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Sekunjalo chairman in bid to buy INM stake?

11 Jun 2012 11:02Submit a commentBizLike
Iqbal Survé, chairman of Sekunjalo Group, is believed to be interested in buying a stake in South Africa's Independent Newspapers.
He was believed to be en route to Dublin for meetings this weekend. Independent News & Media (INM), the parent company, is based in Ireland. A sale of the local newspaper group, which publishes The Star, looks inevitable as its holding company tries to reduce debt. Shanduka chairman Cyril Ramaphosa has also been named as a possible buyer.

The company is embarking on local cost-cutting measures of up to R100m.

The outcome of the AGM of INM in Ireland on Friday will have implications for South Africa.

Source: Business Times via I-Net Bridge

For more:
  • IOL: Indy News 'open to sale talks'... Apparently, shareholder activist Theo Botha says both the South African and Australian operations of Independent News and Media could be up for sale.

SOURCE

I-Net Bridge
For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.

We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.
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