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30 Nov 2017

UPDATE ON ACQUISITION OF GOLDEN ARROW BUS SERVICES

  1. Shareholders are referred to the Company’s SENS announcement on 14 September 2017 (“Transaction Announcement“), advising that a subsidiary of Niveus, La Concorde Holdings Limited (“La Concorde“), an indirect wholly-owned subsidiary of La Concorde, Niveus Invest 17 Proprietary Limited (“Newco“), and Hosken Consolidated Investments Limited (“HCI“) have entered into a binding memorandum of agreement […]

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23 Nov 2017

COAL MINES SKETCH BRIGHTEST PICTURE FOR HCI

Hosken Consolidated Investments CEO Johnny Copelyn says coal mining profits continued to improve on higher coal prices. Hosken Consolidated Investments (HCI), the trade union-aligned conglomerate, posted a strong showing from its coal mines amid an operational environment deemed “anarchic”. HCI’s mainstay investments are gaming group Tsogo Sun and broadcast media group e-Media. But the star […]

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23 Nov 2017

SECOND CASINO FOR CAPE TOWN?

Tsogo awaits Cape Town clarity on casino licences   Gaming and leisure group Tsogo Sun, which endured a tough interim period to end-September with discretionary spending tight, is hoping for clarity on a second Cape Town casino before the end of 2017. The Western Cape government has long been debating the possibility of allowing one […]

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23 Nov 2017

HARD BARGAIN WITH MULTICHOICE PUSHES eMEDIA INTO THE RED

The television arm of Hosken Consolidated Investments, eMedia, was pushed into an interim loss as Naspers subsidiary MultiChoice halved the money it pays for eMedia channels to be included in DStv’s bouquet. The JSE-listed holding company of TV channels eNCA and e.tv reported on Wednesday that it fell into a net loss of R729,000 for […]

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23 Nov 2017

TSOGO AWAITS CAPE TOWN CLARITY ON CASINO LICENCES

Gaming and leisure group Tsogo Sun, which endured a tough interim period to end-September with discretionary spending tight, is hoping for clarity on a second Cape Town casino before the end of 2017. The Western Cape government has long been debating the possibility of allowing one of four provincial casino licences to be transferred to […]

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22 Nov 2017

TSOGO SUN SUFFERS AS CONSUMERS’ DISPOSABLE INCOME FALLS

Gaming and hotel group Tsogo Sun on Wednesday reported a 10% drop in first-half adjusted headline earnings to R754m, partly as a result of consumers having little disposal income. Total income in the six months to September was up just 1% to R6.4bn, after net gaming win dropped by 3% to R3.56bn. This was partially […]

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22 Nov 2017

HPF DECLARES A DIVIDEND OF 41.83c FOR THE PAST SIX-MONTH PERIOD

Hospitality Property Fund’s distributable earnings also increased by 100% to R204m compared with the six months to end-September 2016. Hospitality Property Fund (HPF) declared a distribution of 27.09c per share for the four months to end-September, resulting in the total distribution of 41.83c per share for the six-month period. The company said it was not […]

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22 Nov 2017

A FRESH RECORD LOOKS LIKELY FOR THE JSE

The JSE enjoyed the odometer effects of the all share index clocking 61,000 points and the top 40 index clocking 55,000 points for the first time on Tuesday. The all share index closed 1.18% higher at 61,212 points and the top 40 closed 1.36% higher at 55,065 points. The JSE is likely to move further […]

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11 Nov 2017

e.tv LAUNCHES ITS ‘#OurWorldIsRed’ CAMPAIGN

e.tv has realigned its visual identity to that of the e.tv ‘mother brand’. Where previously, each channel was represented by a different colour, all the ‘e’ channels are now one. The channels e.tv, eExtra, eMovies, eMovies Extra, and eToonz, each aim to offer something different for audiences across South Africa, but with one identity – under […]

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9 Nov 2017

WHAT REALLY HAPPENS AT HCI’S AGMS

Gaining insight into Johnny Copelyn’s plans. The AGMs of Hosken Consolidated Investments (HCI) and its various listed offshoots are not as well attended by shareholders and investors as the yearly meetings of investment giants such as PSG Group and Remgro. HCI CEO Johnny Copelyn is perhaps not as enigmatic (or, for that matter, as revered) […]

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