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%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

“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.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 2. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

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

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

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 ...
출처: IOL - 🏆 46. / 51 더 많은 것을 읽으십시오 »