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2017  // Posts published in 2017

HOSKEN, TSOGO DEALS HEATS UP

Johannesburg – Empowerment conglomerate Hosken Consolidated Investment (HCI) on Tuesday said it was a step closer to consolidating its gaming assets under Tsogo Sun in a R2.1 billion deal that would see the hotel and entertainment group take over Niveus Investments gaming machine and bingo hall businesses. The deal would see Tsogo acquire all Niveus […]

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NIVEUS WINS WIDER TERMS FROM TSOGO

Casino group gives more options to minorities in gaming asset buyout. Casino group Tsogo Sun and Niveus Investments, both controlled by Hosken Consolidated Investments (HCI), decided on Tuesday to rejig the terms of a recent R4.6bn transaction involving alternative gaming assets. In late 2016, Niveus accepted a scrip-based offer for its limited payout machine (LPM) […]

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14 Mar 2017 Uncategorized

FURTHER ANNOUNCEMENT ON THE RESTRUCTURE OF HCI’s GAMING BUSINESSES

Shareholders are referred to the announcement released on the Stock Exchange News Service of the JSE (“SENS”) by HCI on 14 December 2016 (“Initial Announcement”), in which HCI announced its intention to consolidate its gaming interests under Tsogo Sun Holdings Limited (“Tsogo”). The consolidation of HCI’s gaming interests consisted of the sale by Niveus Investments […]

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6 Mar 2017 Tsogo Sun Holdings

TSOGO SUN’S NEW DUAL-BRAND HOTEL DEVELOPMENT ENTERING INTO ITS FINAL STAGES

Tsogo Sun’s new dual-brand 19-story hotel development in Cape Town is entering its final stages with construction expected to be completed by September 2017. The two hotels will add 504 rooms to the Cape Town tourism market. Constructed at a cost of R700 million, the development – which consists of the SunSquare Cape Town City […]

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27 Feb 2017 Uncategorized

ACQUISITION OF HCI SHARES BY DIRECTORS PURSUANT TO THE EXERCISE AND NET SETTLEMENT OF SHARE OPTIONS

In compliance with Rules 3.63 – 3.74 of the JSE Limited Listing Requirements the following information regarding the off-market acquisition of HCI shares by directors pursuant to the exercise and net settlement of share options previously granted in terms of the HCI Employee Share Scheme is disclosed: Director : Mr J A Copelyn Designation : […]

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23 Feb 2017 Niveus Investments

CASINO RE-SHUFFLE

Interests in the Western Cape gaming market have been re-shuffled with casino and hotel giant Tsogo Sun significantly strengthening its hand. At the end of 2017 investment company, Trematon proposed selling its 29.64% shareholding in West Coast Leisure to Tsogo Sun – controlled by Cape Town-based empowerment company Hosken Consolidated Investments (HCI) – for R190m. […]

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21 Feb 2017 Media & Broadcasting

eTV IN COURT TO FIGHT DStv OVER UNENCRYPTED DIGITAL TV SYSTEM

eTV and several NGOs say DStv is wrong to try and force SA to use an unencrypted digital terrestrial television system. JOHANNESBURG – eTV and several NGOs will on Tuesday morning tell the Constitutional Court that Communications Minister Faith Muthambi and DStv are wrong to try and force the country to use an unencrypted digital […]

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21 Feb 2017 Media & Broadcasting

ENCRYPTION THE WAY TO GO, SAYS e.tv AS IT OPPOSED MUTHAMBI’S POLICY ON DIGITAL MIGRATION

Free-to-air broadcaster e.tv believes having the ability to broadcast encrypted signals is fundamentally important to its business‚ the Constitutional Court heard on Tuesday. E.tv was opposing consolidated applications for leave to appeal by Minister of Communications Faith Muthambi‚ the South African Broadcasting Corporation and Electronic Media Network (M-Net) against a Supreme Court of Appeal judgment […]

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15 Feb 2017 Media & Broadcasting

ICASA: e.tv CAN’T DUMP NEWS FROM PRIME TIME

Cape Town – South Africa’s broadcasting regulator has ordered e.tv to continue to do TV news bulletins during prime time and denied the commercial free-to-air broadcaster’s application for a change to its licence conditions to dump doing TV news when most South Africans are able to watch. The Independent Communications Authority of South Africa (Icasa) […]

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15 Feb 2017 Media & Broadcasting

E.tv TOLD IT MUST BROADCAST NEWS BULLETIN DURING PRIME TIME

E.tv says it is disappointed about Icasa’s decision as the broadcaster is trying to better serve to its viewers’ changing needs. The Independent Communications Authority of SA (Icasa) has turned down e.tv’s application to move a news bulletin outside prime time. E.tv made the application in 2016 in response to the changing viewership patterns. E.tv’s […]

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