News Formal

Survé keeping Independent Media afloat, PIC inquiry hears | Business | M&G

  • 📰 mailandguardian
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 92%

日本 ニュース ニュース

日本 最新ニュース,日本 見出し

“Independent Media is what gives me sleepless nights because I have to balance the need to keep people employed with advertising moving in a tough media climate,” Iqbal Survé said on Wednesday.

Media mogul Iqbal Survé wanted more money from the Public Investment Corporation despite having received R4.3-billion from the state-owned asset manager.

The controversial businessperson told the commission that the Independent Media group cannot service its debt of R1.34-billion, explaining his company Sekunjalo is supporting it with funding.He said he is servicing the interest bill of loans from a Chinese consortium and not to the PIC which invested R850-million. Sekunjalo invested an amount of R150-million and the Chinese investors put up R1-billion.

Survé said if Sekunjalo stops funding the media group, the PIC will suffer because it is the equity holder.

 

コメントありがとうございます。コメントは審査後に公開されます。

Called to explain how he got obscene amounts of money in a dodgy way. He complains that he did not get enough. Wow!

このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 2. in JP

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

Why I rejected Tiso Blackstar, Independent Media merger - Iqbal Survé | IOL Business ReportBusinessman Dr Iqbal Survé told the PIC Inquiry that he had resisted overtures from rival media group Tiso Blackstar as it ...
ソース: IOL - 🏆 46. / 51 続きを読む »