Government to buy stake in Independent News and Media SA

[James]

The Government Employees' Pension Fund is to acquire a 25 percent stake, worth about R500 million, in Independent News and Media SA, Business Day reported on Tuesday.

According to the newspaper, the fund already owns a 19.5 percent stake in the Times Media Group, which publishes Business Day and other major titles in competition with the Independent's titles, which include The Star and The Cape Times.

Independent was recently purchased by the Sekunjalo Independent Media Consortium,...read more here: Government to buy stake in Independent News and Media SA

[Ike_009]

Keep government hands out the pockets of our newspapers, this is seriously scary

[MalicE]

they already approved that bloody info bill nonsense, this will be the cherry on top