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INTERIM RESULTS

18 Dec General

HOSKEN CONSOLIDATED INVESTMENT, the black empowerment group, has significantly expanded its activities in the six months to end-September by making certain investments in its core activities, and although headline earnings a share dropped from 2,4c to 0,7c due to the development costs, the group is upbeat about prospects, having invested in markets with exciting growth opportunities. The group’s five most important investment sectors are telecommunications, information technology, financial services, media and gambling. During the reporting period, the company has also acquired a 30% stake in financial services group, METTLE -formerly BFS CAPITAL; an additional interest of 13,5% in UNIBANK, an interest of 33% in the providers of smart cards:GLOBAL TECHNOLOGY HOLDINGS;a 10% stake in ATLANTIC INTERNATIONAL ENTERTAINMENT which provides the casino industry with technology; 22% in IQ BUSINESS GROUP, and additional interest of 1,6% in DATATEC, 26% of LOTEYETU,which is trying out for SA’s first lottery licence and an additional interest in Midi-TV to increase its stake by 34%.

Source: Die Beeld