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Historic Investments  // Browsing posts in Historic Investments

23 Aug 2007 Historic Investments

NOAH’S PROPOSITION

Filling the gap on independent sectoral research Several years ago Raymond Ndlovu and Kevin Swart decided to start a business aimed specifically at making a positive contribution to the rebirth and future prosperity of both South Africa and the broader African landscape. The result, in 2003 in Johannesburg, was Noah Financial innovation, a stockbroking firm […]

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CLOVER IS REAPING THE REWARDS OF A STRATEGY TO COMMERCIALISE

Privately owned Clover Industries is reaping the rewards of a strategy to commercialise what was once a dairy farmer co-operative, according to an analyst. Alistair Lea, a portfolio manager at Coronation Asset Managers, said the dairy producer had gone from a loss of R28 million in 2005 to a profit of R84 million last year. […]

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16 Nov 2006 Historic Investments

MILKING THE SUPPLIER FOR MARGIN

Corporate action pending with diversification from dairy likely DAIRY PRODUCTS GROUP Clover Industries – which delivered on its promise of a strong turnaround in the year to end-June – seems set to pursue acquisitions in the months ahead that will lessen its dependence on milk-based products. Unlisted Clover, which boasts empowerment investor Hosken Consolidated Investments […]

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DAIRY FARMER’S BATTLE WITH CLOVER IS A SIGN OF THE TIMES

The post-1994 South Aftrica does throw up some strange situations. Take, for instance, the latest battle undertaken by Clover Industries’ action committee, which appears to be in some way related to Solidarity, the very active trade union group. Solidarity, whose driving force is the extremely energetic Dirk Hermann, recently sent out a media statement on […]

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24 Mar 2006 Historic Investments

CLOVER’S NEW BROOM

Johann Vorster has recently taken over as CEO of the Clover Group, SA’s largest dairy producer with a turnover in excess of R4.5 billion and about 6300 employees. he spoke to Chris Louw about the challenges that lie ahead. CLOVER has come a long way since it was transformed from the National Cooperative Dairies Limited […]

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18 Jan 2006 Historic Investments

IQ BUSINESS SELLS 31.2% BEE STAKE

Consortium leaders include Cheryl Carolus and Herman Mashaba IQ Business Group had sold a 31.2 percent stake to a black empowerment consortium for an undisclosed amount, the unlisted technology company said yesterday. The consortium includes businessman Herman Mashaba and former ambassador to the UK Cheryl Carolus. IQ Business, which last year bought out its shareholders […]

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30 Nov 2005 Historic Investments

CLOVER SMELT BESLIS NIE

HCI-aandeelhouersverseker groep is reeds winsgewend. Clover is (vanaf l Julie) reeds winsgewend.” So verseker mnr. Robert Wesseloo, uittredende uitvoerende hoof van die suiwelgroep, die aandeelhouers van Hosken Consolidated Investment (HCI) nadat Clover ‘n toeskryfbare verlies van R38 miljoen in die jaar tot einde Junie gelei het. CI besit 25,1% van die totale uitgereikte gewone aandelekapitaal […]

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CLOVER SE LEDE STEM TEN GUSTE VAN SEB-TRANSAKSIE

In ‘n swart bemagtigingstransaksie het Hoskens Consolidated Investments (HCI) ‘n belang van 25,1 % (met `n beleggingswaarde van R91,8 miljoen) in Clover Industries Bpk. (CIL) verkry. Clover se produsentelede het met die nodige 75 % meerderheidstem hierdie transaksie gesteun ten spyte van die Clover Produsente Aksiekomitee (Pakom) se aanmoediging vir ‘n teenstem. Volgens Pakom is […]

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22 Sep 2005 Historic Investments

HCI IN CLOVER

Shareholders of South Africa’s largest dairy group, Clover Industries, have approved an agreement with empowerment group Hosken Consolidated Investments (HCI) in which HCI will acquire a 25,1-percent interest in Clover for a total value of R91,8 million. Source: Sowetan – I-net Bridge

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21 Sep 2005 Historic Investments

CLOVER ANNOUNCE HOSKEN CONSOLIDATED INVESTMENTS (HCI) EMPOWERMENT PARTNERSHIP

In a formal statement issued by Clover and Hosken Consolidated investments (HCI), both groups confirmed their partnership as official. Clover Industries Limited (CIL) ordinary shareholders have approved the amendment of the Statutes and the Memorandum of Association of the company and approved the subscription agreement with HCI. In terms of the deal, HCI will subscribe […]

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