The Sekunjalo Group has announced it will stop funding Independent Media, triggering fresh questions regarding the financial history of the media company. The decision follows murky claims surrounding a 5.2-billion-rand investment in the group.
The withdrawal of funding brings uncertainty to the financial backing of the publisher. It also highlights ongoing ambiguity regarding how much money was actually invested, which specific companies received the funds, and the true ownership of the newspaper mastheads.
In-depth summary · AI, neutral