Sekunjalo chairman in bid to buy INM stake?Iqbal Survé, chairman of Sekunjalo Group, is believed to be interested in buying a stake in South Africa's Independent Newspapers. He was believed to be en route to Dublin for meetings this weekend. Independent News & Media (INM), the parent company, is based in Ireland. A sale of the local newspaper group, which publishes The Star, looks inevitable as its holding company tries to reduce debt. Shanduka chairman Cyril Ramaphosa has also been named as a possible buyer. The company is embarking on local cost-cutting measures of up to R100m. The outcome of the AGM of INM in Ireland on Friday will have implications for South Africa. Source: Business Times via I-Net Bridge For more:
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