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/ 22 November 2007

Johncom lifts first-half earnings by 460%

South Africa’s second-biggest media firm, Johnnic Communications (Johncom), increased first-half headline earnings per share by 460% to 1 681 cents. The company said revenue for the six months to end-September rose by 16% to R2,974-billion while profit from operations before exceptional items rose 25% to R409-million.

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/ 20 November 2007

Johncom becomes Avusa on shareholder approval

South African media company Johnnic Communications (Johncom) said on Tuesday it will now change its name to Avusa on November 26 after shareholders gave the name change the green light. The name was constructed in such a way so as to relate to the company’s vision and strategy, as it uses the words Audiovisual, Vision, Unique and Unity, and South Africa to make up Avusa.

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/ 4 November 2007

Mbeki’s men bid R7-billion to buy Johncom

President Thabo Mbeki’s political adviser and a government official are among a group who want to take over Johnnic Communications (Johncom). Koni Media Holdings, a company belonging to Mbeki’s adviser Titus Mafolo, Foreign Affairs Department spokesperson Ronnie Mamoepa, former chief of state protocol Billy Modise and a businessman, have launched a R7-billion bid.