Page 19 - Niveus - Integrated report 2013

Appreciation
On 24 May 2013, Marcel Golding resigned as a director of Niveus to focus on the
media assets of the HCI group. We would like to thank him for his valued contribution
to the company.
We would also like to thank our board members and management for their
contributions during our first year as a listed company.
Outlook
As an investment company, the group will continue to evaluate investment
opportunities as they arise, but it is anticipated that the existing opportunities in the
gaming segment will utilise the group’s current cash resources at attractive rates of
return. New investment opportunities will have to compete with these opportunities
on a risk return basis. Risk-adjusted returns in the gaming segment are currently
attractive, given the group’s infrastructure and experience in this segment.
John Copelyn
André van der Veen
CHAIRMAN
CHIEF EXECUTIVE OFFICER
CHAIRMAN AND CEO’S REPORT
Niveus Investments Limited integrated Report 2013
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