Instead of focusing on rebuilding the country after years of state capture, we were distracted by a sideshow, writes Mandy Wiener.
Mostly sunny. Mild.
Sheenagh Grota's appointment as financial director was announced just under two months ago.
The Tiso Blackstar Group has "noted with shock the alleged admission by a sitting government minister to have corruptly bribed two Sunday World journalists".
The decline was due to "once-off" costs, the company said.
Government dithering also may have contributed to its demise.
The Sunday Times says that after three days of assessing allegations against Tiso Blackstar associate editor Ranjeni Munusamy, it withdrew her column in last weekend's edition of the newspaper.
Tiso Blackstar Group says senior journalist Ranjeni Munusamy has been placed on special leave after allegations regarding a police Crime Intelligence secret slush fund were levelled against her at the Zondo state capture commisison.
The Lebashe Investment Group says its intention to be a "key player" in the digital and content sector lies behind its acquisition of the media, broadcasting and content businesses of Tiso Blackstar for R1.05bn.
The Federation of Unions of South Africa is calling on Tiso Blackstar to halt retrenchment proceedings amid ongoing consultations with affiliate, the South African Typographical Union.
The email says that the company has proposed "broad restructuring of its editorial operations as a result of economic headwinds".
The Information Communication Technology Union has given media company Tiso Blackstar Group a 48-hour notice of its intention to strike over unresolved disputes relating to salaries and bonuses.
The JSE has suspended the listing of IT company 4Sight for failing to submit financial statements on time. And it has warned it may suspend several others over the same reason.
Tiso Blackstar, which owns Business Day, Financial Mail and the Sunday Times, says its revenue from continuing operations decreased by 22% in the year ended June 30, 2019, while its headline loss per share increased by 160%.
The proposed R1bn transaction should be approved without conditions.
The judicial commission of inquiry into state capture is resuming to hear an application after a week of explosive testimony by senior Hawks investigator Colonel Kobus Roelofse.
Senior Hawks investigator Colonel Kobus Roelofse has told the state capture commission that he contacted journalist Ranjeni Munusamy at least three times in 2014 about allegations regarding a Crime Intelligence secret slush fund.
Tiso Blackstar's media assets have just been acquired by Lebashe Investment Group. Who are the heavy hitters behind Lebashe, and why have they been making headlines?
The South African National Editors Forum urged media companies to come up with more creative ways of rescuing their ailing businesses rather than resorting to job cuts.
The South African Typographical Union has joined the Information, Communications and Technology Union in calling for Tiso Blackstar to consider other measures before job cuts.
Information Communication Technology Union president Moeketse Lepheana has said that striking workers from Cell C will picket alongside Tiso Blackstar Group employees at the media company’s offices on Tuesday.
The Zondo Commission into state capture has been warned that its proceedings might be severely disrupted due to a planned strike at media group Tiso Blackstar.
Cape Town CBDO'Dwyer PersonnelR6 500.00 - R7 000.00 Per Month
Atlantic SeaboardShimansky Jewellers
DurbanvilleZaPOP Media (Pty) LtdR1 000.00 Per Month
R 4 850 000
R 9 950 000
R 7 000 000
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