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Sun International appoints Sam Sithole as new chair
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Sun International appoints Sam Sithole as chairperson
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Sam Sithole appointed Sun International chairman
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Cape Business News
May 26, 2021
CBN Audio:
NOVUS Holdings, the old Paarl Media printing operation, has seen a significant change in ownership with media giant Media24 selling out its influential 17.4% stake in the struggling business last month.
Media24’s stake in Novus was always considered strategic since most of its printing work for its magazines and newspapers went to Novus. Media24 and Novus were once both ensconced in the Naspers empire.
But that has all changed – no doubt brought about by declining volumes in the mainstream printing and publishing segment. So enter A2 Investment Partners as a new strategic shareholder at Novus.
MONEYWEB
app instead?
Six once-large groups, and what the prognosis looks like for each.
By Keith McLachlan
29 Apr 2021 00:26
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Excluding the property and construction sectors, below is a table of formerly-large groups that have collapsed:
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Source: Profile Media (intra-day, April 22, 2021)
How are these fallen giants doing right now?
Blue Label Telecoms: Core remains strong
Blue Label Telecomsâ challenges started with its acquisition and recapitalisation of Cell C.
Although one can understand why Blue Label invested into a failing Cell C (the groupâs bottom line is materially exposed to the telcos), the investment didn’t just bring debt onto the groupâs normally cash-rich balance sheet, it has also been impaired to zero.