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2016  // Posts published in 2016

28 Apr 2016 SENS Announcements

PROPOSED SPECIFIC REPURCHASE OF HCI SHARES

1. INTRODUCTION HCI has concluded agreements (“Repurchase Agreements”) with entities related and/or associated to certain directors of HCI and its subsidiary companies, and the Southern African Clothing and Textile Workers’ Union (“SACTWU”) (“the Parties”) in terms of which HCI (and, in relation to the shares held by SACTWU, HCI’s wholly-owned subsidiary, Squirewood Investments 64 Proprietary […]

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26 Apr 2016 Tsogo Sun Holdings

TSOGO SUN GETS NOD FOR SUN INTERNATIONAL CASINO STAKES

SUN International and Tsogo Sun, SA’s largest hotel and gaming companies, have passed the first hurdle in a casino reshuffle that will see Tsogo acquire a 20% stake in two casinos in the Western Cape. Sun International said on Monday that shareholders of its employee trust scheme had approved the transaction, clearing the way for […]

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20 Apr 2016 KWV Holdings

CAUTIONARIES SPARK TALK THAT HCI MAY OFFLOAD KWV

Rumours are swirling that empowerment conglomerate Hosken Consolidated Investments (HCI) could sell its controlling stake in wine and brandy producer KWV Holdings to “the man from Del Monte”. Market talk is that well-known business personality Vivian Imerman — who headed JSE-listed food conglomerate Del Monte in the 1980s and 1990s — is driving negotiations with […]

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20 Apr 2016 Tsogo Sun Holdings

HOSPITALITY OFFERS TSOGO REIT BENEFIT

GAMING and leisure group Tsogo Sun is set to gain the income benefits of having a portion of its hotel assets in a real estate investment trust (Reit) structure when it gains control of Hospitality Property Fund. Reits must pay out the greater part of their income to shareholders on a regular basis. Having listed […]

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7 Apr 2016 Tsogo Sun Holdings

HOSPITALITY GREEN LIGHT MOOTED OVER TSOGO SHARE DEAL

According to BusinessDay hospitality Property Fund (HPF)’s shareholders are likely tomorrow to vote in favour of a new capital structure and a share deal that would see it become the hotel arm of gaming and leisure group Tsogo Sun. Hospitality’s A and B share structure, which was developed to offer different risks and rewards to […]

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e.tv TELLS COMMUNICATIONS BODY IDEA OF ‘PRIME-TIME’NEWS BULLETIN IS ANTIQUATED

FREE-to-air television channel e.tv has submitted an application for the amendment of its individual broadcasting licence to the Independent Communications Authority of SA (Icasa). The channel wants the regulator to allow it to broadcast its current 6.30pm eNews Direct bulletin outside of prime time. Under its current licence conditions, the channel — owned by eMedia […]

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e.tv IN BID TO DUMP PRIME-TIME NEWS

FREE-to-air broadcaster e.tv has submitted an application to the Independent Communications Authority of SA (Icasa) to allow it to bump news broadcasting out of its prime-time schedule. The channel wants to broadcast its 6.30pm eNews Direct bulletin during off-peak times instead.   According to its current licence conditions, the channel is required to broadcast at […]

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e.tv PLANS TO PULL NEWS FROM PRIME TIME IN EXCHANGE FOR POULAR SHOWS

eTV plans to pull news from prime time in exchange for popular shows Free-to-air private broadcaster eTV plans to dump their prime-time 6.30pm English news bulletin to make way for profitable programmes. The media firm says it wants to move bankable television shows to the premium time-slot. Programming expert Willington Radu says the time change […]

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5 Apr 2016 Tsogo Sun Holdings

TSOGO SUN AND SUN INTERNATIONAL CONSIDER NEW WESTERN CAPE CASINO DEAL

South African gambling operators Tsogo Sun and Sun International have revived plans for Western Cape casino ownership reshuffle. Tsogo Sun has revealed that it would buy a 20% stake in two Sun International subsidiaries that operate casinos in the Western Cape. Last summer, the two companies canceled a deal, under the terms of which Tsogo […]

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31 Mar 2016 SENS Announcements

CHANGE TO THE BOARD OF DIRECTORS

In accordance with Section 3.59 of the JSE Limited Listings requirements, HCI shareholders are advised that the following change has been made to the composition of the HCI Board of Directors: Mr Leslie Maasdorp has resigned as a director of HCI and member of the audit committee with immediate effect due to his relocation to […]

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