Hosken Consolidated Investments

Hosken Consolidated Investments
HCI
TypePublic
JSE: HCI
ISINZAE000003257
IndustryInvestment holdings
Finance
Founded11 June 1973 (11 June 1973)
FounderMarcel Golding
John Copelyn[1]
HeadquartersCape Town, South Africa
Area served
Worldwide
Key people
John Copelyn (CEO)
Velaphi Mphande (Chairman)
ServicesInvestments
RevenueIncrease R14.23 billion (2026)[2]
Increase R4.29 billion (2026)[2]
Decrease R2.54 billion (2026)[2]
Total assetsDecrease R64.18 billion (2026)[2]
Total equityIncrease R39.55 billion (2026)[2]
Number of employees
3,613 (2026)[3]
DivisionsHCI Properties
HCI Resources
Websitehci.co.za

Hosken Consolidated Investments (HCI) is a South African holding company with investments in the gambling, hotels, properties, mining, transport, and media sectors. It is also the majority owner of eMedia Investments, owner of e.tv, the first South African free-to-air private television channel.

Based in Cape Town, HCI was founded in 1973 and is listed on the Johannesburg Stock Exchange. Johnny Copelyn, a unionist and former politician, has been the company's CEO since 1997.

History

HCI was founded in 1973 by Marcel Golding and John Copelyn.[1]

In 1997, politician Johnny Copelyn left Parliament to lead HCI. By 2000, a number of financial institutions had lost trust in the investment company, and offered them an option to exit e.tv's control.[4]

In 2005, Cyril Ramaphosa (at the time of Johnnic) was involved in a failed bid to take over HCI's casino and real estate assets. HCI was bidding for majority control of the company, which was the investment fund's crown jewel back then.[5] Regulators approved HCI's takeover of Johnnic on 7 December, but with one condition, HCI would dispose of its control of the Gallagher Estate which houses the Pan-African Parliament.[6] In January 2006, four of Johnnic's directors, including Ramaphosa, resigned from the subsidiary.[7]

Marcel Golding resigned from his post on 22 October 2014, causing a 2% fall in shares at the Johannesburg Stock Exchange. His investment in Sabido, the subsidiary that ran e.tv at the time, lacked board approval[8] Barbara Hogan left a few days later, similar to what happened to Golding, after accusations of political interference on e.tv.[9] Fallout from these resignations caused e.tv's CEO Bronwyn Keene-Young to withdraw from her post.[10] On 1 December 2014, it announced that it would buy back 300 million rand from the management.[11]

In August 2022, HCI refused a proposal to become a minority shareholder in the Venus oil deposit off Namibia. It did however own an indirect 10% share, as HCI at the time had acquired 49,9% of British company Impact Oil.[12]

Assets

As of 2026, HCI's investment holding portfolio includes:

Industry Company Year of investment Current shareholding Ref.
Media and broadcasting eMedia Holdings 2001 54.1% [13]
YFM 1997 54% [14]
Gambling Tsogo Sun 2002 53.1% [13]
SunWest International 2002 20% [15]
Worcester Casino 2002 20% [15]
Hospitality Southern Sun 2002 45.8% [13]
Gallagher Convention Centre 2005 100% [16]
Manufacturing Deneb Investments 2014 84.2% [13]
Paarl-Vallei Botteleringsmaatskappy 2025 52.7% [17]
Transport Alpine Truck and Bus 2021 41.1% [18]
Golden Arrow Bus Services (via Frontier Transport Holdings) 2004 80.6% [19][20]
Mining HCI Resources 2006 100% [21]
Platinum Group Metals 2018 22.5% [22]
HCI Coal 2006 100% [21]
Oil and gas Impact Oil & Gas 2018 51.6% [23]
Africa Energy Corp. 2025 42.5% [24]
La Concorde Holdings 2011 90.0% [25]
Real estate HCI Properties 2005 100% [26]
Golf technology Inrange Golf 2018 42.4% [27]

