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13-Nov-2018
(Official Notice)
Sabvest shareholders ("Shareholders") are referred to the circular issued to Shareholders on 28 September 2018 (the "Circular") in relation to:

- the specific repurchase by Sabvest of 3,471,602 Sabvest ?N? ordinary from Rand Merchant Bank, a division of FirstRand Bank Ltd. ("RMB"), in terms of sections 48, 114 and 115 of the Companies Act and the Listings Requirements of the JSE (the "Specific Repurchase"); and

- the repurchase by Sabvest of 101,511 Sabvest ordinary shares and 584,479 Sabvest ?N? ordinary shares from Sabvest Finance and Guarantee Corporation (Pty) Ltd. ("Sabvest Finance") in terms of the Listings Requirements of the JSE (the "Treasury Share Repurchase").



Further to the general meeting results announcement released on SENS on Monday, 29 October 2018, Shareholders are advised that all conditions precedent to the Specific Repurchase and the Treasury Share Repurchase have been fulfilled and both repurchases are accordingly unconditional.



As detailed in the circular, Sabvest will proceed with:

- the Specific Repurchase from RMB of 3 471 602 Sabvest ?N? ordinary shares at a price of R34.60 per ?N? ordinary share for a total consideration of approximately R120.1 million;

- the Treasury Share Repurchase from Sabvest Finance of 584 479 Sabvest ?N? ordinary shares at a price of R38.99 per ?N? ordinary share; and

- the Treasury Share Repurchase from Sabvest Finance of 101 511 Sabvest ordinary shares at a price of R42.50 per ordinary share.



The 4 056 081 ?N? ordinary shares and 101 511 ordinary shares repurchased will be delisted with effect from the commencement of trading on or about Monday, 19 November 2018 and will thereafter be cancelled.
29-Oct-2018
(Official Notice)
Results of the General Meeting

Sabvest shareholders ("Shareholders") are advised that at the general meeting of shareholders of the Company held on Monday, 29 October 2018 ("General Meeting"), the special and ordinary resolutions, as set out in the notice of General Meeting forming part of the circular to Shareholders dated 28 September 2018, were passed by the requisite majority of votes of shareholders present in person or represented by proxy. Special Resolution Number 2 was not put to a vote, as the Company had received no objections to Special Resolution Number 1 from Shareholders pursuant to Section 164 of the Companies Act 71 of 2008, as amended, and hence the passing thereof was not required. The total number of shares present/represented, including proxies, entitled to vote at the General Meeting was 15,949,800 ordinary shares or 93,24% of Sabvest?s issued ordinary share capital and 14,723,627 ?N? ordinary shares or 48,83% of Sabvest?s issued ?N? ordinary share capital as at Friday, 19 October 2018, being the record date to be eligible to vote at the General Meeting.



Revised salient dates and times 2018

*Last day for Sabvest minority shareholders who voted against the Specific Repurchase to require Sabvest to seek court approval for the Specific Repurchase in terms of section 115(3)(a) of the Companies Act, on:Monday, 5 November

*Last day to send notice of adoption of special resolutions to dissenting shareholders in accordance of section 164 of the Companies Act: Monday, 12 November

*Last day for Sabvest minority shareholders who voted against the Specific Repurchase to apply to court for leave to apply for a review of the Specific Repurchase in terms of section 115(3)(b) of the Companies Act:Monday, 12 November

*Compliance certificate expected to be received from the TRP: Tuesday, 13 November

*Finalisation announcement expected to be released on SENS: Tuesday, 13 November

*Finalisation announcement expected to be released in the South African press: Wednesday, 14 November

*Cancellation and delisting of shares on or about: Monday, 19 November
28-Sep-2018
(Official Notice)
Shareholders are referred to the announcement released on SENS on 10 September 2018. Using the terms defined therein, Sabvest shareholders are advised that the Circular to Shareholders containing the details of the Specific Repurchase and the Treasury Share Repurchase, and incorporating a notice of the General Meeting and form of proxy, has been posted today, 28 September 2018.



Shareholders are further advised that the Circular is available on the company?s website: http://www.sabvest.com/pdf/SABVEST%20CIRCULAR.pdf



Notice of the General Meeting

Notice is hereby given that the General Meeting of shareholders will be held at 11:30 on Monday, 29 October 2018 at Ground floor, Commerce Square, Building 4, 39 Rivonia Road, Sandhurst, Sandton to consider the resolutions as contained in the notice to the General Meeting which forms part of the Circular.



The salient dates and times relating to the General Meeting are set out below:

*Record date to determine which shareholders are entitled to receive the Circular: Friday, 21 September 2018

*Last day to trade in order to be eligible to attend and vote at the General Meeting: Tuesday, 16 October 2018

*Record date to be eligible to attend and vote at the General Meeting: Friday, 19 October 2018

*Last day to lodge forms of proxy for the General Meeting by 11:30 * on: Thursday, 25 October 2018

*General Meeting to be held at 11:30 on: Monday, 29 October 2018

*Results of General Meeting released on SENS on: Monday, 29 October 2018

* any proxies not lodged by this time must be handed to the chairperson of the General Meeting immediately prior to the General Meeting.
10-Sep-2018
(Official Notice)
16-Aug-2018
(Official Notice)
Shareholders are referred to the announcement released on SENS on 25 July 2018 relating to the offer of up to 16,650,276 Sabvest ?N? ordinary shares at ZAR 34.60 per share (the ?Placement? or ?Offer?) by two long-standing passive offshore shareholders (the ?Sellers?). Sabvest has been notified that 13,178,674 ?N? ordinary shares have been successfully placed in accordance with the terms of the Offer, raising gross proceeds of ZAR 456 million. Both new investors and existing shareholders participated in the Placement with a resulting improvement in the spread of shareholders and the Company?s free float. The Chairman, Deputy Chairman and CEO of Sabvest have also participated in the offer for up to ZAR 36.8 million, self funded by the directors.



Rand Merchant Bank, a division of FirstRand Bank Limited (?RMB?) has separately agreed, subject to the completion of satisfactory legal agreements, to acquire the balance of 3,471,602 ?N? ordinary shares from the Sellers. Subject to the approval of Sabvest shareholders in general meeting, the Company has undertaken to repurchase and cancel these ?N? ordinary shares held by RMB at the earliest practicable date.



Despite a track record of strong growth in NAV per share over the past fifteen years, Sabvest shares have historically been tightly held with the result that the Company has attracted minimal press or analyst coverage or any material following by public investors. The Offer process has materially raised the public profile of Sabvest and improved the spread and diversity of its shareholders. With the strategic imperative of increasing shareholder spread and liquidity fulfilled, the repurchase of the balance of the ?N? ordinary shares at R34.60 will further enhance the NAV per share and is viewed by the Company as an appropriate capital allocation from surplus cash resources. After the repurchase and subsequent cancellation there will be approximately 41.8 million ordinary and N ordinary shares in issue.
13-Aug-2018
(Official Notice)
Shareholders are advised that Sabvest intends to amend its current short-term and long-term executive incentive schemes (?STIP? and ?LTIP?) to include a performance metric of narrowing the discount at which Sabvest shares trade relative to its published NAV per share.



Shareholders are referred to the announcement on 25 July 2018 concerning the offer for sale of a material block of Sabvest N ordinary shares by two long-standing, offshore passive shareholders (the ?Placement?). The Placement price of R34.60 is at a 36.8% discount to NAV per share at the interim reporting date. Sabvest is of the view that the Placement will be beneficial to all Sabvest shareholders and the Company as it will materially increase the free float of the total shares in issue. It is therefore expected that Sabvest shares will trade more freely and in higher volumes than in the past.



In this context, it is in Sabvest shareholders? interests for the existing STIP and LTIP schemes, which are primarily driven by growth in NAV per share, to be amended such that a portion is conditional and will only vest if the share price discount to NAV meets the quantitative targets set by the Remuneration Committee for each calculation period, in addition to the existing NAV per share targets.



The introduction of this new metric from the start of the coming financial year is a modification to the schemes in order to achieve better alignment with shareholder value and is not an increase in overall cash incentives.



The Remuneration Committee is consulting on the appropriate calculation base, targets and periods, and the Remuneration Report at year end will contain details of the metrics agreed.
25-Jul-2018
(Official Notice)
20-Jul-2018
(C)
Gross income from operations and investments more than doubled to R227.2 million (R83.5 million). Net income for the period attributable to equity shareholders also shot up to R160.0 million (R54.3 million). In addition, headline earnings per share jumped to 352.9 cents per share (119.7 cents per share).



Dividend

Dividends are determined relative to Sabvest?s own cash flows from investments and services, and capital receipts or special dividends that are not earmarked for new investments.



A special dividend of 100 cents per share was paid in February 2018.



Dividends are considered twice annually. The normal dividend for the six months has been increased by 23% to 32 cents per share.



Company prospects

The group?s major unlisted investee companies are budgeting improved profitability in 2018 although trading at SA Bias? South African subsidiaries remains weak.



The group?s listed investee companies are performing to expectations but it is obviously not possible to project likely listed share prices.



The group continues to focus on its rand hedge characteristics and the majority of its asset base, directly and indirectly continues to be invested in foreign currency assets.



We anticipate a satisfactory year in 2018.
13-Jul-2018
(Official Notice)
Shareholders are advised that the unaudited results of Sabvest for the six months ended 30 June 2018 are expected to be within the following estimates:



Expected % increase six months to 30/06/2018 compared to 30/06/2017 - expected six months to 30/06/2018 cents

* Net asset value per share : 44.8 to 47.5% - 5400 to 5500 cents

* Dividends per share : 23.1% - 32 cents

* Headline earnings per share : >100% - 341 to 364 cents

* Earnings per share : >100% - 341 to 364 cents



Shareholders should note that net asset value per share for the six months ended 30 June 2018 would have increased by between 47.5% to 50.2%, or between 5500 cents ? 5600 cents, if the special dividend of 100 cents had not been paid in February 2018.



The expected increase in net asset value for the six months to 30/06/2018 from 31/12/2017 is between 6.2% - 8.2%.



Sabvest?s unaudited interim financial results for the six months ended 30 June 2018 are expected to be released on the Stock Exchange News Service on or about 20 July 2018.
16-May-2018
(Official Notice)
At the annual general meeting (?AGM?) of the shareholders of Sabvest held on Wednesday, 16 May 2018, all the ordinary and special resolutions proposed at the meeting were approved by the requisite majority of votes.
05-Jun-2018
(Official Notice)
The board advises shareholders that Lindiwe Mthimunye-Bakoro has been appointed an independent non-executive director of the Company with immediate effect. She will also join the audit and risk committee and the social and ethics committee.
23-Apr-2018
(Official Notice)
Shareholders are advised that the annual compliance report in terms of section 13G(2) of the Broad- Based Black Economic Empowerment Amendment Act No. 46 of 2013, is available on Sabvest?s website at www.sabvest.com.
10-Apr-2018
(Official Notice)
With regard to the audited results for the year ended 31 December 2017, shareholders are advised that annual financial statements will be distributed to shareholders on 10 April 2018 and contain modifications to the audited results which were published on SENS on 2 March 2018.



