Johncom says no binding Koni offer

Predictably, the Democratic Alliance (DA) and the South African Communist Party are strongly opposing the takeover bid, reports the Mail & Guardian Online: “The Democratic Alliance (DA) said arguments that those involved in the takeover bid were not fronting for the government were ‘unpersuasive'.

For those of you who need a quick refresher on who owns what in the South African newspaper and media industry, Business Report has a concise article on the major media players.

For more:

• The Times: No binding offer yet
  
• IOL: No binding offer from Koni, says Johncom
  
• Business Report: Coronation would sell 15% Johncom stake at right price
  
• Mail & Guardian Online: Opposition slams Johncom takeover bid
  
• Business Report: South Africa's media sector: its history and major players