Browsing: Sekunjalo

Gijima executive chairman Robert Gumede wanted to buy Independent News & Media South Africa but withdrew for what he has termed “sound commercial reasons”, he has revealed through his lawyers. Gumede, who has threatened to sue the newspaper publishing company over an article that appeared a fortnight ago in its flagship Sunday

Independent Newspapers boss Iqbal Survé on Thursday accused rival Times Media Group of a “dirty tricks” campaign to rob his group of revenue and readers, after laying criminal charges against one of its editors and a reporter. Sekunjalo Investments, which Survé chairs, brought the charges

The Competition Commission has approved the proposed acquisition of Independent News & Media South Africa by Sekunjalo Independent Media, it was announced on Sunday. The final transfer of ownership was expected to be completed on 15 August, Independent South Africa CEO Tony Howard said in a statement. The approval of the deal was subject

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

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