WHO WE ARE
AND WHAT WE DO.

Niveus Investments is a focused investment entity holding three principal unlisted investments across a diversified range of sectors. Our intention is to focus on growing and fully developing the existing investments. Some of these are startups, turnarounds and some are businesses with a mature business model but have significant growth potential. We will also opportunistically pursue other investments with asymmetrical risk/reward profiles where we can leverage our management expertise and experience. No specific industries or business profiles are targeted.

The highest peaks of mountain ranges are snow white (Niveus). Through our investment philosophies we aim to achieve outcomes that will reach these pinnacles.

Niveus

Vukani Gaming Corporation : 100%

The Vukani Group ("Vukani") is a group of companies mainly engaged in offering limited payout machine ("LPM") gaming services. VSlots manages more than 5 000 LPMs at third-party sites throughout Southern Africa.
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Galaxy : 100%

The Galaxy Gaming and Entertainment group ("Galaxy") was established in 1997 to operate licensed bingo centres. Bingo is offered through electronic bingo terminals ("EBTs") and paper bingo games at Galaxy's licensed bingo centres.
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La Concorde : 57.39%

La Concorde Holdings was formerly known as KWV, which is one of the leading wine and spirits producers in South Africa and has a distinguished heritage, celebrated around the globe, of product innovation and exceptional brands. These brands included Roodeberg, KWV Wines & KWV Brandies, and Laborie. Currently the company�s assets mainly consist of the La Concorde building and Laborie wine estate situated in Paarl, as well as an impressive art collection (that include works from Irma Stern, JH Pierneef, Gregoire Boonzaier, Maggie Laubser, Carl Buchner, David Botha andt Francois Krige).

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Executive

André van der Veen
Chief executive officer
CA(SA), CFA, ACMA

André joined HCI in 2004 following HCI's acquisition of Mettle. At HCI he was responsible for the acquisition, management and ultimate disposal of a number of investments which included Clover, Tylon, Johnson Crane Hire, Johnson Access, African Unity Insurance and Mettle. He served on the board of Tsogo from 2006 to 2012 and was a director of HCI group from 2006 to 2009. He is currently also the Chief executive officer of KWV Holdings Limited and the non-executive Chairman of HCI Coal which he started five years ago. He was appointed to the Niveus board in December 2011.

Muriel Loftie-Eaton
Financial director
CA(SA)

Muriel joined HCI in 2009 and served on various executive and audit and risk committees of HCI’s subsidiaries. She qualified as a chartered accountant at PriceWaterhouseCoopers and subsequently worked for Adato Capital Holdings Limited (previously Quince Capital Holdings) prior to joining HCI. She was appointed to the Niveus board in January 2012.

Non-Executive Directors

John Copelyn
B.A. (Hons) B.Proc.
John joined HCI as chief executive officer in 1997. Prior to this he was a Member of Parliament and general secretary of the Southern African Clothing and Textile Workers Union. He is chairman of Sabido Investments, Seardel Investment Corporation, Tsogo Sun Holdings and the HCI Foundation. He was appointed to the Niveus board in May 1998.

Yunis Shaik
B.Proc
Yunis was an attorney of the High Court and in private practice prior to joining HCI in 2014. He is a former deputy general secretary of the Southern African Clothing and Textile Workers Union and a director of Workers’ College. He has served as a senior commissioner to the CCMA in Kwa-Zulu Natal. He was appointed to the HCI Board in August 2005, to the Board of Niveus Investments in January 2012 to the La Concorde Board in March 2017.

Independent Non-Executive Directors

Moretlo Molefi
BSc, MB ChB
Moretlo is a businesswoman with interests in the health sector. Prior to this she was the director of the Telemedicine program at the Medical Research Council of SA; consultant for Aspen Pharmacare and chief operating officer of Safika Health. She currently serves as a board member of International Society for Telemedicine and eHealth and vice-president of SA Telemedicine Association. She was appointed to the Niveus board in January 2012.

Jabu Ngcobo
Jabu was the regional secretary for Africa of the International Textile Garment and Leather Workers Federation from 1999 to 2006, Prior to this appointment he held the position of general secretary of the Southern African Clothing and Textile Workers Union for 6 years from 1994 to 1999. Jabu was appointed to the board of HCI as a non-executive director in October 2004. He also serves on the board of Tsogo Sun Holdings and HCI Coal. He was appointed to the Niveus board in January 2012.

Rachel Watson
Rachel currently holds a position as manager at a regional broadcaster. Prior to this appointment she was employed for 33 years within the clothing industry, serving as a trade union representative in various organisational positions for the last 14 years of her tenure. Rachel is presently an independent non-executive director of eMedia Holdings. She was appointed to the HCI Board in March 2014 and Niveus board in May 2017.

