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14 Nov 2016

TREMATON TO SELL WEST COAST LEISURE STAKE TO TSOGO SUN FOR R190m

JOHANNESBURG – South Africa’s Trematon Capital Investments said on Monday it will dispose of its 29.64% stake in West Coast Leisure Proprietary to Tsogo Sun for R190 million ($13 million). Shares in Trematon rose 6.90% to R3.10, while shares in Tsogo Sun were up 1.99% to R28.70 at the close. The company said it will […]

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10 Nov 2016

GOLDEN ARROW GETS SMART

ICONIC Cape Town passenger transport company Golden Arrow Bus Services (GABS) is cutting down risks of traveling with cash onboard.In terms of key strategic imperatives GABS has deemed the handling of cash as a method of payment on buses, kiosks and at depots a “high riskfactor” in the company’s business model. Consequently, the company has […]

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10 Nov 2016

TSOGO SUN SET TO TRANSFER THREE HOTELS INTO SUBSIDIARY

JSE-listed gaming and leisure group Tsogo Sun is due to transfer more hotels into its subsidiary, Hospitality Property Fund, in a move that would boost its assets base. Tsogo owns three Sandton-based hotels in a joint venture with the Liberty group and is looking to move these properties into Hospitality, the only hotel-focused real estate […]

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2 Nov 2016

SHARP FOCUS ON HUGE HCI DISCOUNT

The sizeable discount the market places on the sum-of-the-parts (SOTP) value of Hosken Consolidated Investments (HCI) was the big discussion point at the empowerment company’s annual general meeting on Tuesday. HCI is anchored by its controlling stake in gaming and hotel group Tsogo Sun but also holds influential stakes in alternative gaming group Niveus, industrial […]

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21 Oct 2016

MARKET WATCH: POUR US A DIVIDEND PLEASE

Long-suffering shareholders in unlisted liquor group KWV Holdings will be cheered by the news that the sale of the company’s operating assets to Vivian Imerman’s Vasari has finally been concluded. Asset-rich but operationally poor, KWV has been a test of endurance for the many investors that lived in hope that the underlying value — sometimes […]

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20 Oct 2016

E.TV WANTS TO CUT NEWS FROM ITS PRIMETIME SLOT

Cape Town – South Africa’s broadcasting regulator has set 25 October as the date for a public hearing into e.tv’s controversial application to get its broadcasting licence conditions changed because they no longer want to do a half hour TV news bulletin during prime time. If e.tv is successful in getting its longstanding broadcasting licence […]

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18 Oct 2016

KWV SOLD TO GLOBAL INVESTMENT FIRM

Vasari, the unlisted UK-based investment group headed up by Vivian Imerman, has completed its acquisition of the operational assets of South African wine and spirits producer KWV for R1.15 billion. The acquisition, announced in May 2016, was finalised after securing shareholder support and a nod from the South African Competition Commission. “KWV is a strategic […]

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28 Sep 2016

NO CHANGE STATEMENT AND NOTICE OF ANNUAL GENERAL MEETING

Shareholders are advised that HCI’s integrated annual report, incorporating the summarised audited results for the year ended 31 March 2016, has been posted to shareholders and contains no changes from the reviewed results which were published on SENS on 23 May 2016. Grant Thornton Johannesburg Partnership audited the results and the annual financial statements of […]

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21 Sep 2016

TSOGO SHAKES UP MANAGEMENT OF HOSPITALITY PROPERTY FUND

HOSPITALITY Property Fund (HPF) will get a new CEO and financial director, following its takeover by Tsogo Sun. HPF’s current CEO, Vincent Joyner, will be replaced by Keith Randall at the end of the year. Joyner will also leave the board of HPF. Earlier this year, a deal in which gaming and leisure group Tsogo […]

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30 Aug 2016

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: Mr Mahomed Gani has been appointed as an independent non-executive director of HCI with immediate effect. Mr Gani will be a member and chair […]

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