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HCI ANNOUNCEMENT

BFS Capital said yesterday that Hosken Consolidated Investments will acquire a 30interest in BFS Capital for approximately R74m with effectfrom June 15, 1998. HCI, a listed investment holding company, is controlled by the investment trusts of the National Union of Mineworkers and the South African Clothing and Textile Workers Union. The NBS Boland group, now part of the restructured BOE, previously owned a 49,7stake with BFS Capital management and staff owning the remaining 50,3 A R95m rights issue taken up by HCI and BFS Capital management from June 15 will result in a new shareholding structure with HCI and NBS Boland each holding 30and BFS Capital management staff 40.

Source: The Citizen