INMSA head refutes cost-cutting figure

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• IOL: No retrenchments yet, says Indy SA chief... According to a report by Ann Crotty, writing in Business Report, Tony Howard, the chief executive of Independent News & Media South Africa (INMSA), confirmed that while management is looking at cutting costs, they are not looking at cuts as much as R100m.
  Reassuring for employees, he is also reported to have said that management does not have any plans that would require engagement with the company's unions. Such engagement would be required under section 189 of the Labour Relations Act if management were contemplating reducing the workforce for operational requirements.

• I-Net Bridge: Natal Witness merger approved with conditions... Caxton had opposed the merger, but the tribunal has approved it - though with conditions. Source: I-Net Bridge