Notice of annual general meeting

Notice was given that the annual general meeting of Sabvest shareholders will be held at Ground Floor, Commerce Square, Building 4, 39 Rivonia Road, Sandhurst, Sandton at 09h30 on Wednesday, 16 May 2018 to transact the business as stated in the annual general meeting notice forming part of the annual financial statements.
28-Mar-2018
(Official Notice)
Sabvest released its preliminary report for the year ended 31 December 2017 on SENS on 2 March 2018. Shareholders are advised that Sabvest?s Annual Report including notice of annual general meeting will be posted on or about Thursday, 12 April 2018 and will be available on Sabvest?s website www.sabvest.com on the same day.
02-Mar-2018
(C)
Gross income from operations and investments shot up to R570.9 million (2016: R111.3 million) and net income for the year attributable to equity shareholders rose to R688.4 million (2016: R4.2 million). Furthermore, headline earnings per share jumped to 1 517.3 cents per share (2016: 9.2 cents per share).



Dividend

Dividends are determined relative to Sabvest?s own cash flows from investments and services, and capital receipts or special dividends that are not earmarked for new investments. Dividends are considered twice annually. The normal dividend has been increased by 11% to 61 cents per share and a special dividend of 100 cents per share has been declared. Both dividends were declared in January 2018 and paid in February 2018.



Company prospects

The group?s major unlisted investee companies are budgeting improved profitability in 2018. Its small investee companies are not expected to contribute significantly to Sabvest?s results at this stage but their prospects remain promising. The group?s listed investee companies are performing to expectations but it is obviously not possible to project likely listed share prices.



We anticipate a satisfactory year in 2018.

28-Feb-2018
(Official Notice)
Further to the trading statement issued on the Stock Exchange News Service ("SENS") on 2 January 2018, shareholders are advised that the financial results of Sabvest for the twelve months ended 31 December 2017 are expected to be within the following estimates:

Expected 12 months to 31 December 2017 % increase; Expected 12 months to 31 December 2017 cents and Audited 12 months to 31 December 2016 cents

*Net asset value per share: +34.9% to +37.3%; 5 030 to 5 120; 3 728

*Headline earnings per share: >100%; 1 500 to 1 520; 119.7

*Earnings per share: >100%; 1 500 to 1 520; 119.7



The company?s audited financial results for the year ending 31 December 2017 are expected to be released on SENS in the first week of March 2018.
14-Feb-2018
(Official Notice)
Further to the investment update released on the Stock Exchange News Service on 2 February 2018, shareholders are advised that Sabvest has implemented the R300m asset swap from rands to US dollars referred to therein. Based on the experience of years of investing in its existing offshore general portfolio and its direct participation in numerous technology investments and boards over a number of decades, Sabvest resolved to utilise a meaningful portion of its cash resources to establish a larger bespoke technology portfolio. The balance of USD7.3m held abroad after the asset swap will for the time being be held in cash and liquid interest-bearing instruments pending other investment opportunities.

02-Feb-2018
(Official Notice)
Further to the announcements released on the Stock Exchange News Service (?SENS?) on 2 January 2018, and using the definitions contained in those announcements, shareholders are advised that the Company has received a dividend of R.387 billion from SA Bias Industries (Pty) Ltd. to be applied, inter alia (and where applicable in accordance with the Company?s investment policy), as follows:

*USD34 million (R416 million) thereof to a 30% interest in Mandarin Industries Ltd. BVI;

*R93 million thereof to a 30% interest in ITLHSA, through Mandarin Holdings RSA;

*Sabvest has concluded arrangements, but has not yet implemented, an asset swap investment of R300 million, not less than R200 million of which will be applied to IT stocks substantially the same as or similar to Sabvest's existing offshore IT portfolio investments. Details of these investments will be announced once effected and no single investment will exceed 5% of Sabvest?s NAV. The balance of R100 million will be held in foreign currency instruments;

*the Company has determined to invest a further R250 million in certain existing investee companies, being specific listed and unlisted holdings in RSA, the details of which will be disclosed to shareholders in due course;

*R40 million towards the settlement of the Company?s short-term debt; and

* R61 million to effect payment of the cash dividends declared and announced on SENS on 23 January 2018 and 30 January 2018.



Following implementation of the above, the remaining balance of approximately R225 million will be retained in rand deposits / instruments, pending new investment opportunities.

30-Jan-2018
(Official Notice)
Notice is hereby given that a special gross dividend of 100 cents per ordinary and ?N? ordinary share has been declared out of income reserves. The group?s high cash balances resulting from the dividends received pursuant to the sale of an investee company?s subsidiary, is the basis of the board?s decision to declare this dividend.



The special dividend has been approved by the Financial Surveillance Department of the South African Reserve Bank. The issued share capital of the company at the declaration date is 17 076 804 ordinary and 28 883 000 ?N? ordinary shares. The income tax number of the company is 9375/105/716. The special dividend is a dividend defined in the Income Tax Act, 1962, and a dividend withholding tax at a rate of 20% will be deducted for all shareholders who are not exempt in terms of the legislation. This will result in a final net cash dividend of 80 cents per ordinary and ?N? ordinary share to non-exempt shareholders.

*Last date to trade ?CUM? dividend Tuesday, 13 February 2018

*Trading ?EX? dividend commences Wednesday, 14 February 2018

*Record date Friday, 16 February 2018

*Dividend payment date Monday, 19 February 2018



No dematerialisation or rematerialisation of share certificates will be allowed during the period Wednesday, 14 February 2018 to Friday, 16 February 2018.
23-Jan-2018
(Official Notice)
Notice was given that a final gross dividend of 35 cents (2016: 32 cents) per ordinary and ?N? ordinary share for the year ended 31 December 2017 has been declared out of income reserves.



The issued share capital of the company at the declaration date is 17 076 804 ordinary and 28 883 000 ?N? ordinary shares. The income tax number of the company is 9375/105/716.



Withholding tax on dividends at a rate of 20% will be deducted for all shareholders who are not exempt in terms of the legislation. This will result in a final net cash dividend of 28 cents per ordinary and ?N? ordinary share to non-exempt shareholders.



* Last date to trade ?CUM? dividend : Tuesday, 6 February 2018

* Trading ?EX? dividend commences : Wednesday, 7 February 2018

* Record date : Friday, 9 February 2018

* Dividend payment date : Monday, 12 February 2018



No dematerialisation or rematerialisation of share certificates will be allowed during the period Wednesday, 7 February 2018 to Friday, 9 February 2018.



The Board has also approved the declaration and payment in February of a special dividend of 100c a share subject to approval by SARB/FinSurv as required. The necessary application has been lodged and if approved shareholders will be advised of the relevant dates.
02-Jan-2018
(Official Notice)
Shareholders are advised that the financial results of Sabvest for the twelve months ending 31 December 2017 are expected to be as follows:

Expected 12 months to 31 December 2017 % increase

*Net asset value per +35,2%

*Headline earnings per share >100%

*Earnings per share >100%



Expected 12 monthsto 31 December 2017 cents:

*Net asset value per share 5 040

*Headline earnings per share 1 498

*Earnings per share 1 498



Sabvest will publish a further trading statement with expected ranges for each metric after the year-end once the expected results can be calculated relative to the year-end exchange rates and valuations.



The forecast financial information contained in this trading statement has not been reviewed and reported on by Sabvest?s external auditors. The Company?s audited financial results for the year ending 31 December 2017 are expected to be released on the Stock Exchange News Service (?SENS?) towards the end of February 2018.



Update to Sabvest shareholders

The expected increases arise primarily as a result of positive fair value adjustments pursuant to the disposals by SA Bias Industries (Pty) Limited, Sabvest?s largest investee company, of its International Trimmings and Labels (?ITL?) divisions for a cash consideration of approximately USD186,9m (R2,3bn at current prevailing exchange rates), being R165m (USD13,4m) for ITL South Africa (Pty) Limited and USD173,5m (R2,1bn) for the ITL International division, to a consortium of investors led by Mr Peter Gain. The effective date of the disposals is 31 December 2017. Sabvest has undertaken to invest directly in the new ITL group and a separate announcement in this regard has been released on SENS by Sabvest today, providing information to shareholders in terms of the JSE Limited Listings Requirements.
02-Jan-2018
(Official Notice)
24-Oct-2017
(Official Notice)
Shareholders are advised that Philip Coutts-Trotter (Philip) and Carl Coutts-Trotter (Carl) will resign as directors of the Company with effect from 31 October 2017.



The board committees will be reconstituted as follows:

Audit - Risk Committee

Nigel Hughes (independent non-executive Chairman)

Dawn Mokhobo (independent non-executive)

Bheki Shongwe (independent non-executive)



Remuneration Committee

Bheki Shongwe (independent non-executive Chairman)

Nigel Hughes (independent non-executive)

Dawn Mokhobo (independent non-executive)



Nominations Committee

Dawn Mokhobo (independent non-executive Chairman)

Nigel Hughes (independent non-executive)

Bheki Shongwe (independent non-executive)
11-Aug-2017
(Official Notice)
The Board advised shareholders on 19 June 2017 that Mr Charles Pettit would join Sabvest as an executive director on 1 September 2017 and that Sabvest and Mr Pettit would also form a JV investment company.



Sabvest and Mr Pettit have mutually agreed that it is not opportune to proceed with these arrangements at the present time primarily due to legacy investment holdings and corporate finance mandates held by Mr Pettit and his associates which might cause conflicts of interest in the short term.



Sabvest and Mr Pettit will continue to work together on existing investments in which both have interests and consider future investment and corporate finance opportunities together if appropriate.
31-Jul-2017
(C)
Gross income from operations and investments came in at R83.5 million (2016:loss of R78.7 million), net income for the period attributable to equity shareholders was R54.3 million (2016: loss of R127.2 million), while headline earnings per share came to 119.7 cents per share (2016: headline loss of 279 cents per share).



Dividend

Notice is hereby given that an interim gross dividend of 26 cents (2016: 23 cents) per ordinary and ?N? ordinary share for the six months ended 30 June 2017 has been declared out of income reserves.



Prospects

The group?s unlisted investee companies are trading satisfactorily which should continue to reflect in improved valuations. The group?s listed investee companies are trading to expectations. However, future movements in share prices are obviously uncertain as are the resultant valuations. Forecast information contained in this announcement has not been reviewed and reported on by the group?s external auditors. For and on behalf of the Board

26-Jul-2017
(Official Notice)
Shareholders are advised that the unaudited results of Sabvest for the six months ended 30 June 2017 are expected to be within the following estimates:

Expected 6 Months to 30/06/2017 % Increase

*Net asset value per share 8 to 11

*Dividends per share 13,0

*Headline earnings per share>100

*Earnings per share >100



Expected 6 Months to 30/06/2017 cents

*Net asset value per share: 3650 to 3750

*Dividends per share: 26

*Headline earnings per share: 112 to 125

*Earnings per share: 112 to 125



The financial information contained in this trading statement has not been reviewed and reported on by Sabvest?s external auditors. Unaudited results for the six months ended 30 June 2017 are expected to be released on SENS at or about the end of July 2017.

