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General  // Browsing posts in General

17 May 2012 General

HCI REPORTS INCREASED REVENUE

Investment holding company Hosken Consolidated Investments has reported a 13.2% increase in revenue to R7.09 billion for the year ended March 31. Operating profit was up 17% to R1.12 billion. Headline earnings per share gained 40.1% to 776.97 cents. The directors of HCI resolved to declare ordinary dividend number 45 of 70 cents (gross) per […]

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1 Mar 2012 General

INTRIGUING CAPE BEE DEALS

CAPE-based BEE contenders have started 2012 with a flourish with a number of intriguing deals both proposed and clinched. The biggest surprise was Brimstone’s endeavours in doubling their stake in Tiger Brands controlled fishing company Oceana Group. Most observers might have bet on Brimstone, already a small empowerment participant at Tiger Brands, building its fishing […]

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19 Jan 2012 General

ON THE SHELF FOR TWELVE

LAST year business in the Cape could not have drawn to a close on a more intriguing note with so many segments of the local economy poised for significant events. Perhaps it is events in Euroland that have prompted the captains of industry to hasten corporate activity to shore up businesses in case of a […]

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8 Dec 2011 General

BOLD MOVE AS VAVI GETS TOP IDC POST

N A move likely to raise eyebrows in the labour movement, Cosatu general secretary Zwelinzima Vavi has been appointed to a top position at the Industrial Development Corporation. The appointment was made by Economic Development Minister Ebrahim Patel, a former general secretary of the SA Clothing and Textile Workers Union – a Cosatu affiliate. Vavi […]

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17 Nov 2011 General

HOSKEN FIRST HALF EARNINGS UP 32%

Investment holding company Hosken Consolidated Investments on Thursday announced a 32% increase in headline earnings per share of 299.51c for the six months ended September 30. Earnings per share were up 38% to 321.35c. HCI said its directors had resolved to declare ordinary dividend number 44 of 20c per HCI share. Revenue increased 15.5% to […]

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3 Nov 2011 General

NO NEED TO GET RESTLESS

One might have expected a fairly strong turnout of shareholders at the AGM of a R10bn empowerment investment company. The FM counted three shareholders at last week’s AGM of Hosken Consolidated Investments (HCI) — including representatives from Element Asset Management, which surely can’t be the only institutional investor in the company. Brimstone and Grand Parade […]

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12 Nov 2010 General

HCI’S GOLDING AND COPELYN TAKE TOP ENTREPENEUR AWARD

Entrepreneurs are defined as optimistic, having the ability to spot opportunities, inspiring and driving positive change and most importantly they are innovative, which is the key ingredient in maintaining a competitive edge in an increasingly globalised world economy. Demonstrating these qualities are the winners in the Ernst & Young SA chapter of the World Entrepreneur […]

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21 Oct 2010 General

MUTUALLY RELIANT

ENTHUSIASM FOR SOUTH AFRICA and a voracious appetite for risk have been two of the key drivers behind the growth of JSE-listed investment group Hosken Consolidated Investments (HCI), which was founded and built up by Marcel Golding and John Copelyn. The pair are finalists in the Ernst & Young World Entrepreneur Awards 2010. Golding and […]

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14 Oct 2010 General

DEBTS AND DIVIDENDS

The latest annual report from investment company Hosken Consolidated Investments (HCI) – which carries a fair chunk of debt at the centre — highlights the need for strong and stable cash flow over the years ahead. The report shows HCI’s array of investments currently earns around R500m/year of cash. But CEO Johnnyy Copelyn says acquisitions […]

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1 Oct 2010 General

SACTWU BURIES CONTRADICTIONS UNDER UPBEAT CONFERENCE

INSIDE LABOUR The marriage of trade unions and equity investments has al ways been problematic. But, throughout the relative boom years from the time of the 1994 transition, this linkage of the two seemed, if not happy, at least prosperous; a steady flow of dividend income kept muttered protests to the margins. The criticism — […]

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