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15 Feb 2017

ICASA: e.tv CAN’T DUMP NEWS FROM PRIME TIME

Cape Town – South Africa’s broadcasting regulator has ordered e.tv to continue to do TV news bulletins during prime time and denied the commercial free-to-air broadcaster’s application for a change to its licence conditions to dump doing TV news when most South Africans are able to watch. The Independent Communications Authority of South Africa (Icasa) […]

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15 Feb 2017

E.tv TOLD IT MUST BROADCAST NEWS BULLETIN DURING PRIME TIME

E.tv says it is disappointed about Icasa’s decision as the broadcaster is trying to better serve to its viewers’ changing needs. The Independent Communications Authority of SA (Icasa) has turned down e.tv’s application to move a news bulletin outside prime time. E.tv made the application in 2016 in response to the changing viewership patterns. E.tv’s […]

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14 Feb 2017

DOES TSOGO SUN PLAN TO BEEF UP HPF PORTFOLIO?

Tsogo Sun has become a leading player in SA’s hotel industry, owning some of the most sought-after hospitality assets in the country. It recently bought a stake in SA’s only hotel Real Estate Investment Trust (Reit), the Hospitality Property Fund (HPF). The question is how does Tsogo plan to make its investment in HPF a […]

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13 Feb 2017

A R3.3bn OFFER FOR TSOGO ASSETS

Pretoria – Listed Hospitality Property Fund has entered into negotiations with Tsogo Sun Holdings on the potential acquisition of a R3.3billion portfolio of hotel assets from the listed hotel and gaming group. The group said it was preparing to raise about R1.8bn through a rights issue. Keith Randall, the chief executive of Hospitality, confirmed on […]

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5 Jan 2017

NIVEUS PLAN GETS TONGUES WAGGING

The proposal to exchange gaming assets for Tsogo shares sets off speculation about whether investment vehicle will remain listed. Niveus, the cash-flush specialist investment vehicle controlled by empowerment conglomerate Hosken Consolidated Investments (HCI), is the subject of much market conjecture after proposing to sell its core alternative gaming assets to casino operator Tsogo Sun late […]

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29 Dec 2016

TSOGO SUN GOES GREEN

Embracing greener behaviour for the wellbeing of the planet is a hallmark of Tsogo Sun’s and is written into the group’s overriding environmental management policy. Tsogo Sun is now creating awareness and educating stakeholders on greener living. Candy Tothill, Tsogo Sun’s GM of corporate affairs, says that green thinking permeates throughout the business. “We’re extremely […]

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14 Dec 2016

BRIEF-TSOGO BUYS SOME GAMING BUSINESSES FROM NIVEUS INVESTMENTS

* Acquisition of certain gaming businesses from Niveus Investments Limited * Niveus accepted indicative offer for Niveus’ interests in Vukani Gaming Proprietary Ltd and Galaxy Bingo Proprietary Ltd * Says purchase consideration will comprise of 160 million ordinary shares in issued share capital of Tsogo amounting to about 4.65 bln rand * Purchase consideration will […]

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8 Dec 2016

TAXMAN WINS BIG AT CASINOS

Cape Town – And the casino industry’s biggest winner for the 2016/17 tax year is [insert drum roll here please…] the taxman! The 11th annual survey from the Casino Association of South Africa (CASA), which was released on Wednesday, found that the South African Receiver of Revenue scooped up 36 percent of gross gambling revenues […]

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25 Nov 2016

MARKET WATCH: TREMATON – TAKING THE MONEY

Gaming and hotel group Tsogo Sun has finally bought investment firm Trematon’s 26.9% stake in the Mykonos casino in Langebaan, on the West Coast. Though it is one of SA’s smallest casinos, there are punters who believe Mykonos would be the obvious candidate if the Western Cape government allows an existing casino licence to be […]

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23 Nov 2016

TSOGO SUN TO BUY MORE UK HOTELS, OUTLOOK TOUGHT ELSEWHERE

outh Africa’s Tsogo Sun Holdings Ltd plans to buy more hotels in the United Kingdom where it is performing well and weakness in the pound has made assets much more affordable, it said on Wednesday, after reporting flat half-year profit. Africa’s biggest hotels and gambling operator, which also has interests in Nigeria, Kenya and Mozambique, […]

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