28-Jun-2017
(Official Notice)
Shareholders are advised that Sabvest has restructured the form of its investment in Torre Industries Ltd. (?Torre?) by disposing of 63m Torre shares held by certain of its subsidiaries to Newshelf 1400 (Pty) Ltd. (?SPV?) at a value of 135 cents per share in exchange for ordinary shares in SPV which is currently owned by Charles Pettit.



In addition, MIC Investment Holdings (Pty) Ltd has disposed of 66 464 571 Torre shares to SPV in exchange for shares in SPV.



On conclusion of these transactions, Sabvest?s subsidiaries will collectively own 48.67% of SPV which will own 25.18% of Torre.
19-Jun-2017
(Official Notice)
The Board advised shareholders that Charles Pettit (36), B.Com (Hons), CFA will be appointed as an executive director of the Company effective 1 September 2017.



In addition to his executive functions for Sabvest, Charles will be directly responsible for running a new JV investment and corporate finance company owned jointly by Sabvest and Charles and through which selected new investments will be made.
16-May-2017
(Official Notice)
At the annual general meeting (?AGM?) of the shareholders of Sabvest held today, 16 May 2017 , all the ordinary and special resolutions proposed at the meeting were approved by the requisite majority of votes.
31-Mar-2017
(Official Notice)
With regard to the audited results for the year ended 31 December 2016, shareholders are advised that the annual financial statements will be distributed to shareholders on or about 31 March 2017 and contain no modifications to the audited results which were published on SENS on 28 February 2017.



Notice of the annual general meeting

Notice was given that the Annual General meeting of Sabvest Limited shareholders will be held at Ground Floor, Commerce Square, Building 4, 39 Rivonia Road, Sandhurst, Sandton at 09h30 on Tuesday, 16 May 2017 to transact the business as stated in the annual general meeting notice forming part of the annual financial statements.
28-Feb-2017
(C)
Gross income from operations and investements dropped to R111.3 million (2015: R590.3 million) and net income attributable to equity shareholders plunged to R4.2 million (2015: R459.9 million). Headline earnings per share declined to 9.2 cents per share (2015: 1 003.9 cents per share).



Dividend

Notice is hereby given that a final gross dividend of 32 cents (2015: 29 cents) per ordinary and ?N? ordinary share, out of income reserves, for the twelve months ended 31 December 2016 has been declared.



Prospects

The group?s unlisted investee companies are budgeting for improved profitability in 2017. Most of the group?s listed investee companies are performing to expectations except for those trading in the industrial and mining sectors in Africa where performance is difficult to project. It is obviously not possible to project likely listed share prices. Overall the group anticipates a satisfactory year in 2017.



15-Feb-2017
(Official Notice)
Shareholders are advised that the results for the twelve months ended 31 December 2016 are expected to be within the following estimates:



Change - Expected 31/12/2016 cents - Reported 31/12/2015 cents

* Net asset value per share : -4.54% to -0.24% - 3550 ? 3710 - 3719

* Headline earnings per share : -99.8% to -97.5% - 2 ? 25 - 1003.9

* Earnings per share : -99.8% to -97.5% - 2 ? 25 - 1003.9

* Dividends per share - normal : +10.0% - 55 - 50



The results for 2016 have been affected by negative fair value adjustments largely arising from falls in the listed share prices of Sabvest?s portfolio holdings in Brait and Torre during the year and by a one-off increase in the deferred tax liability on fair value adjustments relating to prior years due to the increase in the enacted rate of CGT.



Audited results for the year ended 31 December 2016 are expected to be released on SENS at the end of February 2017.
19-Jan-2017
(Official Notice)
Philip Coutts-Trotter has advised the board that he will retire as non-executive chairman and as a member of the Nominations and Remuneration committees at the AGM on 15 May 2017 but will continue as a non-executive director.



Philip is also executive chairman of Sabvest?s largest investee company, S A Bias Industries (Pty) Ltd. Philip will be relinquishing his executive responsibilities at S A Bias but will continue as its non-executive chairman.



Arising from this change, the board advises shareholders of the following appointments and the reorganization of its committees, effective 15 May 2017:

*Dawn Mokhobo, currently deputy chairman of Sabvest, will be appointed as independent non-executive chairman.

*Bheki Shongwe, currently a non-executive director of Sabvest, will be appointed independent non-executive deputy chairman.



The Remuneration Committee will be reconstituted as follows:

*Nigel Hughes (Chairman) - independent NED

*Carl Coutts-Trotter (Member) - NED

*Dawn Mokhobo (Member) - independent NED



The Nominations Committee will be reconstituted as follows:

*Dawn Mokhobo (Chairman) - independent NED

*Carl Coutts-Trotter (Member) - NED

*Nigel Hughes (Member) - independent NED



There will be no changes to the composition of the Audit Committee or of the Social - Ethics Committee.



The Sabvest board will accordingly continue to comprise seven directors of whom five are non-executive and of whom three are independent. The board and all of the committees are correctly constituted as required by the Companies Act, the JSE and King IV, as applicable.

10-Oct-2016
(Official Notice)
Shareholders are advised that Sabvest has acquired a 25% interest in the business of Flexo Line Products (?Flexo?) through a new company formed for that purpose.



Flexo is a manufacturing business that has been based in Cape Town for over forty years. It specialises in high quality injection moulded plastic products primarily for the spice industry locally and internationally, but also for the furniture, hardware, stationery, toy and educational sectors.



The investment in Flexo forms part of Sabvest?s portfolio of unlisted industrial investments and which currently comprises interests in:

* S A Bias Industries whose principal divisions are International Trimmings and Labels (ITL), Narrowtex and Flowmax;

* Sun Spray Food Ingredients; and

* Masimong Chemicals
29-Jul-2016
(C)
Gross loss from operations and investments came in at R78.7 million (2015: income of R188.2 million), net loss for the period attributable to equity shareholders was R127.2 million (2015: profit of R150 million), while headline loss per share widened to 279 cents per share (2015: earnings of 327.5 cents per share).



Dividend

Notice is hereby given that an interim gross dividend of 23 cents (2015: 21 cents) per ordinary and ?N? ordinary share for the six months ended 30 June 2016 has been declared out of income reserves.



Outlook

The group?s unlisted investee companies are trading satisfactorily but economic conditions continue to be weak and their earnings are expected to be under pressure in the second half of the year. The group?s listed investee companies are trading to expectations. However, conditions in the industrial and mining sectors in South Africa continue to weaken. Future movements in share prices are obviously uncertain but in our view share prices will weaken further in the second half of the year.
15-Jul-2016
(Official Notice)
Shareholders are advised that the unaudited results of Sabvest for the six months ended 30 June 2016 are expected to be within the following estimates:



Expected 6 Months to 30/06/2016 % Increase/ (Decrease); Expected 6 Months to 30/06/2016 cents; Reported 6 Months to 30/06/2015 cents; Audited 12 Months to 31/12/2015 cents

*Net asset value per share: 7.6% - 18.9%; 3 225c - 3 564c; 2 997c; 3 719c

*Interim dividends per share: 9.5%; 23c; 21c; 50c

*Headline earnings per share: (180.9%) - (189.4%); (265c) - (293c); 327.5c; 1 003.9c

*Earnings per share: (180.9%) - (189.4%); (265c) - (293c); 327.5c; 1 003.9c



The financial information contained in this trading statement has not been reviewed and reported on by Sabvest?s external auditors. Unaudited results for the six months ended 30 June 2016 are expected to be released on SENS on or about the end of July 2016.





04-Jul-2016
(Official Notice)
Shareholders are advised that Sabvest expects its headline earnings per share (?HEPS?) and earnings per share (?EPS?) for the six months ended 30 June 2016 (?the period?) to be at least 20% or at least 65.5 cents lower than the reported HEPS and EPS of 327.5 cents for the six months ended 30 June 2015. At this stage Sabvest is expecting that both earnings metrics may be negative for the period. As a result there may also be a drop in net asset value (?NAV?) per share compared to that of 3719 cents as at 31 December 2015.



These expectations are largely a result of lower share prices in Sabvest?s listed portfolio in South Africa and a consequent valuation loss for the period, as well as a result of a deferred tax expense on prior year valuation gains to take account of the higher enacted capital gains tax (?CGT?) rates.



The interim dividend is expected to be at least the same as the prior year.



A more detailed trading statement will be issued in mid-July and the Company?s interim results are expected to be released on the Stock Exchange News Service at the end of July 2016.
19-May-2016
(Official Notice)
Shareholders are advised that Ms Paige Atkins has resigned as Company Secretary of Sabvest with effect from 1 June 2016. The company advises that Levitt Kirson Management Services cc , of which Ms Wendy Miller B.Com LLB is the Legal Director, has been appointed as Company Secretary of Sabvest effective 1 June 2016.
11-May-2016
(Official Notice)
At the annual general meeting (?AGM?) of the shareholders of Sabvest held today, 11 May 2016, all the ordinary and special resolutions proposed at the meeting were approved by the requisite majority of votes.



The special resolutions will be, where necessary, lodged for registration with the Companies and Intellectual Property Commission in due course.
30-Mar-2016
(Official Notice)
With regard to the audited results for the year ended 31 December 2015, shareholders are advised that the annual financial statements will be distributed to shareholders on or about 30 March 2016 and contain no modifications to the audited results which were published on SENS on 26 March 2016.



Notice of the annual general meeting

Notice is hereby given that the annual general meeting of Sabvest shareholders will be held at Ground Floor, Commerce Square, Building 4, 39 Rivonia Road, Sandhurst, Sandton at 10h00 on Wednesday, 11 May 2016 to transact the business as stated in the annual general meeting notice forming part of the annual financial statements.



Salient dates

*Record date to determine which shareholders are entitled to receive the notice of annual general meeting -- Friday, 18 March 2016

*Last day to trade in order to be eligible to attend and vote at the annual general meeting -- Thursday, 28 April 2016

*Record date to determine which shareholders are entitled to attend and vote at the annual general meeting -- Friday, 6 May 2016

Forms of proxy for the annual general meeting to be lodged *10h00 on Tuesday, 10 May by 2016

* Any proxies not lodged by this time must be handed to the chairperson of the annual general meeting immediately prior to the annual general meeting.
26-Feb-2016
(C)
Gross income from operations and investments soared to R590.3 million (2014: R246.9 million), net income for the year attributable to equity shareholders increased to R459.9 million (2014: R204.6 million), while headline earnings per share more than doubled to 1 003.9 cents per share (2014: 444.7 cents per share).



Dividend

Notice is hereby given that a final gross dividend of 29 cents (2014: 25 cents) per ordinary share and ?N? ordinary share, out of income reserves, for the twelve months ended 31 December 2015 has been declared.



Prospects

The group?s unlisted industrial investees are budgeting for improved profitability in 2016 but this may be affected by any strengthening of the rand and weaker trading conditions. The group?s listed investee companies are performing to expectation in a difficult trading environment. Share prices have weakened in the first two months of the year and future movements in share prices are obviously uncertain. It is not possible to comment on overall expected 2016 performance at this stage due to the likely effects on fair values of reduced listed share prices and of the strengthening rand on foreign currency earnings and valuations.
18-Feb-2016
(Official Notice)
Shareholders are advised that the results for the twelve months ended 31 December 2015 are expected to be within the following estimates:



Expected 31/12/2015

*Net asset value per share: 33.7% to 40% change : 3589c - 3756c

*Headline earnings per share : 115.7% to 134.6% change: 960c - 1044c

*Earnings per share: 115.7% to 134.6% change: 960c - 1044c

*Dividends per share normal: 16,3% change: 50c



The figures contained in this trading statement have not been reviewed and reported on by Sabvest?s external auditors. Audited results for the year ended 31 December 2015 are expected to be released on SENS by the end of February 2016.