References

  1. 1 2 Svetlana Doneva (28 October 2010). "Mutually reliant". News24. Retrieved 27 August 2026.
  2. 1 2 3 4 5 "Reviewed Condensed Annual Financial Statements for the Year Ended 31 March 2026" (PDF). Hosken Consolidated Investments. 26 May 2026. Retrieved 27 August 2026.
  3. ↑ "Hosken Consolidated Investments Ltd Company Profile". GlobalData. Retrieved 27 August 2026.
  4. ↑ "Union maverick's road to 'BEE' riches". The Mail & Guardian. 3 June 2016. Retrieved 28 April 2023.
  5. ↑ Reporter, Staff (30 September 2005). "Johnnic vs HCI: Round five".
  6. ↑ Reporter, Staff (7 December 2005). "Thumbs up for HCI takeover of Johnnic".
  7. ↑ Reporter, Staff (10 January 2006). "Ramaphosa, other directors resign from Johnnic".
  8. ↑ "HCI's suspension of Golding end of era, says activist". IOL.
  9. ↑ "HCI's Golding and Hogan both quit". Bizcommunity.
  10. ↑ McLeod, Duncan (29 October 2014). "Bronwyn Keene-Young quits e.tv".
  11. ↑ "HCI buys back shares from management". News24.
  12. ↑ "HCI weighs options on rich Venus oilfield". Business Day. 29 August 2022. Retrieved 28 April 2023.
  13. 1 2 3 4 "Reviewed Condensed Annual Financial Statements for the Year Ended 31 March 2026" (PDF). Hosken Consolidated Investments. 26 May 2026. Retrieved 27 August 2026.
  14. ↑ "Annual Financial Statements 2023" (PDF). Hosken Consolidated Investments. 2023. Retrieved 27 August 2026.
  15. 1 2 "Reviewed Condensed Annual Financial Statements for the Year Ended 31 March 2026" (PDF). Hosken Consolidated Investments. 26 May 2026. Retrieved 27 August 2026.
  16. ↑ "Johnnic buys time over sale of Gallagher Estate". Hosken Consolidated Investments. 29 September 2007. Retrieved 27 August 2026.
  17. ↑ "Reviewed Condensed Annual Financial Statements for the Year Ended 31 March 2026" (PDF). Hosken Consolidated Investments. 26 May 2026. Retrieved 27 August 2026.
  18. ↑ "Integrated Annual Report 2022" (PDF). Hosken Consolidated Investments. 2022. Retrieved 27 August 2026.
  19. ↑ "HCI Purchase of Golden Arrow Finalised". Hosken Consolidated Investments. 20 July 2004. Retrieved 27 August 2026.
  20. ↑ "Company Structure". Golden Arrow Bus Services. Retrieved 27 August 2026.
  21. 1 2 "Annual Financial Statements 2024" (PDF). Hosken Consolidated Investments. 2024. Retrieved 27 August 2026.
  22. ↑ "2026 Management Information Circular". Platinum Group Metals Ltd. 2026. Retrieved 27 August 2026.
  23. ↑ "Hosken Consolidated Investments Limited - Early Warning Report Filed Pursuant to National Instrument 62-103". Newswire. 30 September 2024. Retrieved 27 August 2026.
  24. ↑ "Hosken Consolidated Investments Limited - Implementation of Transaction and Disclosure of Disposal and Acquisition of Securities". Newswire. 4 August 2026. Retrieved 27 August 2026.
  25. ↑ "La Concorde Holdings". La Concorde Holdings. Retrieved 27 August 2026.
  26. ↑ "Annual Financial Statements 2024" (PDF). Hosken Consolidated Investments. 2024. Retrieved 27 August 2026.
  27. ↑ "Integrated Annual Report 2025" (PDF). Hosken Consolidated Investments. 28 July 2025. Retrieved 27 August 2026.
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