 

About us ↑

INVESTOR CENTRE

Financial Year-end
31 March
Financial Reports
Preliminary report
May
Announcement of dividend
May
Interim report at 30 September
November
Annual financial statements
September
Annual General Meeting
Date
Thursday, 1 November 2016
Time
11:00
Place
4 Stirling Street
Zonnebloem
Cape Town 7925

NEWS

15 July

LETTER TO KWV SHAREHOLDERS

A number of newspaper and magazine articles have been published since KWV�s Annual General Meeting (�AGM�) on 26 June 2015. Although it is not customary for the group to respond to newspaper articles or public commentary, some of the articles are factually incorrect, unfairly malign the independent directors and in general is pernicious tabloidstyle reporting which in our view warrants feedback and perspective to the shareholders who were not present at the meeting.

Read more (PDF) »

7 Jan

NIVEUS NOW WITH MORE OF KWV

Niveus Investments has started using its highly regarded scrip to mop up additional shares in unlisted liquor group KWV Holdings. Niveus was recently unbundled from empowerment giant Hosken Consolidated Investments (HCI).

It disclosed the acquisition of 8m KWV shares from Withmore Investments in December last year.
Read more »

26 Sept

KWV'S LOSS COULD RATTLE MINORITY SHAREHOLDERS

Shareholders might require several reinforcing tipples before scanning the red splashes that stain the results for the year to end-June from unlisted liquor group KWV Holdings.

The R50m bottom-line loss could rattle the many minority shareholders, who had the opportunity to bail out of KWV in early 2011 when PSG sold its influential stake to Hosken Consolidated Investments (HCI) at R11,80/share.
Read more »

21 Sept

BASE COST OF NIVEUS INVESTMENTS SHARES AND DIVIDENDS TAX INFORMATION

Shareholders of both HCI and Niveus Investments are referred to the previous SENS announcements, the latest of which was released on 17 September 2012, in connection with the listing of Niveus Investments and the Pro-rata Repurchase and Distribution. Words and expressions in this announcement shall bear the same meaning as words and expressions...
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17 Sept

RESULTS OF THE PRO-RATA REPURCHASE AND DISTRIBUTION AND THE ALLOCATION OF EXCESS APPLICATIONS

Shareholders of both HCI and Niveus Investments are referred to the announcements dated 30 July 2012 and 7 September 2012, as well as the abridged pre-listing statement dated 31 August 2012...
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07 Sept

LISTING OF NIVEUS INVESTMENTS ON THE JSE

HCI shareholders are referred to the announcement dated 30 July 2012 and the abridged pre-listing statement dated 31 August 2012, in connection with the listing of Niveus Investments and the pro-rata offer, by HCI, to holders of ordinary shares in HCI to receive their pro-rata portion of 45% of the shares in Niveus Investments by tendering one HCI ordinary share (�HCI Share�) for repurchase by HCI in exchange for the distribution in specie by HCI...
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30 Aug

