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Niveus Investments  // Browsing posts in Niveus Investments

23 Nov 2016 Niveus Investments

NIVEUS NARROWS ITS INTERIM LOSS

Niveus, the gambling and liquor interests unbundled from Hosken Consolidated Investments in 2012, narrowed its interim loss to R6m, a fifth of the matching period’s R34m net loss. The group sold its 57% stake in wine and brandy producer KWV for R1.15bn in May, less than its book value of R1.7bn, contributing to a R71m […]

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25 May 2016 Niveus Investments

NIVEUS DECLARES TOTAL DIVIDEND FOR YEAR TO MARCH OF 17c

NIVEUS, the former gambling and alcohol interests of Hosken Consolidated Investments unbundled into a separate JSE-listing four years ago, cut its final dividend 17%. In a results statement released on Wednesday, Niveus declared a final dividend of 10c, down from 12c the previous year. Added to its 7c interim dividend, the total dividend for the […]

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NIVEUS PLANS TO SELL ITS STAKE IN KWV FOR R1.15bn

NIVEUS Investments said on Wednesday it plans to sell its 57.13% stake in wine and spirit maker, KWV Holdings, for an initial R1.15bn. KWV sources wines and grapes from the viticultural regions of SA. In addition, it owns several brands such as Roodeberg and KWV Wines. The deal, which is subject to the fulfillment of […]

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19 Nov 2015 Niveus Investments

NIVEUS UNHAPPY WITH GOVERNMENT EFFORTS TO CURB ILLEGAL GAMBLING

ALTERNATIVE gaming specialist Niveus Investments said on Thursday it was disappointed that local gambling boards and government had not done more to shut down illegal gambling operations. It said this lack of action had forced the company to inject some of its own funds into the fight. “Illegal gambling is growing and we have seen […]

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27 Oct 2015 Niveus Investments

SUN SEES BINGO AS THREAT TO GROWTH

CASINO giant Sun International, which is in the throes of increasing its exposure to limited payout machine (LPM) gambling, has expressed reservations about the burgeoning electronic bingo terminal (EBT) segment. EBTs and LPMs offer punters smaller bets and smaller possible payouts than highly profitable bricks and mortar casinos. But, unlike urban-based casinos, these alternative gaming […]

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22 May 2015 Niveus Investments

NIVEUS CHANGES ITS DIVIDEND POLICY AMID LICENCE WORRIES

ALTERNATIVE gaming specialist Niveus Investments cited uncertainty around its KwaZulu-Natal electronic bingo terminal licences, which risk significant impairment, as a key consideration in revising its stated dividend policy. Niveus, which is controlled by empowerment giant Hosken Consolidated Investments, originally indicated a willingness to pay half its headline earnings out in dividends. But in comments accompanying […]

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3 Dec 2014 Niveus Investments

NIVEUS MAKES INVESTMENT IN BET.co.za

Online sports betting site BET.co.za’s form has attracted attention from serious players in the industry. Listed company Niveus Investments, a focused investment entity that controls, among others, Vukani Gaming Corporation and Galaxy Bingo, has proposed taking a significant share in the company. BET.co.za rapidly gained traction soon after launching into the world of online sports […]

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31 Oct 2014 Niveus Investments

HCI SUBSIDIARY OFFERS BOISTEROUS SIDESHOW

WHILE all eyes were on Hosken Consolidated Investments’ (HCI’s) annual general meeting on Thursday, an earlier gathering of shareholders in the conglomerate’s gambling and liquor subsidiary, Niveus, offered a boisterous sideshow. Niveus has investments in limited payout machine gambling and electronic bingo as well as a controlling stake in wine and brandy producer KWV. The […]

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23 May 2014 Niveus Investments

NIVEUS ACQUIRES INTEREST IN KURUMAN CASINO LICENCE

NIVEUS, which holds alternative gaming and liquor assets, is taking a flutter on an almost forgotten casino licence in South Africa. In commentary accompanying its year to end-March results on Thursday, Niveus CEO Andre van der Veen said it had acquired a 60% interest in the Kuruman casino licence. Construction had started and the casino […]

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LOCAL CASINO INDUSTRY RESHUFFLES CARDS

IT PROBABLY speaks volumes about the cash-spinning qualities of local casinos that the SA gaming sector, which is already highly concentrated, continues to see bouts of consolidation. The local casino industry, leaving aside London Clubs International’s Emerald Resort & Casino on the Vaal River, is divvied up among three companies: Tsogo Sun (with Montecasino and […]

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