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25 May 2017

TSOGO SUN SET TO EXPAND IN KZN

Durban – South African hotel, gaming and entertainment group, Tsogo Sun, said on Wednesday that it was going to spend an additional R1.3 billion to expand the Suncoast Casino and Entertainment World in KwaZulu-Natal. The overall project cost is R1.6 billion. The construction commenced in 2016, but was later interrupted and was stopped due to […]

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24 May 2017

TSOGO BUOYED BY PROFIT RISE

Cape Town – South African hotel, gaming and entertainment group, Tsogo Sun says it expects to complete the building of its 125 room Stay Easy hotel in Maputo in the current financial year for $16 million as it is buoyed by a 6 percent rise in profits for the year ended March. The company says, […]

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24 May 2017

e.TV’S HOLDING COMPANY SWINGS INTO PROFIT

The woes of its state-owned competitor SABC appear to have helped private-sector broadcaster e.tv swing to profit in year to end-March. Its holding company, eMedia, reported a profit of R161m from the R89m loss it reported in its first results as an independently listed company in 2016. Income grew 7% to R2.6bn, which the company […]

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24 May 2017

e.tv’s HOLDING COMPANY SWINGS INTO PROFIT

The woes of its state-owned competitor SABC appear to have helped private-sector broadcaster e.tv swing to profit in year to end-March. Its holding company, eMedia, reported a profit of R161m from the R89m loss it reported in its first results as an independently listed company in 2016. Income grew 7% to R2.6bn, which the company […]

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2 May 2017

POSTING OF CIRCULAR AND NOTICE OF GENERAL MEETING

1. INTRODUCTION Shareholders of HCI (“HCI Shareholders”) are referred to the announcement released by HCI on SENS on Monday, 3 April 2017 (“Announcement”) in relation to the agreement concluded by HCI 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 […]

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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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