31 May 2016 Media & Broadcasting

e.TV WINS DECODER ENCRYPTION CASE

The Supreme Court of Appeals (SCA) has ruled in favour of Etv and declared the Department of Communications’ (DOC’s) “digital migration policy unlawful and invalid and is accordingly set aside”. Etv took DOC minister Faith Muthambi to court over the use of unencrypted set-top boxes (STBs) for when the country finally migrates from analogue to […]

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26 May 2016 Tsogo Sun Holdings

TSOGO SUN RALLIES ON INCREASED TOURISM

Johannesburg – Tsogo Sun’s shares leapt 5.75 percent to R26.50 yesterday after the hotels and gambling operator said its annual profit rose 12 percent on increased tourism to South Africa. Headline earnings per share rose 12 percent to 196.5c in the year to March, from 175c a year earlier. The group declared a final dividend […]

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26 May 2016 Tsogo Sun Holdings

TSOGO RIDES CASINO WAVE AT SUNCOAST

RESULTS from Tsogo Sun, the casino and hotels group controlled by empowerment giant Hosken Consolidated Investments (HCI), suggests the tables are turning for the local casino sector. On Wednesday Tsogo, owner of Montecasino in Johannesburg and SunCoast in Durban, reported a stronger second-half showing from its portfolio of casino properties, with revenue up 7% to […]

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26 May 2016 Media & Broadcasting

HOLDING COMPANY OF e.TV FALLS INTO LOSS

EMEDIA, the recently created JSE-listed holding company of television station e.tv, fell into a loss of R88.8m from the previous year’s R152m profit. The group, part of the Hosken Consolidated Investment (HCI) stable, which released results on Wednesday afternoon, reported a 1.7% growth in revenue to R2.4bn for the year to end-March. “The core asset, […]

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25 May 2016 Tsogo Sun Holdings

TSOGO SUN POSTS 12% RISE IN PROFITS

Johannesburg – Africa’s biggest hotels and gambling operator, Tsogo Sun, said a recovery in its home market of South Africa in the last three months helped it achieve a 12 percent rise in full-year profit. The company, which also operates hotels in Nigeria, Kenya and Mozambique, said headline earnings per share (EPS) came in at […]

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25 May 2016 Niveus Investments

NIVEUS DECLARES TOTAL DIVIDEND FOR YEAR TO MARCH OF 17c

NIVEUS, the former gambling and alcohol interests of Hosken Consolidated Investments unbundled into a separate JSE-listing four years ago, cut its final dividend 17%. In a results statement released on Wednesday, Niveus declared a final dividend of 10c, down from 12c the previous year. Added to its 7c interim dividend, the total dividend for the […]

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25 May 2016 Media & Broadcasting

OPENVIEW HD SUBSCRIBER NUMBERS SOAR

After a rocky start, commercial free-to-air satellite broadcaster OpenView HD, a sister company of e.tv, is adding subscribers at a remarkable rate of knots, though revenues are proving elusive. After a rocky start, commercial free-to-air satellite broadcaster OpenView HD, a sister company of e.tv, is adding subscribers at a remarkable rate of knots, though revenues […]

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