NEWSWATCH: News has broken that Khanyi Dhlomo's Ndalo Media will shut its doors for good on 31 January 2019, with its web presence lingering until March 2019.
"Ndalo Media will officially shut down on January 31 2019, company owner Khanyi Dhlomo told her employees on Wednesday," reports Sowetan Live
The news comes shortly after the announcement of Kojo Baffoe rejoining the Ndalo Media team, as returning editor for Destiny Man
Kojo Baffoe rejoined Destiny Man last month, succeeding editor Thabiso Tema...
Jessica Tennant 11 Oct 2018
Baffoe had grown the magazine into a leading men’s media brand during his previous four years at the helm. But things have changed since then.
Cash flow crisisThe Daily Vox
reminds us that Ndalo Media is the only "black-owned premium magazine publisher in the country," having been founded by Dhlomo in 2007 as a joint venture with Media 24, which ended in 2015, at a buy out value of R6 million.
Other titles in the Ndalo media stable include Destiny
and Elle Decoration
The media group has allegedly been experiencing cash flow issues for several months, with Sowetan Live
reporting they have failed to cover certain operational costs and have not yet paid staff and freelancers their November salaries.Sunday World
reported in November that Ndalo Media faced liquidation over a R13-million debt, allegedly owed to its printers accumulated between 2016 and 2018.Sowetan Live
also confirms that Dhlomo has called this a "orderly voluntary wind down of the business," and she hoped to avoid a situation where the company would be forced to liquidate.