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2016  // Posts published in 2016

25 May 2016 Uncategorized

REVIEWED PROVISIONAL CONSOLIDATED RESULTS FOR THE YEAR ENDED 31 MARCH 2016

Please review pdf on home page Thank you

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25 May 2016 Tsogo Sun Holdings

PAYOUT TO TSOGO SUN SHAREHOLDERS UP 12% PER SHARE

THE payout to shareholders of casino group Tsogo Sun came to 67c per share for the year to end-March, a 12% increase on the previous year. Tsogo Sun reported on Wednesday it grew income by 8% to R12.3bn and after tax profit by 6% to R1.8bn. Nearly 60% of the group’s revenue came from what […]

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24 May 2016 General

HOSKEN CONSOLIDATED INVESTMENTS WARNS OF FALL IN EARNINGS PER SHARE

BLACK empowerment investment holding company, Hosken Consolidated Investments (HCI), expects its earnings per share to have fallen between 65.2% and 75.2% when it reports its financial results for the year to March 31 2016. The company advised shareholders on Monday it was likely to report basic earnings per share of between 1,169.8c and 833.6c, compared […]

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24 May 2016 Media & Broadcasting

e.TV PARENTS EARNINGS SLUMP

eMedia Holdings, the parent company of free-to-air broadcaster e.tv and 24-hour news channel eNCA, has warned that its profits will nosedive in the year ended 31 March 2016. eMedia Holdings, the parent company of free-to-air broadcaster e.tv and 24-hour news channel eNCA, among other media assets, has warned that its profits will nosedive in the […]

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23 May 2016 SENS Announcements

TRADING STATEMENT

In terms of section 3.4 (b) of the JSE Limited Listings Requirements, companies are required to publish a trading statement as soon as they are reasonably certain that the financial results for the current reporting period will be more than 20% different than that of the previous corresponding period. Shareholders are hereby advised that a […]

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16 May 2016 KWV Holdings

FORMER WHYTE & MACKAY OWNER BUYS INTO KWV

Vasari Global, an investment group run by a former Whyte & Mackay CEO, is set to buy a controlling share of South African wine and spirits maker KWV. It was confirmed last week that Vasari would acquire the operational assets of KWV – amounting to 57% of the company – from current owner, Hosken Consolidated […]

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16 May 2016 Tsogo Sun Holdings

HOSPITALITY TAKEOVER WINS APPROVAL WITH TERMS

THE takeover of hotel-focused property fund Hospitality by Southern Sun Hotels has been approved by SA’s competition authorities, with conditions. The commission’s concern is that Southern Sun will gain access to competitively sensitive information through the deal in its current form. Hospitality’s shareholders last month voted in favour of a new capital structure and a […]

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12 May 2016 KWV Holdings

HOSKEN DISPOSES OF MOST OF KWV ASSETS TO DRINKS INDUSTRY VETERAN

THE operational assets of iconic liquor business KWV Holdings — controlled by empowerment giant Hosken Consolidated Investments (HCI) — is to be sold for R1.15bn to a firm aligned to entrepreneur Vivian Imerman, it was confirmed on Wednesday. Business Day speculated about the possibility of such a deal last month, after KWV issued a cautionary […]

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NIVEUS PLANS TO SELL ITS STAKE IN KWV FOR R1.15bn

NIVEUS Investments said on Wednesday it plans to sell its 57.13% stake in wine and spirit maker, KWV Holdings, for an initial R1.15bn. KWV sources wines and grapes from the viticultural regions of SA. In addition, it owns several brands such as Roodeberg and KWV Wines. The deal, which is subject to the fulfillment of […]

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29 Apr 2016 General

COPELYN TAKES BET ON HCI’S AUSTRALIAN ASSET

JOHNNY Copelyn, the former trade unionist turned prime mover at empowerment investment giant Hosken Consolidated Investments (HCI), is taking a R325m bet on Australia. A transaction announced on Thursday proposes that Mr Copelyn — through corporate entity Rivetprops — swap a portion of his HCI shareholding for the company’s entire shareholding in HCI Australia, which […]

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