12-Nov-2015
(Official Notice)
Shareholders were advised in the interim results announcement released on the Stock Exchange News Service of the JSE Ltd. on 29 July 2015 that Sabvest had made an investment commitment of R45 million which was expected to become unconditional in Q-4 2015.



Sabvest advised that it has acquired certain financial instruments in Masimong Chemicals (Pty) Ltd. (?Chemicals?) for R45 million. The returns on the instruments are linked to the market value of approximately 15 million shares in Rolfes Holdings Ltd. (?Rolfes?) being just under 10% of the Rolfes shares in issue. Chemicals is wholly owned by Masimong Holdings (Pty) Ltd. which is in turn owned by Messrs Michael Teke and Douglas Gain. Chemicals owns 32,4% of the Rolfes shares in issue and Michael Teke is a director of Rolfes.



Sabvest advises further that it has also purchased 3 million Rolfes shares (2%) directly for R9 million. Rolfes is an acquisitive JSE-listed manufacturer and distributor of a diverse range of market leading high quality chemical products through its Agricultural, Water, Industrial and Food divisions.
29-Jul-2015
(C)
Gross income from operations and investments for the interim period jumped to R188.2 million (R48.0 million). Net income for the period attributable to equity shareholders shot up to R150.0 million (R37.0 million). In addition, headline earnings per share multiplied to 327.5 cents per share (80.0 cents per share).



Interim cash dividend

Notice is hereby given that an interim gross cash dividend of 21 cents (2014: 18 cents) per ordinary and ?N? ordinary share for the six months ended 30 June 2015 has been declared out of income reserves.



Prospects

The group?s unlisted investee companies are trading satisfactorily.



The group?s listed investee companies are trading to expectations but the future movements in share prices are obviously uncertain. Overall we anticipate a satisfactory year for the group.
16-Jul-2015
(Official Notice)
Shareholders are advised that the unaudited results of Sabvest for the six months ended 30 June 2015 are expected to be within the following estimates:



6 Months to 30/06/2015 % increase - Expected 6 Months to 30/06/2015 cents

* Net asset value per share : 17.8 to 29.2 - 2850 to 3125

* Interim dividend per share : 16.7 - 21

* Headline earnings per share : 300 to 320 - 320 to 336

* Earnings per share : 298 to 317.9 - 320 to 336



The figures contained in this trading statement have not been reviewed and reported on by Sabvest?s external auditors. Sabvest?s unaudited results for the six months ended 30 June 2015 are expected to be released on the Stock Exchange News Service on or about the end of July 2015.
13-May-2015
(Official Notice)
At the annual general meeting ("AGM") of the shareholders of Sabvest held today, 13 May 2015 all the ordinary and special resolutions proposed at the meeting were approved by the requisite majority of votes.
30-Mar-2015
(2)
With regard to the audited results for the year ended 31 December 2014, shareholders are advised that the annual financial statements will be distributed to shareholders today, 30 March 2015 and contain no modifications to the audited results which were published on the Stock Exchange News Service of the JSE Limited on 26 February 2015.



Notice of the annual general meeting

Notice is hereby given that the annual general meeting of Sabvest shareholders will be held at Ground floor, Commerce Square, Building 4, 39 Rivonia Road, Sandhurst, Sandton on Wednesday, 13 May 2015 at 10:00 to transact the business as stated in the annual general meeting notice forming part of the annual financial statements.



Salient dates

The notice of the Company's annual general meeting has been sent to its shareholders who were recorded as such in the Company?s securities register on Friday, 20 March 2015 being the notice record date set by the Board of the Company used to determine which shareholders are entitled to receive notice of the annual general meeting.



The record date on which shareholders of the Company must be registered as such in the Company?s securities register in order to attend and vote at the annual general meeting is Friday, 8 May 2015 being the voting record date set by the Board of the Company used to determine which shareholders are entitled to attend and vote at the annual general meeting. The last day to trade in order to be entitled to vote at the annual general meeting will therefore be Thursday, 30 April 2015. Proxy forms must be lodged by no later than 10:00 on Tuesday, 12 May 2015. Any forms of proxy not lodged by this time must be handed to the chairperson of the annual general meeting immediately prior to the annual general meeting.
26-Feb-2015
(C)
Gross income from operations and investments fell to R246.9 million (R360.6 million). Net income attributable to equity holders slumped to R204.6 million (R279.8 million). Furthermore, headline earnings per share plummeted to 444.7 cents per share (607.9 cents per share).



Dividend

A final gross dividend of 25 cents (2013: 22 cents) per ordinary share and ?N? ordinary share, out of income reserves, for the twelve months ended 31 December 2014 has been declared.



Prospects

Sabvest?s unlisted investee companies are budgeting for improved profitability in 2015.



Sabvest?s listed investee companies are performing to expectation. However, future movements in share prices are obviously uncertain. Overall we anticipate a satisfactory year for the group in 2015.
17-Feb-2015
(Official Notice)
Shareholders are advised that the results for the twelve months ended 31 December 2014 are expected to be within the following estimates:



Expected 31/12/2014 :

*Headline earnings per share 423c to 467c

*Earnings per share 423c to 467c



Shareholders should note that net asset value per share would have increased by between 12,3% - 23,7% or between 2649 cents - 2917 cents if the special dividend of 100 cents had not been paid. Further, the net asset value per share takes no account of the effects of the possible disposal of Sabvest?s interest in Set Point Group (Pty) Limited as advised on SENS on 16 February 2015.

The figures contained in this trading statement have not been reviewed and reported on by Sabvest?s external auditors. Audited results for the year ended 31 December 2014 are expected to be released on SENS on or about the end of February 2015.
16-Feb-2015
(Official Notice)
10-Dec-2014
(Official Notice)
Changes to committees



Shareholders are advised that Sabvest has constituted separate Remuneration and Nominations committees with the following composition:



Remuneration committee

*Dawn Mokhobo (Chairperson)

*Nigel Hughes

*Philip Coutts-Trotter



Nominations committee

*Nigel Hughes (Chairman)

*Philip Coutts-Trotter

*Dawn Mokhobo



As the Non-executive Chairman of the company is not independent by definition, the lead independent director chairs the Nominations Committee.

03-Oct-2014
(Official Notice)
Shareholders are advised that Sabvest has posted its quarterly international portfolio schedules at 30 September 2014 on its website www.sabvest.com.



The portfolio currently comprises:

*Equity portfolio -- USD10.9m

*Bond portfolio -- USD4.9m

*Total portfolio -- USD15.8m
30-Jul-2014
(C)
Gross income from operations and investments dropped to R48 million (2013: R75.3 million), while net income for the period attributable to equity shareholders lowered to R37 million (2013: R55.6 million). Furthermore, headline earnings per share weakened to 80 cents per share (2013: 120.7 cents per share).



Interim dividend

An interim gross cash dividend of 18 cents (2013: 18 cents) per ordinary and "N" ordinary share for the six months ended 30 June 2014 has been declared out of income reserves.



Special dividend

The directors have declared a special cash dividend of 100 cents per ordinary and "N" ordinary share out of income reserves. The necessary SARB approval has been obtained for the declaration of the special dividend.



Prospects

The group's unlisted investee companies are trading satisfactorily overall but their South African operations are unlikely to show growth in profitability until 2015 once the South African economy has stabilised from the effects of the strikes. The group's listed investee companies are performing to expectations. However, the future movements in share prices are obviously uncertain. Overall Sabvest anticipates a satisfactory year for the group, but with results at lower levels than the record performances of 2013.
23-Jul-2014
(Official Notice)
Shareholders are advised that the unaudited results of Sabvest for the six months ended 30 June 2014 are expected to be within 5% (up or down) of the following estimates:

Six months to 30/06/2014 - six months to 30/06/2013 - twelve months to 31/12/2013:

* Net asset value per share: 2 419 - 1 978 - 2 358

* Headline earnings per share: 80.4 - 120.7 - 607.9

* Earnings per share: 80.4 - 120.8 - 607.9

* Interim dividends per share: 18 - 18 - 40

* Special dividends per share: 100 - 0 - 100



Unaudited results are expected to be released on SENS at the end of July 2014.
14-May-2014
(Official Notice)
At the annual general meeting of shareholders of Sabvest held today, 14 May 2014, the nine ordinary and three special resolutions proposed at the meeting were all unanimously approved.



The special resolutions will be lodged for registration with the Companies and Intellectual Property Commission in due course.
22-Apr-2014
(Official Notice)
Shareholders are advised of the following changes to the board, effective on 22 April 2014:

* Haroon Habib has retired as a director and Chairman of the Board as part of a personal decision to reduce his business commitments as he approaches age 75.



The following directors of Sabvest have kindly accepted new roles:

* Philip Coutts-Trotter, currently Deputy Chairman, has been appointed Non-Executive Chairman.

* Dawn Mokhobo has been appointed Independent Non-Executive Deputy Chairperson.

* Nigel Hughes has been appointed Lead Independent Director.



The Board now comprises seven directors of whom five are non-executive and of whom three are independent. There are no changes to the composition of the three board committees.
15-Apr-2014
(Official Notice)
Sabvest maintains a geared offshore portfolio of international listed equities, bonds and funds. Details are contained in the annual report and are also posted on Sabvest's website six monthly after the publication of results.



As the offshore portfolio may change extensively between reporting dates, Sabvest has concluded that it would be of benefit to shareholders for details to be available to shareholders on a more regular and timely basis. Accordingly, Sabvest intends to place an updated portfolio on its website shortly and thereafter within ten working days of the end of each calendar quarter. The quarterly updated portfolio schedule will not be audited, except when published after the release of annual audited results.



Offshore portfolio update

At 31 December 2013 the portfolio comprised 17 equities with a value of USD8.4 million (R88.4 million) and 7 bonds with a value of USD4.9 million (R51.2 million) ie USD13.3 million (R139.6 million) in total. At 14 April 2014, the portfolio contained no equities, as all equities were sold in March 2014, and comprised 14 bonds and 4 bond funds with a value of USD8.6 million (R90.8 million).
31-Mar-2014
(Official Notice)
Shareholders are advised that the annual financial statements of Sabvest Limited will be distributed to shareholders on Monday, 31 March 2014 and contain no modifications to the audited results which were released on SENS on 27 February 2014.



Notice of the annual general meeting

Notice is hereby given that the 2014 annual general meeting of Sabvest Limited shareholders will be held at 10h00 on Wednesday, 14 May 2014 at Ground Floor, 4 Commerce Square, 39 Rivonia Road, Sandhurst to transact the business as stated in the annual general meeting notice forming part of the annual financial statements.