RESULTS OF GENERAL MEETING AND FINALISATION ANNOUNCEMENT

HCI shareholders are referred to the announcement dated 30 July 2012 in connection with the listing of Niveus Investments Limited (“Niveus Investments”) and the pro rata offer, by HCI, to holders of ordinary shares in HCI...
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CONFIRMATION OF CHANGE IN MANAGEMENT OF LA CONCORDE AND NIVEUS
16 November 2017
TRADING STATEMENT
14 November 2017
ACQUISITION OF GOLDEN ARROW BUS SERVICES PROPRIETARY LIMITED ("Proposed Transaction") – EXTENSION OF DISTRIBUTION OF CIRCULAR
13 November 2017
GAMECO UNBUNDLING - CERTAIN SOUTH AFRICAN TAX CONSIDERATIONS
10 November 2017
RESULTS OF THE ANNUAL GENERAL MEETING
1 November 2017
FULFILLMENT OF THE CONDITIONS PRECEDENT IN RESPECT OF THE UNBUNDLING OF GAMECO AND FINALISATION ANNOUNCEMENT
30 October 2017
DEALING IN SECURITIES BY A DIRECTOR AND AN ASSOCIATE OF A DIRECTOR OF A MAJOR SUBSIDIARY
29 September 2017
UPDATE REGARDING THE UNBUNDLING OF GAMECO
29 September 2017
DEALING IN SECURITIES BY A DIRECTOR OF A MAJOR SUBSIDIARY
26 September 2017
DEALING IN SECURITIES BY A DIRECTOR OF A MAJOR SUBSIDIARY
22 September 2017
NOTICE OF ANNUAL GENERAL MEETING
22 September 2017
DEALING IN SECURITIES BY A DIRECTOR OF A MAJOR SUBSIDIARY
19 September 2017
CHANGE IN MANAGEMENT OF LA CONCORDE AND NIVEUS
14 September 2017
ACQUISITION OF GOLDEN ARROW BUS SERVICE PROPRIETARY LIMITE
14 September 2017
RESULTS OF GENERAL MEETING - GAMECO UNBUNDLING
14 September 2017
DEALING IN SECURITIES BY A DIRECTOR OF A MAJOR SUBSIDIARY
12 September 2017
DEALING IN SECURITIES BY A DIRECTOR OF A MAJOR SUBSIDIARY
28 AUGUST 2017
DEALING IN SECURITIES BY A DIRECTOR OF A MAJOR SUBSIDIARY
24 AUGUST 2017
DEALING IN SECURITIES BY A DIRECTOR AND AN ASSOCIATE OF A DIRECTOR OF A MAJOR SUBSIDIARY
22 AUGUST 2017
NO CHANGE STATEMENT
17 AUGUST 2017
UNBUNDLING AND RELATED PARTY TRANSACTION CIRCULAR: PROPOSED UNBUNDLING AND DISPOSAL BY NIVEUS OF CERTAIN GAMING BUSINESSES
16 AUGUST 2017
DEALING IN SECURITIES BY A DIRECTOR OF A MAJOR SUBSIDIARY
3 AUGUST 2017
PROPOSED DISPOSAL BY NIVEUS OF CERTAIN GAMING BUSINESSES AND UNBUNDLING OF GAMECO ("Proposed Transaction") – FURTHER EXTENSION OF DISTRIBUTION OF CIRCULAR
2 AUGUST 2017
DEALING IN SECURITIES BY A DIRECTOR OF A MAJOR SUBSIDIARY
2 AUGUST 2017
DEALING IN SECURITIES BY AN ASSOCIATE OF A DIRECTOR OF A MAJOR SUBSIDIARY
1 AUGUST 2017
DEALING IN SECURITIES BY AN ASSOCIATE OF A DIRECTOR OF A MAJOR SUBSIDIARY
31 JULY 2017
DEALING IN SECURITIES BY A DIRECTOR AND AN ASSOCIATE OF A DIRECTOR OF A MAJOR SUBSIDIARY
28 JULY 2017
DEALING IN SECURITIES BY A DIRECTOR OF A MAJOR SUBSIDIARY
26 JULY 2017
DEALING IN SECURITIES BY A DIRECTOR OF A MAJOR SUBSIDIARY
25 JULY 2017
DEALING IN SECURITIES BY A DIRECTOR OF A MAJOR SUBSIDIARY
24 JULY 2017
DEALING IN SECURITIES BY A DIRECTOR OF A MAJOR SUBSIDIARY
21 JULY 2017
BROAD-BASED BLACK ECONOMIC EMPOWERMENT ACT ("THE ACT"): ANNUAL COMPLIANCE
20 JULY 2017
CHANGE TO THE BOARD OF DIRECTORS
4 JULY 2017
UPDATE REGARDING THE UNBUNDLING OF GAMECO
27 JUNE 2017
APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR
14 JUNE 2017
UNBUNDLING OF GAMECO
29 MAY 2017
PROVISIONAL REVIEWED GROUP CONSOLIDATED RESULTS FOR THE YEAR ENDED 31 MARCH 2017
24 MAY 2017
TRADING STATEMENT
12 MAY 2017
PROPOSED DISPOSAL BY NIVEUS OF CERTAIN GAMING BUSINESSES AND UNBUNDLING OF GAMECO - EXTENSION OF DISTRIBUTION OF CIRCULAR
11 MAY 2017
RESIGNATION OF DIRECTOR
19 APRIL 2017
PROPOSED DISPOSAL BY NIVEUS OF CERTAIN GAMING BUSINESSES AND UNBUNDLING OF GAMECO
14 March 2017
EXERCISE OF OPTIONS, DEALING IN SECURITIES AND ACCEPTANCE OF OPTIONS BY DIRECTORS
19 January 2017
ACCEPTANCE OF OPTIONS BY A DIRECTOR OF A MAJOR SUBSIDIARY
18 January 2017
NOTICE IN TERMS OF SECTION 45(5) OF THE COMPANIES ACT
15 December 2016
CATEGORY 1 TRANSACTION ANNOUNCEMENT: PROPOSED DISPOSAL BY NIVEUS OF CERTAIN GAMING BUSINESSES
14 December 2016
UNAUDITED GROUP INTERIM RESULTS
23 November 2016
RENEWAL OF CAUTIONARY ANNOUNCEMENT
18 November 2016
TRADING STATEMENT
14 November 2016
RESULTS OF THE ANNUAL GENERAL MEETING
1 November 2016
DISPOSAL OF OPERATIONAL ASSETS OF KWV
14 October 2016
RENEWAL OF CAUTIONARY ANNOUNCEMENT
7 October 2016
NO CHANGE STATEMENT AND NOTICE OF ANNUAL GENERAL MEETING
16 September 2016
CAUTIONARY ANNOUNCEMENT
26 August 2016
UPDATE ON DISPOSAL OF KWV'S OPERATIONAL ASSETS
24 August 2016
REVIEWED GROUP CONSOLIDATED RESULTS FOR THE YEAR ENDED 31 MARCH 2016
25 May 2016
WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT
12 May 2016
PROPOSED CONDITIONAL DISPOSAL OF THE OPERATIONAL ASSETS OF KWV HOLDINGS LIMITED
11 May 2016
TRADING STATEMENT
11 May 2016
CAUTIONARY ANNOUNCEMENT
19 April 2016
UNAUDITED GROUP INTERIM RESULTS
19 November 2015
TRADING STATEMENT
12 November 2015
RESULTS OF THE ANNUAL GENERAL MEETING
29 October 2015
NO CHANGE STATEMENT AND NOTICE OF ANNUAL GENERAL MEETING
29 September 2015
EXERCISE OF OPTIONS BY DIRECTOR OF A MAJOR SUBSIDIARY
15 September 2015
RESULTS OF THE GENERAL MEETING
9 September 2015
POSTING OF CIRCULAR AND NOTICE OF GENERAL MEETING
11 August 2015
ACCEPTANCE OF OPTIONS BY A DIRECTOR
3 August 2015
UPDATE RELATING TO THE SPECIFIC ISSUE OF SHARES
28 July 2015
EXERCISE OF OPTIONS BY DIRECTOR
22 June 2015
ACCEPTANCE OF OPTIONS BY A DIRECTOR OF A MAJOR SUBSIDIARY
26 May 2015
REVIEWED GROUP CONSOLIDATED RESULTS FOR THE YEAR ENDED 31 MARCH 2015
21 May 2015
SPECIFIC ISSUE OF SHARES
21 May 2015
TRADING STATEMENT
8 May 2015
EXERCISE AND ACCEPTANCE OF OPTIONS BY DIRECTORS
2 April 2015
CHANGE IN FUNCTIONS OF DIRECTORS
20 March 2014

