MARC HASENFUSS: A tough new challenge for André van der Veen at HCI’s eMedia
Shareholders will be hoping the new eMedia CEO can replicate his successes at alternative gaming company Niveus
Shareholders in eMedia Holdings, the broadcaster controlled by Hosken Consolidated Investments (HCI), will be overjoyed that the company now has a permanent CEO. HCI FD Kevin Govender has been acting CEO since HCI executive and co-founder Marcel Golding so dramatically departed the scene in late 2014. Shareholders will also be hoping new eMedia CEO André van der Veen can replicate his successes at alternative gaming company Niveus. Also controlled by HCI, Niveus listed at about 700c in 2012 with the market not paying too much attention to the smattering of limited-payout machine and electronic bingo terminal operations or the significant holding in liquor group KWV Holdings. Van der Veen did well to create substantial value for shareholders. With most of the assets now sold, the share price is close to R40. Van der Veen can not only claim to have made more profit than the mighty PSG out of KWV, but also take immense satisfaction in having built a formidable alternative gaming presen...
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