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Mvela, Johncom deal goes through

NEWSWATCH: Tokyo Sexwale's Mvelaphanda Group (Mvela) said yesterday, Tuesday, 30 October 2007, that it had finalised a deal to buy a direct stake of up to 30% in Johncom's media assets from majority shareholder Allan Gray, according to Business Day. The assets will be listed shortly as Opco, or Avusa, if shareholders vote today in favour of the replacement name.

By Simone Puterman

31 Oct 2007

For more:

Business Day: Mvela to buy up to 30% stake in Johncom media
Business Day: Mvela CEO promises editorial independence
IOL: Sexwale's company buys stake in media giant
Mail & Guardian Online: Mvela to buy up to 30% of Johncom media
The Times: Mvela to acquire Johncom stake
Business Day: Has Mvela already taken control at Johncom?

Simone Puterman

About Simone Puterman

Simone Puterman (@SimoneAtLarge) is currently editor-at-large at Marklives.com and deputy chair of the Sanef online editors subcommittee. After majoring in psychology and linguistics at Rhodes University, and then completing her honours in psychology, she has been in the world of B2B publishing since 1997, with 7.5 year stints at both WriteStuff Publishing and Bizcommunity.com (March 2006-August 2013). Email her at moc.sevilkram@enomis.