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2017  // Posts published in 2017

TV ENCRYPTION: MUTHAMBI WINS CONCOURT BATTLE

Former communications minister Faith Muthambi has won a constitutional court battle against e.tv over encryption in set-top boxes for digital terrestrial television. The minister, who was shifted out of the communications portfolio at the end of March when President Jacob Zuma reshuffled his cabinet, had challenged a supreme court of appeal judgment in favour of […]

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1 Jun 2017 General

HCI: DEALS, DEBT AND DIVIDENDS

Though the diversified company is cash constrained, jittery investors can take heart from its sensible approach Hosken Consolidated Investments (HCI) needs to be regarded a little differently from the JSE’s other large diversified investment counters. Unlike Remgro, PSG, Brait, Brimstone, AEEI and even recently listed Universal Partners and Long4Life, there is a substantial dollop of […]

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1 Jun 2017 Tsogo Sun Holdings

TSOGO SUN TO LOSE MARCEL VON AULOCK

Tsogo Sun’s Marcel von Aulock is leaving the gaming and leisure group after 20 years. Von Aulock said he had achieved various goals in the business and he needed a break before starting another career. Speculation is, however, that he has suddenly resigned because of differences with Tsogo’s parent company, Hosken Consolidated Investments, over an […]

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25 May 2017 Niveus Investments

KWV: MINORITIES’ TRUE-VALUE WORRIES

Shareholders are concerned about Niveus’s intentions around the cash, property and art from KWV’s asset sale to Vasari It didn’t last long. Just six months after KWV’s operating assets were sold to Vivian Imerman’s Vasari group, hostilities have broken out again between management and some of the minority shareholders. Leading the charge once more on […]

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25 May 2017 Media & Broadcasting

TELEVISION PLATFORM OpenViewHD WEIGHS ON on eMEDIA

The free digital satellite platform doubles its set-top boxes activations OpenViewHD, which provides free digital satellite TV channels, has more than doubled its set-top boxes activations to 778,160 in the year to March. The platform, which is owned by listed media group eMedia, offers a variety of entertainment channels and lifestyle programmes with no monthly […]

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25 May 2017 Media & Broadcasting

TELEVISION PLATFORM OpenViewHD WEIGHS ON eMEDIA

The free digital satellite platform doubles its set-top boxes activations. OpenViewHD, which provides free digital satellite TV channels, has more than doubled its set-top boxes activations to 778,160 in the year to March. The platform, which is owned by listed media group eMedia, offers a variety of entertainment channels and lifestyle programmes with no monthly […]

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25 May 2017 Tsogo Sun Holdings

HOSPITALITY IN R1.8bn RIGHTS OFFER

Pretoria – Listed Hospitality Property Fund is planning to undertake a fully underwritten rights offer to raise R1.8 billion to partially settle the cash portion of its planned acquisition of a portfolio of 29 established hotel properties from Tsogo Sun. The purchase consideration for this transaction, which the fund announced last week, would be settled […]

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25 May 2017 Tsogo Sun Holdings

TSOGO SUN SET TO EXPAND IN KZN

Durban – South African hotel, gaming and entertainment group, Tsogo Sun, said on Wednesday that it was going to spend an additional R1.3 billion to expand the Suncoast Casino and Entertainment World in KwaZulu-Natal. The overall project cost is R1.6 billion. The construction commenced in 2016, but was later interrupted and was stopped due to […]

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24 May 2017 Tsogo Sun Holdings

TSOGO BUOYED BY PROFIT RISE

Cape Town – South African hotel, gaming and entertainment group, Tsogo Sun says it expects to complete the building of its 125 room Stay Easy hotel in Maputo in the current financial year for $16 million as it is buoyed by a 6 percent rise in profits for the year ended March. The company says, […]

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24 May 2017 Media & Broadcasting

e.TV’S HOLDING COMPANY SWINGS INTO PROFIT

The woes of its state-owned competitor SABC appear to have helped private-sector broadcaster e.tv swing to profit in year to end-March. Its holding company, eMedia, reported a profit of R161m from the R89m loss it reported in its first results as an independently listed company in 2016. Income grew 7% to R2.6bn, which the company […]

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