Tim du Plessis on how the JSE rule change is hitting Sake24 hard

We’re only just more than two months into the year and we are already seeing the effects of the change to the JSE rule governing the publishing of financial notices.

BDFM’s Business Day completed a round of voluntary retrenchments in January in which 32 people took packages from editorial, sales and marketing while Tim du Plessis, head of Media24’s Afrikaans newspapers, told Grubstreet recently that Sake24 has reduced its editorial positions from 33 budgeted jobs to 24, effective from April 1, through a combination of retrenchment and scrapping of vacancies and transferrals.

“We’re adjusting as it’s a small team but, you know, business news in Afrikaans is important to quite a lot of our readers,” Du Plessis said. “Readers in Jo’burg and Cape Town don’t pick up Beeld and Die Burger to read business news in the same way that people don’t pick up Business Day to read sports news. But it’s important. They want it there and it’s got to be well presented.”

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