Govt partners take major stake in Independent Newspapers

By Herman Manson (@marklives) The Sekunjalo Independent Media (SIM) consortium has (finally) announced details of the ownership of the consortium that successfully bid for Independent News & Media SA. The consortium will hold 75% of the shares in the newspaper group while the Government Employees Pension Fund (GEPF), through the Public Investment Corporation (PIC), will hold 25% (but wait – it’s not quite as simple as that – read on).

The publisher, about to be liberated from an Irish holding company widely credited with stripping a once powerful editorial operation to its bare bones, owns the Cape Times, Cape Argus, Weekend Argus, Daily Voice, The Star, Pretoria News, Saturday Star, Sunday Independent, Diamond Fields Advertiser, Weekend Pretoria News, Daily News, The Mercury, Post, Independent on Saturday, the Sunday Tribune, Isolezwe and a host of community newspapers.

Social media use in journalism still evolving, as new award shows

The Vodacom Journalist of the Year Awards is among the most prestigious and richest in the country. The awards, now celebrating its 10th year, rewards outstanding reporting and excellence in journalism, with the overall winner walking away with R125 000 in prize money.
The Vodacom awards have various categories by media such as print, radio, television and by niches such as sport, financial/economic reporting, consumer journalism etc.

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