Publications
Iqbal Survé’s Independent Media, which owns titles including The Star, Cape Argus and Pretoria News, is unable to pay staff their full salaries for March as it fights for its survival, according to internal notes to employees seen by News24.
"Our shareholders have formally advised us that they will no longer be supporting Independent Media financially," CEO Takudzwa Hove said in one of the messages on Friday. "As you know, it is only through their support that we have been able to keep heads above water over the past few years."
Independent Media lists its shareholders as the Sekunjalo subsidiary Sagarmatha Technologies, which holds a majority share, and the Chinese consortium Interacom, which is controlled by the Chinese state-owned China International Television Corporation (CITVC).
