A SHARE swap announced last night between Johnnic and its 58%-held Omni Media subsidiary will result in MIH Investments becoming a wholly owned subsidiary of Nasionale Pers. MIH Investments holds only shares in MIH (Multichoice Industrial Holdings) and M-Web. The swap means Omni Media is giving up 61,7-million shares in MIH Investments for 90,9-million M-Cell shares from Naspers. The swap ratio is 1,473 M-Cell shares for every MIHI shares. At the bottom of this complicated interaction is the Daily Mail & Guardian, 65%-owned by M-Web.