Salient dates

*Record date to determine which shareholders are entitled to receive the notice of annual general meeting Thursday, 20 March 2014

*Last day to trade in order to be eligible to attend and vote at the annual general meeting Wednesday, 30 April 2014

*Record date to determine which shareholders are entitled to attend and vote at the annual general meeting Friday, 9 May 2014

*Forms of proxy for the annual general meeting to be lodged by 10h00 on Tuesday, 13 May 2014

*any proxies not lodged by this time must be handed to the chairperson of the annual general meeting immediately prior to the annual general meeting.

27-Feb-2014
(C)
Gross income from operations and investments jumped to R360.6 million (R220.2 million). Net income attributable to equity holders shot up to R279.8 million (R142.4 million). Furthermore, headline earnings per share almost doubled to 607.9 cents per share (308.4 cents per share).



Dividends

Dividends are determined relative to Sabvest's own recurring cash flows from investments and services and capital receipts that are not earmarked for new transactions.



Dividends are considered twice annually. The level of cash generation from the group?s investee companies continues to increase. Accordingly the dividend for the year has been increased by 25% to 40 cents per share.



Prospects

The group's unlisted investee companies are budgeting for improved profitability in 2014. The results may be negatively affected by any strengthening of the Rand and if the disruption and low level of activity in the mining and associated industries continues.



The group's listed investee companies are performing to expectations. However, the future movements in share prices are obviously uncertain.



Overall, Sabvest anticipates a satisfactory year for the group but with results at lower levels than in 2013.
20-Feb-2014
(Official Notice)
Shareholders are advised that the results for the twelve months ended 31 December 2013 are expected to be within 5% (up or down) of the following estimates:



31/12/2013 and 31/12/2012 (cents)

Net asset value per share -- 2358*; 1855

Dividends per share - normal -- 40; 32

Dividends per share - special -- 100; -

Headline earnings per share -- 607; 308

Earnings per share -- 607; 308

* Stated after special dividends



Audited results for the year ended 31 December 2013 are expected to be released on SENS on or about the end of February 2014.
03-Dec-2013
(Official Notice)
Shareholders are referred to the Company's announcement on 29 October 2013 in which shareholders were advised that the Board was considering ways to utilise its STC credits of 312c to the benefit of shareholders prior to the expiry of the credits in 2015. Notice is given that the directors have declared a special cash dividend of 100 cents per ordinary and N ordinary share out of income reserves.



The Company has utilised STC credits amounting to 100 cents per share. As a result there will be no dividend withholding tax from the special dividend for any Sabvest shareholders including those who are not exempt by definition. The Company's unutilised STC credits after the special dividend will be 212 cents per share. The issued share capital of the Company at the declaration date is 17 295 984 ordinary shares and 29 479 854 N ordinary shares. The income tax number of the Company is 9375/105/716.



The following dates apply to the dividend:

* Last date to trade CUM dividend : 18 December 2013

* Trading EX dividend commences : 19 December 2013

* Record date : 27 December 2013

* Dividend payment date : 30 December 2013



No dematerialisation or rematerialisation of share certificates will be allowed during the period 19 December 2013 to 27 December 2013, both days inclusive. Shareholders are further advised that the Company will fund the dividend from cash on hand, the sale of some investments in its RSA listed portfolio and the early repayment of share trust receivables.
21-Nov-2013
(Official Notice)
Shareholders are advised that Mr Graham Nel has notified the Company that he intends to retire from the Sabvest Board with effect from 31 December 2013 as part of his plan to reduce his board commitments and spend more time with his family.
29-Oct-2013
(Official Notice)
Shareholders are advised that:

* This announcement does not constitute a dividend declaration or a binding commitment to declare any dividends at any level and is issued to share the Board's deliberations on Sabvest's dividend policy with shareholders.

* Sabvest's current dividend policy is that dividends are determined relative to Sabvest's own recurring cash flows from investments and services and from capital receipts that are not earmarked for new investments.

* Sabvest declared dividends of 34 cents per share relative to the 2012 financial year and has declared an interim dividend of 18 cents for the 2013 financial year.

* No dividend withholding tax (DWT) has been deducted from dividends to any shareholders as Sabvest has utilised Secondary Tax on Companies (STC) credits carried forward as allowed under the transition arrangements from STC to DWT.

* After the transition period, most of Sabvest's shareholders will be subject to DWT.

* The Board is accordingly of the view that it is in the interests of shareholders that it should make best endeavours to utilise some or all of the current unutilised STC credits of 312 cents per share before the expiry of the transition period on 31 March 2015 by realising some portfolio assets or raising debt to pay special and/or advance dividends in addition to normal dividends, subject to the approval of its bankers and the appropriateness of any realisations made or debt raised.
30-Jul-2013
(C)
Gross income from operations and investments decreased to R75.3 million (R106.7 million). Net income for the period attributable to equity shareholders grew to R55.6 million (R55.2 million). In addition, headline earnings per share rose to 120.7cps (119.5cps).



Dividend

Notice was given that an interim gross cash dividend of 18c (12c) per ordinary and N ordinary share, out of income reserves, for the six months ended 30 June 2013 has been declared.



Prospects

The group's unlisted investments have sound growth prospects but in the current period those with South African operations are under trading pressure in the weak economic climate that persists. A further negative has been the continued disruption and the low levels of activity in the mining and associated industries.



The group's listed investee companies are performing to expectations. However, the future movement in share prices is obviously uncertain.



Overall, Sabvest anticipates a satisfactory year for the group.
24-Jul-2013
(Official Notice)
Shareholders are advised that the unaudited results for the six months ended 30 June 2013 are expected to be within 5% (up or down) of the following estimates:

30/06/2013 cents - Percentage Growth - 30/06/2012 - 31/12/2012

* Net asset value per share: 1978 - 19 - 1662 - 1855

* Dividend per share: 18 - 50 - 12 - 32

* Headline earnings per share: 120.7 - 1 - 119.5 - 308.4

* Earnings per share: 120.8 - 1 - 119.5 - 308.6



Shareholders' attention is drawn to the SENS announcement dated 31 May 2013 in which Sabvest advised a change of accounting policy in terms of which all of it's investments are now fair valued through the income statement, including investments in unlisted associates which were previously equity accounted. The preliminary results above are presented on this basis. Unaudited results are expected to be released on SENS by the end of July 2013.
31-May-2013
(Official Notice)
Shareholders are advised that:

* Sabvest is an investment group whose current accounting policy is to fair value listed investments and small unlisted investments and equity account investments where the interest is between 20% and 50% ("associates").

* Sabvest has historically also provided the intrinsic value of all its investments in its annual audited financial statements as well as the shareholders' funds at intrinsic value. The intrinsic value of the associates represents the directors' fair value of the associates. Shareholders' funds at intrinsic value represent the net asset value using fair value for all investments including associates after deducting notional deferred tax that would be payable should the investments be sold at fair value.

* The Board of Sabvest is of the view that this hybrid approach, which is permitted under IAS28, results in a material under-statement of shareholders funds, investments and deferred tax in its IFRS accounts and that it would be in the interests of stakeholders to change its accounting policy to fair value all of its investments (as done by a number of other listed investment groups), which will incorporate the directors? intrinsic valuation of the investments into the results and financial position.

* Accordingly Sabvest will elect the exemption permitted in IAS28 to fair value associates and thereby fair value its entire portfolio with effect from 1 January 2013. This will also facilitate compliance with the changes to IFRS10 for investment companies which are effective on 1 January 2014 but which may be early adopted.

* This change in accounting policy necessitates comparatives be adjusted to provide information on a consistent basis.

* To the extent that trading statements are required in the current year, these will be calculated relative to the revised comparative financial results for the corresponding period. The revised comparatives, taking into account the change in accounting policy, will be included in the interim and final results announcements for 2013. To facilitate shareholders' appreciation of the change the restated statements of financial position for the financial years 2011 and 2012 are set out below. These restated statements incorporate the directors intrinsic value of associates as reported in the audited annual financial statements for the years 31 December 2011 and 31 December 2012.
24-Apr-2013
(Official Notice)
At the annual general meeting of the shareholders of Sabvest held on 24 April 2013, all the ordinary and special resolutions proposed at the meeting were approved unanimously. The special resolutions will be lodged for registration with the Companies and Intellectual Property Commission in due course.
25-Mar-2013
(Official Notice)
Shareholders were advised that the annual financial statements of Sabvest will be distributed to shareholders on Monday, 25 March 2013.



Notice of the annual general meeting

Notice was given that the 2013 annual general meeting of Sabvest shareholders will be held at 09h00 on Wednesday, 24 April 2013 at Ground Floor, 4 Commerce Square, 39 Rivonia Road, Sandhurst to transact the business as stated in the annual general meeting notice forming part of the annual financial statements.



Salient dates

*Record date to determine which shareholders are entitled to receive the notice of annual general meeting -- Friday, 15 March 2013

*Last day to trade in order to be eligible to attend and vote at the annual general meeting -- Friday, 12 April 2013

*Record date to determine which shareholders are entitled to attend and vote at the annual general meeting -- Friday, 19 April 2013

*Forms of proxy for the annual general meeting to be lodged by 09h00 on Tuesday, 23 April* 2013

*any proxies not lodged by this time must be handed to the chairperson of the annual general meeting immediately prior to the annual general meeting.
26-Feb-2013
(C)
Gross income from operations and investments grew to R172.8 million (R155.5 million). Total comprehensive income for the year attributable to equity shareholders jumped to R140.6 million (R83.9 million). Furthermore, headline earnings per share shot up to 300.9 cents per share (178.1 cents per share).



Dividend

Notice was given that a final gross dividend of 20 cents (20 cents) per ordinary share and N ordinary share, out of income reserves, for the twelve months ended 31 December 2012 has been declared making a total of 32 cents (24 cents) for the year.



Prospects

The group's three industrial associates have sound growth prospects particularly those of the extensive international operations of SA Bias Industries. However, Set Point Group is experiencing difficult trading conditions arising primarily from the disruption in the mining sector and this will impact its results in the current year.



The group's listed investee companies are performing well. However, the required use of IFRS fair value accounting based solely on listed share prices at the reporting dates and the major run up in the share prices of the groups holdings in 2012 make it very unlikely that the same level of fair value adjustments will be achieved in 2013. As a result we expect a reduction in PAT and HEPS in 2013 compared to the record levels in 2012.



Nevertheless, Sabvest expects continued growing cash inflows and growth in intrinsic net asset value.
12-Feb-2013
(Official Notice)
Shareholders were advised that the results for the twelve months ended 31 December 2012 are expected to be within 5% (up or down) of the following estimates:

*Intrinsic net asset value per share (cents) -- +19%; 1 862 (2011: 1 563)

*Dividends per share (cents) -- +33%; 32 (2011: 24)

*Headline earnings per share (cents) -- +69%; 301 (2011: 178.1)

*Earnings per share (cents) --- +70%; 301 (2011: 176.6)



Audited results are expected to be released on SENS on or about the end of February 2013.
31-Dec-2012
(Official Notice)
Shareholders are advised that an agreement has been entered into for the purchase of Sabvest shares by a subsidiary company during Sabvest?s closed period. This period will commence on 1 January 2013 and is anticipated to end on 28 February 2013 when the Sabvest results are scheduled to be published. The maximum number of shares to be repurchased is 100 000 ordinary shares and 100 000 "N" ordinary shares.
12-Dec-2012
(Official Notice)
At the general meeting of the shareholders of Sabvest held on 12 December 2012, all the ordinary and special resolutions proposed at the meeting were unanimously approved by shareholders. The special resolution relating to the adoption of the Memorandum of Incorporation will be lodged for registration with the Companies and Intellectual Property Commission in due course. The Company's Investment Policy, as approved by the JSE and Sabvest shareholders, will be posted on its website, www.sabvest.com.
10-Dec-2012
(Official Notice)
Paige Atkins has been appointed and Raymond Pleaner has resigned as company secretary of Sabvest Limited, both with effect from 12 December 2012.
14-Nov-2012
(Official Notice)
Notice was given that a general meeting of Sabvest shareholders will be held at 09h30 in the boardroom of the company's offices at 4 Commerce Square, 39 Rivonia Road, Sandhurst, 2196 on Wednesday, 12 December 2012 for the purposes of obtaining authority to adopt Sabvest's Investment Policy and the company's new Memorandum of Incorporation ("MOI"). The resolutions primarily relate to the approval of the Memorandum of Incorporation of the company, and the approval of the Investment Policy.



