Why I rejected Tiso Blackstar, Independent Media merger - Iqbal Survé | IOL Business Report

Pretoria - Chairman of the Sekunjalo Group and executive chairman of Independent Media Dr Iqbal Survé said he had resisted overtures from rival media group Tiso Blackstar as it would have led to the loss of hundreds of jobs.

Emmanuel Lediga, an assistant to the commissioner Justice Lex Mpati, asked Survé if the PIC had held a meeting with Survé and Tiso Blackstar to address the rivalry between the two media groups. Survé acknowledged that such a meeting had taken place, saying he agreed to the meeting because he did not "think a war situation between media houses is good for anyone especially when you are dealing with the lives of people employed by both companies".

“When Bonamour, initially approached me to merge the two companies he said we should merge the entities, retrench half of the combined staff and we would have a profitability of R250 million in media assets.”

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

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Survé accuses Tiso Blackstar, eNCA of interfering with listing of his companySurvé says the PIC missed an opportunity to invest in Sagarmatha when the company was considering listing on the Johannesburg Stock Exchange.
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Tough second half for Tiso media businessCompany says it has prioritised cost management and disposal of noncore assets
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Tough conditions hit Tiso Blackstar’s media businessCompany says it has prioritised cost management and disposal of noncore assets No, their crap and biased reporting hit their media business! The Sunday Times gets delivered for free at our complex every Sunday, the security guards always insists I take one, I always put it in the bin without reading it, not interested in reading anything from the Tiso stable until the stratcom journos are fired.
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WATCH LIVE: Iqbal Survé continues testimony at #PICInquiry | IOL Business ReportIqbal Survé will today take the stand again at the Public Investment Corporation (PIC) Commission of Inquiry.
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