Kagiso Media turns 10

Paying tribute to 10 years of growth and success, Kagiso Media hosted a birthday celebration at Taboo in Sandton on 24 October entertaining a guest list over 200 strong. Amongst the VIP guests were executives from the Kagiso Media subsidiaries, Kagiso Trust Investments, the 'parent' business, strategic partners, investors and several ex-colleagues who had contributed to the company's success during its first 10 years. These included Fani Titi, Funke Ighodaro, Anant Singh, Mandla Langa and representatives of the Molobi family.

From humble beginnings in 1997, Kagiso Media has grown its market capitalisation from R30 million to almost R2 billion. In the fiscal ended 30 June 2007, Kagiso Media again reported solid results, driven by strong revenue growth, up 22%.

Kagiso Media began with the acquisition of a regional radio licence, the old Radio Port Natal which became today's East Coast Radio success story. Ten years on, Kagiso Media has a prized suite of media assets, including: controlling interest in Kagiso Exhibitions, East Coast Radio and Jacaranda 94.2; strategic equity in Heart 104.9, iGagasi 99.5, Ofm, an economic interest in Kaya fm; and joint control of RadMark and LexisNexis Butterworths.

J.J. Njeke, managing director of Kagiso Trust Investments and Roger Jardine, Chairman of Kagiso Media reflected on the company's heritage and impressive growth and thanked all who contributed.

Murphy Morobe, CEO Kagiso Media, made reference to the resilience and proficiency of Kagiso Media and gave his commitment to meeting the challenge of his mission, to grow the organisation to a market cap of R10 billion in the second 10 years.