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General  // Browsing posts in General

30 Oct 2014 General

HCI: A VERY UNUSUAL AGM

A little more governance, fewer tears perhaps? If anyone was expecting public sparks to fly at the HCI AGM, they would have been disappointed. Sense came to the party as the two protagonists in the boardroom drama, which has damaged both corporate and personal reputations, attempted to put a dignified face on their battle and […]

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30 Oct 2014 General

HCI: A VERY UNUSUAL AGM

A little more governance, fewer tears perhaps? If anyone was expecting public sparks to fly at the HCI AGM, they would have been disappointed. Sense came to the party as the two protagonists in the boardroom drama, which has damaged both corporate and personal reputations, attempted to put a dignified face on their battle and […]

Read more...

27 Oct 2014 General

MARCEL GOLDING RESIGNS FROM e.tv

After losing an urgent court application to halt a disciplinary action case on Monday, it emerged that Golding resigned on Sunday. Marcel Golding on Sunday resigned as executive chairperson of Hosken Consolidated Investments (HCI), as well as its subsidiary Sabido and broadcaster e.tv. He was informed on Monday that he had lost his bid in […]

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22 Oct 2014 General

HOSKEN SUSPENDS CHAIRMAN GOLDING FOLLOWING MISCONDUCT CHARGE

Golding has started legal proceedings to block his suspension and the hearing. Hosken Consolidated Investments, a South African black-empowerment investment company, suspended Executive Chairman Marcel Golding pending a disciplinary hearing into allegations of gross misconduct. The charges were “found to be of a very serious nature warranting disciplinary action,” the Cape Town-based company said in […]

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5 Jun 2014 General

HCI WON’T CONSIDER BUYING TSOGO SUN STAKE

After SABMiller reviewed its stake in the hotel group. Hosken Consolidated Investments, the largest shareholder in South African hotel and casino operator Tsogo Sun Holdings, isn’t seeking to buy SABMiller Plc’s $1 billion stake in the company. The brewer said in April that it’s considering options for its 39.6% stake in Johannesburg-based Tsogo as the […]

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5 Jun 2014 General

HOSKEN CONSOLIDATED INVESTMENTS: TSOGO SUN BUYOUT ‘NOT IN SIGHTS’

Hosken Consolidated Investments (HCI), the largest shareholder in hotel and casino operator Tsogo Sun Holdings, was not seeking to buy SABMiller’s R13 billion stake in the company, HCI said yesterday. Buying the shares would be “a very, very big decision for us and it is certainly not something we could fund out of the current […]

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23 May 2014 General

BRIEF-HOSKEN CONSOLIDATED INVESTMENTS HEPS UP 10 PCT TO 946,23 CENTS

Fy group income up 24.9 percent to R9 201,3 million * Inventory increased by R163 million trade and other receivables decreased by R163 million, * Fy revenue increased by R58 million, expenses increased by R58 million * Headline eps up 10 percent to 946,23 cents * Headline eps from continuing operations up 13.2 percent to […]

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1 May 2014 General

HCI STEPPING ON THE GAS

In line with its ambition to continually release value to shareholders, Hosken Consolidated Investments is further restructuring its diverse portfolio. The company recently announced it would list Montauk Energy, a renewable energy company based in the US, by listing its operating entity HCI International on the JSE later this year. This will be HCI’s third […]

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29 Apr 2014 General

BRIEF – SEARDEL INVESTMENT SAYS 4 bln RAND RIGHTS OFFER FULLY UNDERWRITTEN

* Seardel shareholders and their renouncees applied for 380 447 662 rights offer shares (12,2% of rights offer shares); * Excess applications were received for 11 247 493 rights offer shares (0,3% of rights offer shares) * 2 733 304 845 rights offer shares (87,5% of rights offer shares) were allotted to underwriter, HCI Invest […]

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24 Mar 2014 General

HOSKEN SAYS INTEND TO LIST MONTAUK ON JSE

(Reuters) – Hosken Consolidated Investments Ltd : * Says intention to list Montauk on the JSE and the unbundling of HCI’s interest to HCI shareholders * Says it is expected that the Montauk listing will take place in the second half of 2014 * No intention to raise fresh capital on listing as HCI International […]

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