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30 Aug 2013 00:00
[Photo: Oupa Nkosi, M&G]
News coverage of the buyout of the Independent media group is being caricatured as a "war" between newspapers. But serious questions remain – the biggest being: Who, exactly, now owns and controls South Africa's second-largest media group?
Independent was purchased this month in a deal led by Iqbal Survé and his Sekunjalo Independent Media Consortium.
The consortium has 55% and South African and Chinese state-owned companies the rest.
The state funders, are South Africa's Public Investment Corporation, the Chinese-Africa Development Fund and Chinese International Television Corporation.
The new owners have refused to answer questions, including:
When states control independent media, the risk increases of their being used as state mouthpieces.
Foreign state control, out of reach of local voters, is even more concerning.
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The M&G Centre for Investigative Journalism, a non-profit initiative to develop investigative journalism in the public interest, produced this story. All views are ours. See www.amabhungane.co.za for our stories, activities and funding sources.
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