A circular setting out, inter alia, the rationale for the adoption of Sabvest's Investment Policy and approval of the new MOI will be posted to shareholders on Wednesday, 14 November 2012 and will be available for inspection at the company's offices as set out above and on its website, www.sabvest.com until the date of the general meeting. The salient dates in respect of the general meeting, also contained in the circular, are as follows:

*Record date to determine which shareholders are entitled to receive the notice of general meeting -- Friday, 9 November 2012

*Last day to trade in order to be eligible to attend and vote at the general meeting -- Friday, 30 November 2012

*Record date to determine which shareholders are entitled to attend and vote at the general meeting -- Friday, 7 December 2012

*If the vote is to be by way of show of hands, forms of proxy for the general meeting to be lodged by 09h30 on Monday, 10 December 2012

*If the vote is to be by way of poll, forms of proxy for the general meeting to be lodged by 09h30 on Tuesday, 11 December 2012

*General meeting of shareholders to be held at 09h30 on Wednesday, 12 December 2012

*Results of general meeting announcement released on SENS on Wednesday, 12 December 2012
08-Nov-2012
(Official Notice)
Shareholders are referred to the circular to Sabvest shareholders dated 11 October 2012 regarding the proposed sale by Sabvest Capital Holdings Ltd (BVI), wholly owned by Sabvest Finance and Guarantee Corporation Ltd (RSA), which in turn is a wholly owned subsidiary of Sabvest, of its 40% interest in Flowmax Holdings Ltd (BVI) and claims to Sabias Securities UK Limited (BVI) (the Transaction). Shareholders are advised that at the general meeting of Sabvest shareholders held today, both ordinary resolutions were unanimously approved by shareholders to effect the transaction. The transaction is now unconditional.
07-Nov-2012
(Official Notice)
Shareholders are advised that Mr Carl Coutts-Trotter will cease to be an executive director of the company on 31 December 2012 and will function as a non-executive director of Sabvest from that date.
11-Oct-2012
(Official Notice)
A circular containing details of the proposed sale by Sabvest Capital Holdings Ltd, wholly owned by Sabvest Finance and Guarantee Corporation Ltd (RSA), which in turn is a wholly owned subsidiary of Sabvest Ltd, of its 40% shareholding interest in Flowmax Holdings Limited (BVI) and claims to Sabias Securities UK Ltd (the proposed sale) including, inter alia, a notice convening a general meeting, was posted to shareholders today. The general meeting is to be held at the registered office of the Company; 4 Commerce Square, 39 Rivonia Road, Sandhurst, 2198 at 10:00 on Thursday, 8 November 2012, to consider and, if deemed fit, to pass, with or without modification, the ordinary resolutions authorising the proposed sale.



The salient dates and times in relation to the general meeting are as follows:

*Record date, as determined by the board in accordance with section 59 of the Companies Act, for shareholders to be eligible to receive the circular and notice of general meeting Friday 5 October 2012

*Posting of the circular Thursday 11 October 2012

*Last day to trade in order to be eligible to vote at the general meeting Friday 26 October 2012

*Record date, as determined by the board in accordance with section 59 of the Friday 2 November 2012

*Companies Act, to be eligible to participate in and vote at the general meeting last day to lodge forms of proxy by 10h00 on Tuesday 6 November 2012

*Any form of proxy not lodged by this time may be handed to the chairman of the general meeting immediately before the appointed proxy exercises any of the shareholder rights at the general meeting

*General Meeting to be held at 10h00 on Thursday 8 November 2012

*Results of the general meeting published on SENS Thursday 8 November 2012

*Results of general meeting published in the press on Friday 9 November 2012



All times indicated above are South African times. Shareholders will be notified of any amendments to the above dates or times on SENS and in the press.
12-Sep-2012
(Official Notice)
23-Jul-2012
(C)
Gross income from operations and investments for the interim period more than doubled to R72.4 million (2011: R32.7 million), while net income for the period attributable to equity shareholders soared to R53.7 million (2011: R19.1 million). Furthermore, headline earnings per share jumped to 116.3 cents per share (2011: 40.7 cents per share).



Dividend

An interim gross cash dividend of 12 cents (2011: 4 cents) per ordinary "N" ordinary share, out of income reserves, for the six months ended 30 June 2012 has been declared.



Prospects

The group's four industrial associates have sound growth prospects although some of the markets in which they operate are increasingly under pressure. The group's listed investee companies are all performing well. However, the future movement in share prices is obviously uncertain and seems unlikely to repeat the growth in the first six months. Overall Sabvest anticipates a satisfactory year for the group.
12-Jul-2012
(Official Notice)
Shareholders were advised that the interim results for the six months ended 30 June 2012 are expected to be within 5% (up or down) of the following estimates: intrinsic net asset value per share up 31% to 1662cps (2011: 1263cps) ; dividends per share increase by 200% to 12cps (2011: 4cps); headline earnings per share rise by 185% to 116cps (2011: 40,7cps) and earnings per share to gain by 181% to 116cps (2011: 41.3cps).



The figures contained in this trading statement have not been reviewed or reported on by Sabvest's auditors. Unaudited results are expected to be released on SENS before the end of July 2012.
17-May-2012
(Official Notice)
At the annual general meeting of the shareholders of Sabvest held on 17 May 2012, all the fifteen resolutions proposed at the meeting were approved unanimously.
11-Apr-2012
(Official Notice)
Further to the no change statement and notice of AGM announcement released on SENS on 28 March 2012, shareholders were advised that as a result of Friday, 27 April 2012 and Tuesday, 1 May 2012 being public holidays, that the last date to trade in order to be entitled to vote at the AGM will be Wednesday, 25 April 2012 and not Thursday, 26 April 2012 as previously announced.
28-Mar-2012
(Official Notice)
Shareholders are advised that the annual financial statements will be distributed to shareholders on or about Thursday, 29 March 2012 and contain no modifications to the audited results which were published on SENS on 24 February 2012.

Notice of the annual general meeting

Notice is hereby given that the company's annual general meeting of shareholders will be held in the board room at Ground Floor, Building 4, Commerce Square, 39 Rivonia Road, Sandhurst on Thursday, 17 May 2012 at 8.30 a.m. to transact the business as stated in the annual general meeting notice forming part of the annual financial statements.



Salient dates

The notice of the company's annual general meeting will be sent together with the annual financial statements to its shareholders who were recorded as such in the company's securities register on Friday, 23 March 2012, being the notice record date which shareholders are entitled to receive notice of the annual general meeting. The record date on which shareholders of the company must be registered as such in the company`s securities register in order to attend and vote at the annual general meeting is Friday, 4 May 2012 being the voting record date which shareholders are entitled to attend and vote at the annual general meeting. The last day to trade in order to be entitled to vote at the annual general meeting will therefore be Thursday, 26 April 2012. Proxy forms must be lodged by no later than 8.30 a.m. on Tuesday, 15 May 2012. Any forms of proxy not lodged by this time must be handed to the chairperson of the annual general meeting immediately prior to the annual general meeting.

22-Mar-2012
(Media Comment)
Those looking for alternative to investment giants Remgro Ltd., Hosken Consolidated Investments Ltd. and PSG Group Ltd. might do well to consider Sabvest Ltd, according to the Financial Mail. The big draw card is that the largest part of its R570 million intrinsic value includes investments in established ventures whose unlisted shares cannot be easily obtained. These mainly consist of 57% of SA Bias Industries, 40% of Flowmax Holdings, 40% of Set Point Group and 47% of Sunspray Foods. The company also holds strong rand hedge characteristics and trades at a discount to intrinsic net asset value of between 25 to 30 percent.
24-Feb-2012
(C)
Net income before taxation rose to R84.3 million (R73.5 million) and net income attributable to ordinary equity holders improved to R81.7 million (R70.7 million). Headline earnings per share grew to 178.1cps (153cps)>



Dividend

Notice is hereby given that a final cash dividend of 20cps (2010: 13cps) per ordinary share and "N" ordinary share for the twelve months ended 31 December 2011 has been declared.



Prospects

All of the group's associates are projecting improved earnings in 2012. In addition, most of the companies in the group's investment portfolios are expected to record improved results although the extent to which these will affect listed share prices is obviously uncertain. The group's net operating cash flows are also expected to increase. As a result the company anticipates a satisfactory year ahead.
31-Jan-2012
(Official Notice)
Shareholders are advised that the results for the year ended 31 December 2011 are expected to be as follows:

*Intrinsic Net Asset Value per share increase by 25 - 28% to 1540 -1580 cents (2010: 1230 cents)

*Dividends per share increase by 41% to 24 cents (2010: 17 cents)

*Headline Earnings per share increase by 14 - 18% to 174 - 180 cents (2010:153 cents)

*Earnings per share increase by 12 - 16% to 173 - 179 cents (2010:154 cents)



The figures contained in this trading statement have not been reviewed and reported on by Sabvest's auditors. Audited results are expected to be released on SENS on or about 1 March 2012.

28-Jul-2011
(C)
Gross income from operations and investments for the interim period increased to R32.7 million (2010: R31.2 million), but net income for the period attributable to equity shareholders weakened slightly to R19.1 million (2010: R19.8 million). Furthermore, headline earnings per share decreased to 40.7 cents per share (2010: 42.7 cents per share).



Dividend

An interim dividend of 4 cents (2010: 4 cents) per ordinary share and "N" ordinary share for the six months ended 30 June 2011 was been declared.



Prospects

The group's four industrial associates have sound growth prospects and are well managed. The group is also comfortable with the prospects of its listed and unlisted investment portfolios. The timing of the recognition of earnings growth in the share prices of listed companies is obviously uncertain. The directors anticipate a satisfactory year for the group.
22-Jul-2011
(Official Notice)
At the general meeting of the shareholders of Sabvest held on 22nd July 2011, all the ordinary and special resolutions proposed at the meeting were unanimously approved.
15-Jun-2011
(Official Notice)
Notice was given that a general meeting of Sabvest shareholders will be held at 10:00 at Sabvest Head Office, Ground Floor, Commerce Square, Building Four, 39 Rivonia Road, Sandhurst on 22 July 2011. The notice of meeting will be posted to shareholders on or about 21 June 2011.
28-Apr-2011
(Official Notice)
At the annual general meeting of the shareholders of Sabvest Ltd held today, 28 April 2011, all the ordinary and special resolutions proposed at the meeting were approved unanimously. The special resolution will be lodged for registration with the Companies and Intellectual Property Registration Office in due course.
30-Mar-2011
(Official Notice)
With regard to the audited results for the year ended 31 December 2010 that were published on SENS on 2 March 2011, shareholders are advised that the annual financial statements for the year ended 31 December 2010 will be distributed to shareholders today, 30 March 2011.



