The government employees’ pension fund is to acquire a 25% stake, worth about R500m, in Independent News and Media SA, according to a report on Tuesday. According to Business Day, the fund already owns a 19,5% stake in Times Media Group, which publishes Business Day and other major titles in
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An Irish media company has sold off its newspaper group in South Africa, including Johannesburg’s The Star, for US$227m (about R2bn) to a local firm. In a statement issued late on Sunday night, Dublin-based Independent News & Media said it sold its South African subsidiary to Sekunjalo Holdings
Independent News and Media (INM), the country’s largest newspaper group, is up for sale, Business Day reported on Thursday. The news, which broke on Wednesday, ignited a flurry of speculation about politically connected buyers lining up to bid for the group. Newspapers owned by