Sunday World ordered to apologise to finance company

The press ombud has ordered the Sunday World newspaper to apologise to finance company Musa Capital for causing it “unnecessary harm”.

Sunday World is directed to publish a kicker on its front page that includes the word ‘apology’ or ‘apologise’ and ‘Musa’,” deputy press ombudsman Johan Retief said on Wednesday.

“The text should refer to the following text that is to be published on page seven.”

The Sunday World story stated that Financial Services Board and forensic experts from accounting and consulting firm PricewaterhouseCoopers acted on a court order and “raided” Musa Capital’s head offices.

The raid followed accusations that the company was “ripping off” the Bakubung-ba-Ratheo, a client, to the amount of about R700-million.


The story quoted an anonymous source as saying the investigators spent the entire day scrutinising documents in search of the Bakubung tribe’s money, adding that Musa Capital’s offices “were being torn apart”.

Retief reprimanded the Sunday World for breaching Article 1.4 of the Press Code by using a single anonymous source, without verification and without mentioning this in the story.

He found, among other things, that the paper had no justification for reporting that the company had been raided. — Sapa

Subscribe to the M&G

These are unprecedented times, and the role of media to tell and record the story of South Africa as it develops is more important than ever.

The Mail & Guardian is a proud news publisher with roots stretching back 35 years, and we’ve survived right from day one thanks to the support of readers who value fiercely independent journalism that is beholden to no-one. To help us continue for another 35 future years with the same proud values, please consider taking out a subscription.

Related stories

Advertising
Advertising

press releases

Loading latest Press Releases…

The best local and international journalism

handpicked and in your inbox every weekday