The annual financial statements contain no modifications to the audited results that were published on SENS on 2 March 2011. Sabvest has early adopted King III and the integrated report prepared in accordance with the draft recommendations of the Integrated Reporting Committee is included in the annual financial statements.



Notice is hereby given that the annual general meeting of Sabvest's shareholders will be held in the board room at ground floor, Commerce Square, Building 4, 39 Rivonia Road, Sandhurst, Sandton on 28 April 2011 at 14h00 to transact the business as stated in the annual general meeting notice forming part of the annual financial statements.
02-Mar-2011
(C)
Net income before taxation increased from R66.5 million to R73.5 million in 2010.Profit attributable to equity shareholders increased to R70.7 million (R64.1 million). Headline earnings per share increased to 153cps (11.8cps).



Dividend

Notice is hereby given that a final cash dividend of 13 cents (2009: 11 cents) per ordinary share and "N" ordinary share for the twelve months ended 31 December 2010 has been declared.



Prospects

All of the group's associates are projecting improved earnings in 2011. In addition, most of the companies in the group's investment portfolios are also expected to record improved results although the extent to which this will be reflected in share prices or valuations is obviously uncertain. As a result we anticipate an improvement in Sabvest's results in the year ahead. This projection has not been reviewed or reported on by the group's auditors.
15-Feb-2011
(Official Notice)
Shareholders are advised that results for the year ended 31 December 2010 are expected to be in the following ranges for 2010:

* Headline earnings per share : 151c - 155c (2009: 118.8c)

* Earnings per share : 152c - 156c (2009: 139.1c)

* Dividends per share : 17.0c (2009: 14.0c).

Reviewed results for the year ended 31 December 2010 are expected to be released on SENS at the end of February 2011.
22 Dec 2010 09:26:46
(Official Notice)
Shareholders are referred to the announcement released on SENS on 6 December 2010 and the circular posted to shareholders on 7 December 2010 regarding the specific issue of 500 000 new Sabvest "N" ordinary shares ("the "N" ordinary shares") for cash, from its authorised but unissued ordinary "N" share capital, to Carl Philip Coutts- Trotter, a director of the company, at a subscription price of R5.20 cents per "N" ordinary share, (being the full volume weighted average price of an "N" ordinary share for the 30 business days prior to the date on which the agreement was signed, being 9 November 2010, ("the specific issue"). In this regard, shareholders are advised that at the general meeting held today, Wednesday 22 December 2010, the ordinary resolutions proposed at the meeting to implement the specific issue were unanimously approved.
06 Dec 2010 15:08:17
(Official Notice)
Shareholders are advised that the directors of the company propose, subject to shareholder approval being obtained, to issue 500 000 new Sabvest "N" ordinary shares ("the "N" ordinary shares") for cash, from its authorised but unissued ordinary "N" share capital, to Carl Philip Coutts-Trotter ("Carl"), a director of the company, at a subscription price of R5.20 cents per "N" ordinary share, (being the full volume weighted average price of an "N" ordinary share for the 30 business days prior to the date on which the agreement was signed, being 1 November 2010) ("the specific issue"). The "N" ordinary shares to be issued to Carl in terms of the specific issue will be listed on the JSE once they have been issued, on or about Friday, 24 December 2010.



Financial effects of the specific issue

The table below sets out the pro forma financial effects of the specific issue on the earnings, headline earnings, net asset value and net tangible asset value per share in Sabvest based on the unaudited financial statements of the company for the six months ended on 30 June 2010. As the subscription price is at the full volume weighted average price of an "N" ordinary share for the 30 business days prior to the date of the agreement, no fairness opinion from an independent expert is required.

Before - after:

* Earnings per share : 43.2 - 42.6

* Headline earnings per share : 42.7 - 42.4

* Net asset value per share : 850 - 846

* Net tangible asset value per share : 843 - 839

* Number of ordinary and "N" ordinary shares in issue (000s) : 45 820 - 46 320

* Weighted number of ordinary and "N" ordinary shares in issue (000s) : 45 864 - 46 364



Circular - general meeting

A circular will be posted to shareholders on 7 December 2010 regarding the specific issue. A general meeting of shareholders of Sabvest will be convened on Wednesday, 22 December 2010 at 08:30 in the boardroom at 4 Commerce Square, 39 Rivonia Road, Sandhurst 2196 at which shareholders will be requested to consider and, if deemed fit, pass with or without modification the resolutions required to implement the specific issue.
29 Jul 2010 15:06:12
(C)
Gross income from operations and investments for the interim period increased to R31 170 million (2009: R19 550). Net income before taxation rose to R20 584 million (2009: R8 936 million) , while net income for the period attributable to equity shareholders rose to R19 798 million (2009: R9 382 million) . Furthermore, headline earnings per share increased to 42.7cps (2009: 22.5cps) .



Dividend

A dividend for the interim period of 4 cents per share was declared.



Prospects

The businesses operated by the group's associates and by the group's investee companies all have sound medium term growth prospects and are well managed. However, there may be a delay in the positive effects of economic recovery being felt by some of the South African businesses in which the group is invested. In addition high volatility in stock market prices makes fair value adjustments unpredictable at this time. Notwithstanding, the group anticipates an increase in headline earnings per share, dividends per share and intrinsic value per share for the year as a whole but not at the same rate of growth as in the first half.
14 Jul 2010 13:51:01
(Official Notice)
Shareholders' attention is drawn to the trading statement issued on 3 June 2010 relating to the interim results for the period to 30 June 2010. During the month of June there was considerable volatility in share prices on the JSE Limited with the result that at the reporting date the expected fair value adjustments on Sabvest's investment portfolio, excluding equity accounted associates, were negatively affected. The final interim results are expected to be released on SENS on or about 30 July 2010.

22 Apr 2010 11:34:45
(Official Notice)
At the annual general meeting of the shareholders of Sabvest Ltd held 22 April 2010, all the ordinary and special resolutions proposed at the meeting were approved by the requisite majority of votes.
19 Mar 2010 14:17:09
(Official Notice)
Shareholders are advised that the annual financial statements for the year ended 31 December 2009 will be distributed to shareholders, 19 March 2010.



No change statement

The annual financial statements contain no modifications to the audited results that were published on SENS on 2 March 2010.



Notice of AGM

Notice is hereby given that the annual general meeting of Sabvest's shareholders will be held in the board room at ground floor, Commerce Square, Building 4, 39 Rivonia Road, Sandhurst, Sandton on 22 April 2010 at 10h00 to transact the business as stated in the annual general meeting notice forming part of the annual financial statements.
02 Mar 2010 17:05:20
(C)
Net income before taxation increased from R7.5 million to R66.4 million in 2009.Profit attributable to ordinary shareholders increased to R64.0 million (R8.0 million). Headline earnings on a per share basis increased to 118.80cps (89.90cps).



Dividends per share

A final dividend of 11cps was declared for the period under review.



Prospects

The businesses operated by the group's associates and by the group's investee companies all continue to have sound medium-term growth prospects and are well managed. However, the current economic downturn may continue to affect the short-term profitability of some of the businesses.
02 Nov 2009 16:04:41
(Official Notice)
In its interim results announcement published on 30 July 2009, Sabvest advised shareholders that "the businesses operated by the group's associates and by the group's investee companies continue to have sound medium-term growth prospects. However, the current economic downturn will continue to affect the short-term profitability of some of the businesses and the group's results will also be impacted by movements in fair values. At this stage it is not possible to project with any accuracy the likely results for the year or whether dividends will be maintained."



Subsequent to that time, share prices on the JSE Ltd ("JSE") have continued to increase and Sabvest has disposed of some of its portfolio investments at the higher prices. In addition, the trading results of most of the group's unlisted associates have stabilized and one of its associates has concluded a material corporate transaction which will benefit Sabvest's 2009 results. Sabvest accordingly advises shareholders that it anticipates headline earnings per share to increase by between 16.8% - 33.5%, from 89.9cps to between 105c - 120cps and earnings per share to rise between 618.4% - 704.6%, from 17.4cps to 125c - 140cps. With regard to the EPS increase, shareholders should bear in mind that the prior year's EPS were affected by substantial one-off costs for a legal settlement which resulted in them being abnormally low. Reviewed results for the year are expected to be released on SENS at the end of February 2010.
30 Jul 2009 17:38:39
(C)
Net income before Taxation increased from R7 332 million to R8 936 million in 2009. Profit attributable to ordinary shareholders increased to R9 382 million (R8 783 million). Headline earnings on a per share basis decreased to 22.50cps (23.50cps).



Dividends per share

An interim dividend of 3cps was declared for the period under review.



Prospects

The businesses operated by the group's associates and by the group's investee companies continue to have sound medium-term growth prospects. However, the current economic downturn will continue to affect the short-term profitability of some of the businesses and the group's results will also be impacted by movements in fair values. At this stage it is not possible to project with any accuracy the likely results for the year or whether dividends will be maintained.
23 Jun 2009 12:36:46
(Official Notice)
At the annual general meeting of the shareholders of Sabvest held on Tuesday, 23 June 2009, all the resolutions proposed at the meeting were approved by the requisite majority of votes. The special resolution will be lodged for registration with the Companies and Intellectual Properties Registration Office in due course.
27 May 2009 16:20:32
(Official Notice)
With regard to the reviewed results for the year ended 31 December 2008, shareholders are advised that the annual financial statements will be distributed to shareholders on Wednesday, 27 May 2009, and contain only one modification to the reviewed results which were published on SENS on 26 February 2009, which is as follows:



The reviewed results contained the following: "The group is cautiously confident that both headline earnings per share and earnings per share in the year ahead will not be less than the headline earnings per share in the current year." The audited annual financial statements state: "We wish to advise shareholders that trading conditions in a number of the businesses of our associates and investments have weakened to a greater extent than expected since the release of the results. Under these circumstances we now expect headline earnings per share and earnings per share for 2009 to be lower than headline earnings per share in 2008."



Notice of annual general meeting

The annual general meeting of Sabvest's shareholders will be held in the board room at Ground Floor, Commerce Square, Building 4, 39 Rivonia Road, Sandhurst, Sandton on 23 June 2009 at 11h00.
26 Feb 2009 17:40:47
(C)
Gross income from operations and investments declined to R59.2 million (R67.8 million). Net income for the year attributable to equity shareholders decreased to R8.1 million (R46.6 million). In addition, headline earnings per share fell to 89.9cps (108.3cps).



Dividend

A final ordinary dividend of 11cps has been declared.



