Mail & Guardian bid

Zimbabwe's Independent Media Group, backed by the Botswana Bank, is on a shortlist of three bidders to buy a stake in the SA Mail & Guardian. Also in the running is Nail CEO Saki Macozoma and his associate David Barritt, while the third bidder's identity is uncertain. The successful bidder will own up to 70% of the M&G, with the rest being shared between management and staff.