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 .Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.
Maybe Gosiame can spare him a few rands from the nice SASSA grant she's collecting for her 10 kids.
The effects of Loadshedding.
Ncooo God father of the decupulets 😁
Unfreeze his accounts so he can pay his stuff
No wonder the guy is so angry
The PIC settlement finished him. Looted funds have to be paid back 🙆🏻♂️ But employees are paying for his sins 😡
But I am sure he takes a salary every month
It all went downhill with Piet Rampedi’s Decuplets 🙄
Needs to be subjected to the full force of the law. You cant sell propaganda dresses as news
ProudlyMsTee lmao, you know what they say... go woke, go broke vax24 💉💀
Why this guy is still roaming our streets?
It was inevitable!
Karma is a bitch
The empire is falling apart
The government employees pension fund money dried up
errolbsk No more easy money around...?
Care to mention that a contributing factor might be that your friends closed mans bank accounts? NO?
You can’t fight the sitting Government and expect to make money impossible in the modern world
The Cape Argus used to be such a great newspaper in the days before this crook took it over.
runawayrene The public will not pay for thieves' propoganda
He must pay back the money that was borrowed
Maybe because AbsaSouthAfrica Nedbank FNBSA froze his accounts?
u are a political propaganda machine..
Will join another family in Dubai shortly. Or have they moved yet?
News24 is a political party pushing the white monopoly propaganda it is never a media company
also mention that his bank accounts were frozen, thus the reason. the corrupt reserve bank has done thst because he is not towing the white monopoly capital line.
Iqbal must not go broke before paying back the PIC loan.
Once we have only one voice, this country will ne finished like FINISHED!
News24 a political party that is always praising bad things to all blacks en using other blacks one they shall free themselves from News24
You are sooo obsessed by this Iqbal guy its obvious he is a threat to you.
What you expected from Guinness Records Breakers 🤷🏽♂️ they are just too expensive now.
IqbalSurve PayBackTheMoney PIC
You're just unhappy that AOY have reached settlement with PIC after witnesses contradicted themselves. I don't think IqbalSurve must even respond to you. Maybe you want to see the salary slips of IOL employees 😂🤣
Surve is 1 of the most hated business man of our time
goolammv
Lies have short legs bloody kak news24 wamasimba Tsek zinja.
That's none of your business bloody cruel evil dogs, pathological liars Tsek.
I never trusted that chap from the moment i saw him!
This took longer than I thought.
Because banks closed his accounts,say it!
Why do these banks close the companies' accounts?
😷😷😷😷😷where is the tax payers money he took from Pic belonging to government employees pension fund...
Oh ok, PIC money finito
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Source: News24 - 🏆 4. / 80 Read more »