DEALING IN COMPANY�S SHARES BY A DIRECTOR OF A MAJOR SUBSIDIARY
14 March 2014

NOTICE IN TERMS OF SECTION 45(5) OF THE COMPANIES ACT
27 February 2014

SPECIFIC ISSUE OF SHARES FOR CASH
12 February 2014

UNAUDITED GROUP INTERIM RESULTS
21 November 2013

TRADING STATEMENT
20 November 2013

RESULTS OF ANNUAL GENERAL MEETING
28 October 2013

DEALING IN SECURITIES BY DIRECTOR
1 October 2013

CHANGE STATEMENT AND NOTICE OF ANNUAL GENERAL MEETING
30 September 2013

DEALING IN SECURITIES BY DIRECTOR
30 August 2013

RESULTS OF GENERAL MEETING AND DIVIDEND DECLARED
22 July 2013

DEALING IN SECURITIES BY DIRECTOR
5 July 2013

POSTING OF THE CIRCULAR TO NIVEUS SHAREHOLDERS FOR THE APPROVAL
25 June 2013

DEALING IN SECURITIES BY DIRECTOR OF MAJOR SUBSIDIARY
14 June 2013

CHANGE TO BOARD OF DIRECTORS
24 May 2013

REVIEWED ABRIDGED CONSOLIDATED RESULTS
22 May 2013

TRADING STATEMENT
3 May 2013

RESULTS OF GENERAL MEETING
26 April 2013

APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR AND CHANGE TO BOARD
10 April 2013

NOTICE OF GENERAL MEETING AND CIRCULAR POSTING ANNOUNCEMENT
2 April 2013

CONTACT

Telephone

021 807 3911

Fax

021 807 3059

Postal Address

PO Box 6185
Paarl
7620

Physical address

La Concorde
57 Main Street
Paarl
7646

Ethics Line

Niveus Investments Limited�is committed to conduct healthy business practices with honesty and integrity. For this reason, Niveus Investments Limited has subscribed to a service that will enable all stakeholders to report anonymously on suspected dishonest behaviour.

The Niveus Investments Limited Ethics Line is administered by professional services firm KPMG and is therefore totally independent of Niveus Investments Limited.�Reporting is entirely anonymous and confidential.

To report any suspected fraud or dishonest and inappropriate behaviour, please use the contact information below:

Toll Free: 0800 000 708
Free Fax: 0800 200 796
Email: fraud@kpmg.co.za
Website: www.thornhill.co.za/kpmgethicslinereport
Free Post: BNT 371, PO BOX 14671, Sinoville 0129