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S.Africa: More Naspers shares to blacks

WARNING: This is Version 1 of my old archive, so Photos will NOT work and many links will NOT work. But you can find articles by searching on the Titles. There is a lot of information in this archive. Use the SEARCH BAR at the top right. Prior to December 2012; I was a pro-Christian type of Conservative. I was unaware of the mass of Jewish lies in history, especially the lies regarding WW2 and Hitler. So in here you will find pro-Jewish and pro-Israel material. I was definitely WRONG about the Boeremag and Janusz Walus. They were for real.

Original Post Date: 2006-11-28  Posted By: Jan

From the News Archives of: WWW.AfricanCrisis.Org
Date & Time Posted: 11/28/2006
S.Africa: More Naspers shares to blacks
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Surprise,,surprise,the,very,same,Multichoice,I,work,for,,where,you,,as,a,white,person,,have,no,cha’>
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Surprise,,surprise,the,very,same,Multichoice,I,work,for,,where,you,,as,a,white,person,,have,no,cha–>

S.Africa: More Naspers shares to blacks

From the News Archives of: WWW.AfricanCrisis.Org


Date & Time Posted: 11/28/2006

S.Africa: More Naspers shares to blacks

[What competition is around the corner?? Jan]

Surprise, surprise… the very same Multichoice I work for, where you, as a white person, have no chance in ever climbing the corporate ladder… Reverse racism at its best. They are not even ashamed to admit to such. They are all so proud in getting their “score card” in par to government’s requirements, resulting in a zoo-like environment… But competition is just around the corner!Watch this space…
Regards,
Carla

Johannesburg – Africa’s biggest media company, Naspers, will sell an extra 7.5% stake in its Multichoice pay-TV business to black investors after a first stake offer was oversubscribed by almost three times.

Naspers announced in September it would sell 15% stakes in two core businesses – Multichoice and its Media24 newspaper and magazine unit businesses – to black investors in two deals worth almost R3bn.

In a statement on Monday, the company said it planned to sell the extra 7.5% in Multichoice because its plan to buy rival Johnnic Communications’ stake in joint-owned pay-TV channels M-Net and Supersport and inject it into Multichoice would dilute the initial black-owned stake.

South African companies have to meet quotas on black ownership, procurement and employment as part of a government black economic empowerment (BEE) drive aimed at shifting more of the economy into black hands 12 years after apartheid fell.

The new Multichoice stake up for grabs will go to investors who applied to the first offer and were unsuccessful, at the same price of R10 per share.

The bulk of the holdings are meant to benefit ordinary black South Africans, who are paying what analysts say is a bargain price.

The stake offers took place via two holding companies – one with a stake in Multichoice and another with a stake in the Media24 newspaper and magazine businesses.

Naspers, which publishes South Africa’s top-selling daily newspaper the Daily Sun, said it would finalise the allocation of shares soon.

The company said earlier this month it would pay about R3.15bn in cash and shares for Johncom’s stake in M-Net and Supersport.

Shares in Naspers gained 0.85% to R150.75 by 14:52, beating the Top-40 index of blue-chip stocks, which dipped 0.6%.

Fin24 is part of 24.com, a Naspers group

Source: Reuters
URL: http://www.fin24.co.za/articles/default/displ…/p>


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