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Busting the myth about a R2bn loan from the PIC


Busting the myth about a R2bn loan from the PIC
By Bongani Hans
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Sekunjalo Independent Media Consortium has busted the myth that the purchase of Independent Media, the biggest media group in the country, from the Irish for R2 billion was only through funding from the Public Investment Corporation (PIC).
The company appeared before the Standing Committee on Finance (SCoF) on Wednesday to detail the facts of how its umbrella body, Sekunjalo Group, actually sealed a deal with the Irish media company, which was the owner of Independent Media in South Africa at the time.
Independent Media’s delegation included Sekunjalo’s executive chairman, Dr Iqbal Survé, chief operating officer Takudzwa Hove, editor-in-chief Aneez Salie, editor of The Star, Sifiso Mahlangu, and Daily News editor Ayanda Mdluli. ....

South Africa , Aneez Salie , Sifiso Mahlangu , Ayanda Mdluli , Sa National Editors Forum , Times Media Group , Media Consortium , Public Investment Corporation , Sekunjalo Independent Media Consortium , Sekunjalo Group , Standing Committee On Finance Sco , Independent Media , Standing Committee , Takudzwa Hove , Daily News , Independent Media Consortium , Editors Forum , Nic Dawes , ச தேசிய தொகுப்பாளர்கள் மன்றம் , முறை மீடியா குழு , மீடியா கூட்டமைப்பு , பொது முதலீடு நிறுவனம் , நின்று குழு ஆன் நிதி ஸ்கோ , சுயாதீனமான மீடியா , நின்று குழு , தினசரி செய்தி ,

SANEF's role in Independent Media hostile takeover bid exposed


SANEF’s role in Independent Media hostile takeover bid exposed
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Cape Town - Former members of the press council working with a minister and two former ministers are alleged to be the hands behind a recent move by the SA National Editors Forum (SANEF) in attempting to force the Public Investment Corporation (PIC) to execute a hostile takeover of Independent Media.
The Independent Media Investigations Unit can reveal that the current minister and former ministers did not involve just the PIC, but are also working with two banks in a last-ditch effort to shut down the accounts of the Sekunjalo Group, a shareholder of Independent Media – a move expected to render Independent Media unable to trade or operate. ....

Cape Town , Western Cape , South Africa , Hopewell Hadebe , Thabo Mbeki , Thuma Mina , Cyril Ramaphosa , Thuma Mina Whatsapp , Jacob Zuma , Sa National Editors Forum , Security Agency , African News Agency , Public Investment Corporation , Sekunjalo Group , Editors Forum , Independent Media Investigations Unit , Independent Media , State Security Agency , President Cyril , Press Council , Iqbal Surv , கேப் நகரம் , மேற்கு கேப் , ஜாகோப் ஜும , ச தேசிய தொகுப்பாளர்கள் மன்றம் , பொது முதலீடு நிறுவனம் ,

Ramaphosa and Mboweni push for new state bank in South Africa


Ramaphosa and Mboweni push for new state bank in South Africa
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President Cyril Ramaphosa has expressed his support for a state bank, indicating that a number of other developing countries have these institutions in place.
Speaking to journalists as part of a SA National Editors Forum meeting on Friday (26 February), Ramaphosa said that the country’s banking sector is controlled by just a few banks and South Africans need more options in terms of accessing loans,
“I fully support the establishment of a state bank at an organisational and state level. There is space for a state bank. The Land Bank is a state bank. The IDC (Industrial Development Corporation), if you like, is a state bank. Many developing countries have a number of state banks.” ....

South Africa , South Africans , Tito Mboweni , Cyril Ramaphosa , Sa National Editors Forum , Industrial Development Corporation , African Postbank Holding Company , Sa State Bank , Land Bank , President Cyril Ramaphosa , Editors Forum , State Bank , South African Postbank Amendment Bill , South African Postbank Holding Company , Business Technology , ச தேசிய தொகுப்பாளர்கள் மன்றம் , தொழில்துறை வளர்ச்சி நிறுவனம் , நில வங்கி , தொகுப்பாளர்கள் மன்றம் , நிலை வங்கி , வணிக தொழில்நுட்பம் ,

Bully Somizi thrives on entitlement


Bully Somizi thrives on entitlement
Sowetan > By Sowetan - 22 January 2021 - 07:33
It is regrettable that TV personality Somizi Mhlongo-Motaung has refused to apologise for his appalling conduct against two journalists.
The SA National Editors Forum had called on Mhlongo-Motaung to “unreservedly apologise to these journalists and the public on all his social platforms for his unbecoming behaviour”. This was after he insulted the reporters and released their contact details online for them to be abused by his fans.
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Somizi Mhlongo Motaung , Sa National Editors Forum , Bully Somizi , Editors Forum , Comment Policy , Kabelo Khumalo , Julia Madibogo , Mhlongo Motaung , ச தேசிய தொகுப்பாளர்கள் மன்றம் , தொகுப்பாளர்கள் மன்றம் , கருத்து பாலிஸீ ,