by Gill Moodie (@GrubstreetSA) Who is Dr Iqbal Survé, the man who is about to become South Africa’s newest media proprietor if the sale of Independent Newspapers goes through?
Yesterday it was announced that the Irish owners of Independent Newspapers had agreed to sell their South African division to Sekunjalo Independent Media Consortium led by Survé for R2-billion.
The deal, said a story in Business Report, is still subject to the final agreement being signed by both parties, shareholder approval by the Irish owners and approval by the Competition Commission.
Independent Newspaper is the biggest collection of English newspaper in the country and includes The Star, Cape Times, Cape Argus, The Mercury, Daily News, Pretoria News as well as publishing phenomenon, the isiZulu Isolezwe.
This is not Survé’s only venture into media ownership and Grubstreet revealed last week that his company, Sekunjalo, was backing a new medium-wave radio station for Cape Town, Magic AM.