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3 Apr 2017

PROPOSED SPECIFIC REPURCHASE OF HCI SHARES

1. INTRODUCTION HCI has concluded an agreement (“Buy-back Agreement”) with the trustees for the time being of The HCI Foundation (“HCI Foundation”) in terms of which HCI will acquire 2,688,000 HCI shares (“HCI Shares”) from the HCI Foundation (“Buy-back Shares”) (HCI and the HCI Foundation together, “the Parties”), subject to the terms and conditions referred […]

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23 Mar 2017

CHANGE TO THE BOARD OF DIRECTORS

In accordance with Section 3.59 of the JSE Limited Listings requirements, HCI shareholders are advised that the following change has been made to the composition of the HCI Board of Directors: Ms Ngiphiwe (Mapi) Mhlangu has been appointed as a non-executive director of HCI with immediate effect. Ngiphiwe (Mapi) Mhlangu is an executive news professional […]

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23 Mar 2017

TSOGO SUN PLANS TO TRANSFER MORE HOTEL ASSETS

And to lift stake in Hospitality Reit to better compete with property rivals. JOHANNESBURG – South African hotelier Tsogo Sun said it could increase its stake in Hospitality Property Fund to as much as 60% as part of an exchange if it reaches agreement to sell more hotel assets to the fund. Tsogo Sun acquired […]

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17 Mar 2017

MINORITIES DEALT A BETTER HAND

Niveus to unbundle to its shareholders majority of its gaming business, to be housed in new entity Gameco. Niveus Investments, Tsogo Sun and Hosken Consolidated Investments (HCI) have restructured a deal previously announced in December last year giving Niveus shareholders more choice with the opportunity to separately retain, dispose of or increase their interest in […]

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16 Mar 2017

CONSTITUTIONAL COURT DECISION COULD CHANGE TV LANDSCAPE

The encryption of a digital signal is at issue in an important court case. In February 2017, the Constitutional Court heard an application to declare a policy adopted by the Minister of Communications invalid and unlawful. The judgment could change the landscape of television broadcasting in South Africa, particularly for paid programming. As a result, […]

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16 Mar 2017

CHANGE IN SECTOR CLASSIFICATION ON THE JSE

HCI would like to advise the shareholders that the FTSE has reclassified the Company from the Equity Investments Instruments subsector to the Speciality Finance subsector in the FTSE quarterly reclassification process. The reclassification will be effective 20 March 2017.

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15 Mar 2017

HOSKEN, TSOGO DEALS HEATS UP

Johannesburg – Empowerment conglomerate Hosken Consolidated Investment (HCI) on Tuesday said it was a step closer to consolidating its gaming assets under Tsogo Sun in a R2.1 billion deal that would see the hotel and entertainment group take over Niveus Investments gaming machine and bingo hall businesses. The deal would see Tsogo acquire all Niveus […]

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15 Mar 2017

NIVEUS WINS WIDER TERMS FROM TSOGO

Casino group gives more options to minorities in gaming asset buyout. Casino group Tsogo Sun and Niveus Investments, both controlled by Hosken Consolidated Investments (HCI), decided on Tuesday to rejig the terms of a recent R4.6bn transaction involving alternative gaming assets. In late 2016, Niveus accepted a scrip-based offer for its limited payout machine (LPM) […]

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14 Mar 2017

FURTHER ANNOUNCEMENT ON THE RESTRUCTURE OF HCI’s GAMING BUSINESSES

Shareholders are referred to the announcement released on the Stock Exchange News Service of the JSE (“SENS”) by HCI on 14 December 2016 (“Initial Announcement”), in which HCI announced its intention to consolidate its gaming interests under Tsogo Sun Holdings Limited (“Tsogo”). The consolidation of HCI’s gaming interests consisted of the sale by Niveus Investments […]

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6 Mar 2017

TSOGO SUN’S NEW DUAL-BRAND HOTEL DEVELOPMENT ENTERING INTO ITS FINAL STAGES

Tsogo Sun’s new dual-brand 19-story hotel development in Cape Town is entering its final stages with construction expected to be completed by September 2017. The two hotels will add 504 rooms to the Cape Town tourism market. Constructed at a cost of R700 million, the development – which consists of the SunSquare Cape Town City […]

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