SA telecoms and media group Johnnic plans to sell its 3.8% stake in MIH Limited, but is waiting for a higher MIH share price, says Johnnic finance director Jacob Modise. MIH Limited is a television, Internet and interactive technology group with listing on the Nasdaq and in Amsterdam. MIH’s share in Amsterdam has fallen from a year high of $95 in March to $20 this week. Johnnic sold two million MIH shares in April when the US Nasdaq was at year peaks, and still has two million shares. Modise said the proceeds would be used to fund its growing telecoms and media operations. – Reuters