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.
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).View website →
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 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.
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 is an attorney of the High Court and presently in private practice. He serves as an acting judge in the Labour Court. 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 KwaZulu Natal. He is a director of Tsogo Sun Holdings and Seardel Investment Corporation. He was appointed to the HCI Board as lead independent non-executive director of the HCI board. He was appointed to the Niveus board in January 2012.
Independent Non-Executive Directors
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 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.
BA, MSc, MBA
Khutso is the founder and chairman of Lefa Group Holdings, a black-owned and managed investment holding and consulting company. He previously served as group chief executive of the South African Post Office Limited, chief executive of Old Mutual Employee Benefits and chief executive officer of South African Express Airways. He was appointed to the Niveus board in April 2013.
About us ↑
Cape Town 7925
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.
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.
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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.
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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...
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...
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...
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...
14 March 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 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
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
10 December 2014 UNAUDITED GROUP INTERIM RESULTS
20 November 2014 TRADING STATEMENT
11 November 2014 RESULTS OF THE ANNUAL GENERAL MEETING
30 October 2014 CHANGE STATEMENT AND NOTICE OF ANNUAL GENERAL MEETING
26 September 2014 DEALING IN SECURITIES BY A DIRECTOR OF A MAJOR SUBSIDIARY
15 September 2014 EXERCISE OF OPTIONS BY A DIRECTOR
11 September 2014 RESULTS ANNOUNCEMENT FOR A CASH DIVIDEND WITH A CAPITALISATION ISSUE ALTERNATIVE
18 August 2014 NOTICE IN TERMS OF SECTION 45(5) OF THE COMPANIES ACT
13 August 2014 RESULTS OF GENERAL MEETING AND FINALISATION ANNOUNCEMENTS FOR NIVEUS DIVIDEND
29 July 2014
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
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
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
021 807 3911
021 807 3059
PO Box 6185
57 Main Street
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 Deloitte 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 212 124
Free Fax: 0800 00 77 88
Free Post: KZN 138, Umhlanga Rocks, 4320
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