Sephaku Holdings Limited

Type: Company
Name: Sephaku Holdings Limited
First reported Oct 30 2014 - Updated Oct 30 2014 - 1 reports

Sephaku to post H1 earnings loss

JOHANNESBURG (miningweekly.com) – Sephaku Holdings, which is in the process of finalising its interim results for the six months ended September 30, expects to swing to a basic loss a share of between 1.9c and 2c for the half-year, from basic earnings ... [Published Mining Weekly - Oct 30 2014]
First reported Oct 02 2014 - Updated Oct 02 2014 - 1 reports

Sephaku : makes hay while its competitor fumbles

PPC distracted and Sephaku strides forward.While cement company PPC is distracted by leadership challenges following the surprise resignation of its CEO nearly two weeks ago, smaller rival Sephaku Cement (SepCem) is striding forward.An operating update ... [Published 4 Traders - Oct 02 2014]
First reported Oct 01 2014 - Updated Oct 01 2014 - 1 reports

Cement production at Aganang to start this month

Cement production at Sephaku Holdings subsidiary Sephaku Cement’s (SepCem’s) Aganang integrated plant, in the North West, was scheduled to start this month, following the successful start of clinker production in August, the company announced on Wedn ... [Published Engineering News - Oct 01 2014]
First reported Sep 30 2014 - Updated Sep 30 2014 - 1 reports

Miranda in R20m "broken promise" row

– JOHN Wallington said he decided to quit Miranda Minerals where he was CEO for a year because former director, Rudolph de Bruin, broke his promise to invest R20m in the coal development business.De Bruin stenuously denies the allegation saying that they ... [Published Mining MX - Sep 30 2014]

Quotes

"The loss is mainly owing to a one-off noncash item that is included as provision for the final share allocation to the previous owners of Métier Mixed Concrete calculated for the outstanding R100-million share acquisition payment, based on the 60-day volume weighted average price on December 1" it said in a trading statement
"Métier's main objective is to achieve relatively high margins through the creation and production of specialised concretes" says SepHold CEO Lelau Mohuba
"I should have left Miranda in January when it became obvious that De Bruin was not going to put the money in that he promised to, said Wallington who disclosed that he provided up to R2m in his own money to pay salaries."

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Sephaku to post H1 earnings loss [Published Mining Weekly - Oct 30 2014]
Sephaku : makes hay while its competitor fumbles [Published 4 Traders - Oct 02 2014]
Cement production at Aganang to start this month [Published Engineering News - Oct 01 2014]
Miranda in R20m "broken promise" row [Published Mining MX - Sep 30 2014]
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