Prospects

The businesses operated by the group's associates and by the group's investee companies all continue to have sound medium-term growth prospects and are all well managed. However, the current economic downturn will affect the short-term profitability of some of the businesses and in addition the group's results will be impacted by movements in fair values linked directly to share price movements. Notwithstanding these circumstances and as the 2008 results contained a number of one-off items, the group is cautiously confident that both headline earnings per share and earnings per share in the year ahead will not be less than headline earnings per share in the current year.
10 Feb 2009 13:04:32
(Official Notice)
HEPS and EPS for the twelve months to 31 December 2008 are affected by negative IFRS fair value adjustments to the carrying value of the group's three listed investments and one private equity investment that are accounted for on a fair value basis. The group's six equity accounted associates have produced satisfactory earnings growth for the year. The significant reduction in EPS is also the result of the one-off payment made to settle the group's outstanding legal actions as explained in detail in the SENS announcement dated 22 August 2008.



Dividends have been maintained as the fair value adjustments are non-cash charges and one of the group's associates has agreed to pay special dividends in 2008 and 2009 which are sufficient to fully fund the costs of the legal settlement. Intrinsic value per share is calculated using the directors' valuation of investments less a provision for deferred CGT. Reviewed results for the year are expected to be published at the end of February 2009.
22 Aug 2008 15:54:30
(Official Notice)
Shareholders are advised that Sabvest Finance and Guarantee Corporation Ltd (SFGC), a subsidiary of Sabvest, has settled all of its disputes and legal actions with the receivers for creditors of New Republic Bank Ltd (NRB) and the liquidators of NRB Holdings Ltd (NRBH).



SFGC was successful in the first of the court actions in March 2008 and this improved the climate for a comprehensive settlement. In terms of the settlement now agreed by the parties, SFGC will:

*take cession of overdue ("Merchant Trade Finance Ltd") MTF debtors having a face value of R33,8m for its own potential benefit;

*pay R28,5m in full and final settlement of all claims, potential claims and legal actions by NRBH, NRB and MTF against Sabvest and its CEO (without any admissions of any sort and without in any way conceding that the contentions of the group or its CEO in any of the matters are incorrect);

*pay R2,4m to the MTF liquidators in lieu of their expected fees on MTF claims against NRB which are disputed by the NRB receivers;

*withdraw SFGC's own actions and objections against NRB.

Each party will pay its own costs.



SFGC will fund this amount of R30.9 million from Sabvest's own resources. The full amount (less any recoveries from the MTF debtors) will be expensed by Sabvest in the current financial year. This will have the effect of reducing earnings per share ("EPS") for the year but will have no effect on headline earnings per share or expected dividends per share. A trading statement will be issued once the effect on EPS can be reliably estimated.
28 Jul 2008 13:34:12
(C)
Equity accounted retained income of associates rose by more than 50% to R18.8 million (R11.7 million). However, net income for the period attributable to equity shareholders declined to R8.8 million (R28.3 million). Sabvest's results for the period reflected a 65% drop in headline earnings per share to 23.5cps (66.6cps).



Dividend

An ordinary interim dividend of 3cps (3cps) has been declared.



Prospects

The group's associates and the businesses operated by the group's investee companies are performing in line with expectations in the current weak economic climate. However, due to the volatility of stock market prices it is not possible to predict with any degree of certainty the level of headline earnings per share that will be achieved by the group in the current financial year.
15 Jul 2008 17:06:55
(Official Notice)
Shareholders are advised that the following results are expected for the six months ended 30 June 2008:

* EPS down 69% (from 61.1c to 19.0c)

* HEPS down 65% (from 66.6c to 23.5c)

* DPS unchanged at 3.0c

The reduction in earnings for the period is a result of the negative IFRS fair value adjustment to the group's three listed investments that are accounted for on a fair value basis. This charge is a non-cash item and accordingly it is the intention of the board to maintain the interim dividend. The group's six associates have produced strong growth in earnings. Sabvest's share of their net income has increased by 74% relative to the comparable interim period. The figures contained in this trading statement have not been audited. Unaudited interim results are expected to be published at the end of July 2008.
10 Jun 2008 14:15:41
(Official Notice)
Shareholders are advised that at the annual general meeting of Sabvest held at the registered offices on Tuesday, 10 June 2008, the requisite majority of shareholders approved all the ordinary resolutions proposed at the meeting.
15 May 2008 16:36:17
(Official Notice)
With regard to the reviewed results for the year ended 31 December 2007, shareholders are advised that the annual financial statements will be distributed to shareholders today, 15 May 2008 and contain no modifications to the reviewed results which were published on SENS on 28 February 2008.



The annual general meeting of Sabvest shareholders will be held in the board room at Ground Floor, Commerce Square, Building 4, 39 Rivonia Road, Sandhurst, Sandton on 10 June 2008, at 11h00 to transact the business as stated in the annual general meeting notice forming part of the annual financial statements.
28 Feb 2008 11:50:17
(C)
Sabvest`s results for the year were in line with expectations. Although headline earnings per share decreased by 41% to 108.3 cents per share, this was in line with budgets for the year. As explained in the prior year?s announcements, the 2006 results included a number of substantial one-off profits which were not expected to be repeated in the following year.



Dividend

The dividends for the year have been increased to 14 cents per share (2006: 12 cents per share). 3 cents of this was declared as an interim dividend and 11 cents subsequent to the year-end.



Prospects

The group?s associates and the businesses operated by the group?s investee companies are performing well. Notwithstanding the continued weakness in stock markets in the first months of 2008, Sabvest expects increases in HEPS and in intrinsic value per share in the year ahead.
15 Feb 2008 14:03:09
(Official Notice)
Shareholders were advised in the 2006 results announcement and the 2007 interims that Sabvest's results for 2006 included a number of large one-off gains which would not be repeated in 2007. Accordingly lower earnings were expected for 2007. Shareholders are now advised that the expected results for the financial year ended 31 December 2007 are approximately as follows:

*HEPS -- 108.3c (minus 40%)

*EPS -- 100.8c (minus 45%)

Group results are expected to be published at the end of February.
28 Jun 2006 13:06:11
(Official Notice)
Shareholders are advised that at the annual general meeting of Sabvest Ltd held at the registered offices on the 28 June 2006, all the resolutions were passed unanimously. The special resolution will be submitted to the registrar of companies for registration in due course.
05 Jun 2006 15:53:37
(Official Notice)
Sabvest published reviewed results for the year ended 31 December 2005 on SENS on 30 March 2006. Sabvest has now received the final IFRS compliant financial statements of its unlisted associates as a result of which some non- material modifications have been made in the finalisation of the audited results of Sabvest for the year ended 31 December 2005.



The annual general meeting of shareholders of Sabvest will be held in the Board Room at Ground Floor, Commerce Square, Building 4, 39 Rivonia Road, Sandhurst, Sandton at 10h00 on Wednesday, 28 June 2006.
30 Mar 2006 14:56:43
(C)
Sabvest's associates performed in line with expectations although the results of SA Bias Industries were adversely affected by substantially higher world yarn prices and restructuring costs in its UK production unit. Enhanced profitability was achieved by the group's portfolio and lending books and in particular its purchase of Metrofile 2009 loan notes at a discount to face value. Net income from operations and investments increased by 22.36% to R40.48 million (R33.09 million) while attributable income increased by 39.91% to R33.03 million (R23.60million). Headline earnings per share increased by 43% to 74.1c (51.8c). A portion of the increase arose from an adjustment to deferred tax. Excluding this adjustment HEPS would have increased by 27% to 66.0c.



Prospects

The adoption of IFRS by Sabvest will result in greater volatility in headline earnings per share. Nevertheless Sabvest expects a satisfactory performance in 2006 in terms of earnings, cash flow and intrinsic value per share.



Dividend

A dividend of 6c (3c) per ordinary and "N" ordinary share for the twelve months ended.
23 Mar 2006 15:37:55
(Official Notice)
Sabvest anticipates the following changes in key financial indicators for the year ended 31 December 2005:

*Headline earnings per share = 72.4c (+40%)

*Earnings per share = 69.8c (+36%)

*Dividends per share = 6c (+100%)

*Intrinsic value* per share 579c (+30%)

* Intrinsic value per share is calculated as net asset value per share adjusted for directors' valuation of investments in associates.



Reviewed results are expected to be published at the end of March 2006. The delay in publishing results this year has been occasioned by the individual timetables of Sabvest's unlisted associates for the preparation of their IFRS compliant financial statements.
26 Oct 2005 16:23:20
(Official Notice)
Mrs Dawn Mokhobo and Mr Bheki Shongwe have been appointed independent non-executive directors of the board with effect from 26 October 2005. Mrs Mokhobo will join the Remuneration and Nominations Committee and Mr Shongwe will join the Audit and Risk Committee.



Mrs Mokhobo, 56, BA (Social Science) is the Chairman and CEO of MBM Change Agents (Pty) Ltd. She is also a director of Massmart Holdings, Nozala Investments, Engen, Vitalaire and Capacity Outsourcing and is the Chairperson of the Tsebo Outsourcing Group and Africa International Advisors. Mrs Mokhobo is a previous recipient of the South African Businesswoman of the Year Award and has occupied positions on numerous government appointed committees.



Mr Bheki Shongwe, 50, BA (Econ), MBA, ACIS, FCIBM is the managing director of Metropolitan Bus Services (Pty) Ltd. He is also a director of Primedia, Highveld Steel and Vanadium Corporation, African Bank, African Bank Investments, Super Group and Air Transport - Navigation Services Ltd.

14 Sep 2005 12:49:45
(C)
Headline earnings per share increased by 69% to 31.4c (18.6c). A large portion of the increase arose from an adjustment to deferred tax. Excluding this adjustment HEPS would have increased by 24% to 23c. Sabvest`s associates performed in line with expectations, although the results of SA Bias Industries were adversely affected by substantially higher world yarn prices. Enhanced profitability was achieved by the group`s portfolio and lending books. Revenue rose to R16.6m (R13.6m) and net income for the period increased to R14.4m (R9.2m).



Prospects

Sabvest expects an improvement in headline earnings per share for the year but not to the extent achieved in the first six months.
23 Jun 2005 17:00:20
(Official Notice)
Shareholders are advised that Sabvest expects its interim headline earnings per share and earnings per share for the six months ended 30 June 2005 to increase by between 70% and 80% and 55% and 65% respectively over the comparative period for the prior year. This increase is largely a result of higher income in the group`s finance subsidiary, and accounting for an increase in the deferred tax asset which is unlikely to be repeated in the second half of the year. Therefore the extent of the increase at the interim stage will not be repeated for the full year. The expected results do not incorporate the effects of the introduction of International Financial Reporting Standards `IFRS` in the group`s associates, which are equity accounted by Sabvest, as these have different year ends and IFRS timetables to Sabvest. Accordingly a further trading update will be issued in due course. These estimates are unaudited. The company expects to publish interim results at the end of September 2005.
30-Jan-2018
(X)
Sabvest is an investment holding company which was listed since 1988. Its ordinary and "N" ordinary shares are quoted in the Financials - Equity Investment Instruments sector of the JSE Ltd.



Sabvest has significant interests in three unlisted industrial groups, long-term holdings in five JSE listed investments, and offshore share, bond and cash portfolios, all accounted for on a fair value basis.



In addition, Sabvest makes finance advances, participates in debt instrument portfolios and undertakes other fee and profit earnings activities from time to time.


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